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STARS OWNER STILL TALKING TO POTENTIAL LOCAL INVESTORS
Published December 1, 1995
Stars Owner Norm Green said yesterday he is still talking to potential buyers for the team, even though he has an offer of more than $82M, according to the DALLAS MORNING NEWS. After five months of negotiations, a group headed by Dallas businessman John Spano submitted a proposal to Green Tuesday that included an $82.3M offer to buy the team. Green, however, said he is still talking with other potential buyers, including Dallas financier Thomas Hicks. Mavs Owners Donald Carter has promised to bail the team out -- but only as a last resort, and only at his price. Green denies reports NHL Commissioner Gary Bettman is pressuring him to sell the team, but said a deal could come next week. Green also described his main creditor, Alberta Treasury Branches, as "cooperative, not adversarial," and he said the sale of the team will clear his problems with the bank and other creditors (Richard Alm, DALLAS MORNING NEWS, 12/1).