Laurel Prieb, Brewers VP/Corporate Affairs, said yesterday
the team does not need new investors and will be able to meet
their financing commitment to a new stadium by the March 22
deadline, according to this morning's MILWAUKEE JOURNAL SENTINEL.
Local sources said "several potential investors" are ready to
bring new capital to the team to secure loans needed for the $90M
financial commitment to a new facility. But new investors would
reportedly "demand major changes in the team's management
structure." Prieb: "We didn't need them last summer [when the
stadium deal was signed] ... And we don't need them now. If
anything, our finances have improved." Sources said Brewers
President Bud Selig "would be especially resistant" to the idea
of new investors if they "were contingent on his stepping down as
President." Spokespersons for Sidney and Allen Kohl, brothers of
U.S. Sen./Bucks Owner Herb Kohl, said there is "no truth to the
reports they are considering investing in the Brewers." Also, a
meeting between the team and Miller Brewing apparently has been
set up to discuss stadium naming rights (Amy Rinard, MILWAUKEE
JOURNAL SENTINEL, 2/29).
