SBD/2/Franchises

NORTHWEST SHAREHOLDER TO SUE OVER GRIZZLIES AND GM PLACE

     A B.C. Supreme Court has granted an angry shareholder in
Northwest Sports Entertainment Ltd. permission to sue the
company's directors for "allowing Arthur Griffiths to acquire"
the Grizzlies and GM Place.  Northwest Sports owns the Canucks
and formerly owned GM Place and rights to the NBA team until last
year, when "ownership passed to Griffiths and John and Bruce
McCaw of Seattle in a complicated series of transactions."
Primex Investments Ltd., which owns 10% of Northwest Sports,
seeks to sue claiming minority shareholders "were deprived of any
value in these assets" when Griffiths and the McCaws bought them
out at $75 a share (David Baines, VANCOUVER SUN, 11/2).
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