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AS THE PIRATES TURN: OWNERS TO ENTERTAIN OTHER OFFERS
Published November 2, 1995
The sale of the Pirates "took another strange twist yesterday," according to this morning's PITTSBURGH POST-GAZETTE. Pirate ownership told prospective buyer Kevin McClatchy they would give him another week to meet their sales demands, but "reserved the right to begin discussions with other potential buyers." McClatchy was "clearly irritated" by the Pirates decision to talk with other groups, calling it "their prerogative." Two other groups are reportedly still interested in purchasing the team -- one a partnership between Adelphia Cable Chair John Rigas and Penguins Owner Howard Baldwin, the other led by Mount Washington investment banker Kevin Maloney and DC businessman Melvin Lenkin. The Pirates said McClatchy "had satisfied none of the owners' financial concerns" (Halvonik & Belko, PITTSBURGH POST-GAZETTE, 11/2).