SBD/22/Franchises

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  • BROWNS BATTLE AGAINST RELEASING FINANCIAL FIGURES

         Dennis Kelly, an attorney representing the Browns against
    the city of Cleveland, said the team's financial records are
    "irrelevant" to the lawsuit over the stadium lease and sought to
    have a judge stop the city's request to make them public.
    According to the Akron BEACON JOURNAL, Kelly argued the "real
    question" is over Owner Art Modell's future, not the team's
    fiscal health to date.  Frederick Nance, who represents the city:
    "The Browns have said they would suffer ruinous financial harm if
    they were forced to continue to play here.  We are entitled to
    test the veracity of those claims" (Akron BEACON JOURNAL, 12/22).
    

    Print | Tags: Cleveland Browns, Franchises
  • NEW OWNER TO TAKE AN ENTERTAINER'S APPROACH WITH ICE DOGS

         Ice Dogs Owner Fred Comrie is expected to finalize an
    agreement this week to sell the team to TV producer Barry Kemp
    for $5M.  According to the ORANGE COUNTY REGISTER, Kemp plans to
    take an "entertainer's approach" to hockey, much like with
    Disney's Mighty Ducks.  Kemp, who said better-than-expected
    revenue from the syndication of "Coach" prompted him to buy the
    team, will move the Ice Dogs from the L.A. Sports Arena to a
    revamped Long Beach Arena next season.  Kemp he plans to use on-
    ice and outdoor pre-game entertainment to bring in more fans.  He
    hopes to have an average attendance of 7,000.  Kemp is also a
    minority partner with the Suns (Barbara Kingsley, ORANGE COUNTY
    REGISTER, 12/22).
    

    Print | Tags: Anaheim Ducks, Anaheim Sports, Franchises, Phoenix Suns, Walt Disney
  • POTENTIAL CARDINALS OWNERSHIP GROUP IN FINAL NEGOTIATIONS

         One potential investor says a group led by several St. Louis
    businessmen is in final negotiations to buy the Cardinals,
    according to the ST. LOUIS POST-DISPATCH.  The group includes
    Southwest Bank Chair Andrew Baur, Hunter Engineering President
    Stephen Brauer, and William DeWitt, Jr. of Cincinnati, whose
    father once owned the St. Louis Browns and then the Cincinnati
    Reds.  DeWitt owned 15% of the Reds until '68, was a partner in
    the Orioles, and is now a part owner in the Rangers.  Baur said
    they are "close to a deal" and that the team would "absolutely"
    stay in St. Louis (O'Neil & Hummel, ST. LOUIS POST-DISPATCH,
    12/22).
    

    Print | Tags: Baltimore Orioles, Cincinnati Reds, Cleveland Browns, Franchises
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