SBD/2/Franchises

AS THE PIRATES TURN: OWNERS TO ENTERTAIN OTHER OFFERS

     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).
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