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ALL IN THE FAMILY FOR THE MINNESOTA POHLADS
The sons of Twins Owner Carl Pohlad are, in fact, interested in owning the team, diminishing speculation that the Twins would be sold, according to this morning's Minneapolis STAR TRIBUNE. Jim Souhan reports that, contrary to public opinion, Pohlad's sons -- Bob, Jim and "to a lesser extent," Bill -- have recently taken a more active role with the team. According to some Twins execs, Bob Pohlad, in particular, has become a "key figure," taking on increasing responsibility especially in the Twins' pursuit of a new stadium. Though Carl Pohlad denies rumors of a possible sale, maintaining, "We're not even thinking about anything than a new stadium," Souhan notes other owners have made similar claims before selling (STAR-TRIBUNE, 3/19).
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BUCS DEAL WITH TAMPA INCHES TOWARD CONCLUSION
The deal between Bucs Owner Malcolm Glazer and negotiators for Tampa and Hillsborough County remains incomplete, but in the words of Glazer's son, Bucs VP Joel Glazer, "Things are cool." According to this morning's TAMPA TRIBUNE, negotiators have reached "tentative agreement" on a new $168M stadium, with lawyers for both sides working on the details. The Tampa Sports Authority has scheduled a meeting for Monday to consider and vote on the deal, although that could be postponed if there is no agreement by Friday (Joe Henderson, TAMPA TRIBUNE, 3/20). Two major "hang-ups" are facility control and advertising rights (Charean Williams, ORLANDO SENTINEL, 3/20).
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COMCAST COMPLETES DEAL FOR FLYERS, SIXERS, TWO ARENAS
Flyers Owner Ed Snider, fitness entrepreneur Pat Croce and the Comcast Corp. announced yesterday the formation of a Comcast- Spectacor venture to create a "super-regional sports partnership" to own and operate the Flyers, 76ers, the new CoreStates Center and the CoreStates Spectrum. Comcast will hold a 66% ownership interest (Comcast). DETAILS: To gain 66% of the teams and arenas, Comcast contributed $250M in cash and stocks, and also assumed 66% of their combined $180M in debt. Croce, who is credited with getting the deal "in motion," is said to have contributed less than $5M to be a part owner in Comcast-Spectacor. Croce will become 76ers President. Comcast Chair Ralph Roberts and President Brian Roberts said they would have nothing to do with the day-to-day operations of the teams or arenas. Outgoing 76ers Owner Harold Katz said he received "significantly more" than the reported price of $125M for the team. However, he described his decision to sell as a reluctant one (Sokolove, Rozansky & Stark, PHILADELPHIA INQUIRER, 3/20). Snider retains 34% of the Flyers and each arena, also adding a 34% stake in the 76ers. Snider said he will have "operational control" of all entities, noting that Comcast "wouldn't do the deal unless I stayed in" (Gary Miles, PHILADELPHIA INQUIRER, 3/20). PHILLIES NEXT? There are "strong indications that the Phillies were edging close to involvement with the Comcast- Spectacor venture." There was no indication the team would be sold, but it was possible that Comcast-Spectacor could help with the building of a new stadium. One Comcast exec said, "It's only in the context of creating a [sports] channel, cooperative stuff with regards to sports rights" (Sokolove, Rozansky & Stark, PHILADELPHIA INQUIRER, 3/20). REAL DEAL: In the DAILY NEWS, Joseph Daughen reports the reality is that it was Snider, not Croce, who drove the deal. Snider, described as wanting to "virtually corner the sports and entertainment market in the metropolitan Philadelphia area," knew he needed the 76ers to do so. According to sources, because his relationship with Katz was "so poor," Snider found Croce's interest in the team an "attractive alternative" (PHILADELPHIA DAILY NEWS, 3/20). -
DISNEY STILL LURKING IN THE OUTFIELD ON ANGELS SALE?
Former MLB Commissioner and Angels suitor Peter Ueberroth told the L.A. TIMES the Walt Disney Co. is still in discussions about buying the Angels despite the fact the company's exclusive rights to buy the team have ended. Ueberroth, who heads a group interested in buying the team, said they have been "made aware that (the Angels, Disney, and Anaheim) are continuing discussions, and we're choosing not to step forward until these discussion have concluded." But Disney Sports Enterprises spokesperson Bill Robertson was "adamant" that talks between Disney and the city had ended. Anaheim City Manager James Ruth said city officials met for over three hours yesterday, and, while they were "not negotiating with anybody," he did not "rule out the possibility that talks with Disney might be revived" (Hernandez & DiGiovanna, L.A. TIMES, 3/20). Tony Tavares, Disney Sports Enterprises President, said talks on the Angels were "over" ("SportsCenter," ESPN, 3/19). -
FRANCHISE NOTES
Northwest Sports Enterprises Ltd. -- the Canucks publicly- traded owner -- has been relieved of its obligation of a C$98M construction loan by the Orca Bay Arena Ltd. Partnership. However, Northwest is finalizing a C$10M agreement from the Canadian Imperial Bank of Commerce to cover salaries and operating expenses (FINANCIAL POST, 3/20)....The Marlins still have 14,000 tickets remaining for their opening day matchup against the Pirates. Team officials are "surprised" at the low sales numbers (MIAMI HERALD, 3/20)....The agent for Bullets star Chris Webber is upset that the team charges players for getting their own hotel rooms on the road. The Bullets and Sixers are the only NBA teams that pass the extra charge of individual rooms along to the players (WASHINGTON TIMES, 3/20)....The Devil Rays have made an offer to take over the White Sox spring training camp in Sarasota if Chicago moves to another location, as expected (ST. PETERSBURG TIMES, 3/20)....Eaton Corp. has pledged up to $1M to support Cleveland's efforts to land an NFL team (Eaton Corp.)....The Alouettes' new logo will be a "vicious- looking" bird that appears "mean, fast and rugged," according to Owner Jim Speros. Colors will be red, white, blue, silver and black (GLOBE & MAIL, 3/19).
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SEATTLE BUSINESS LEADERS MEET IN SHOW OF SUPPORT FOR 'HAWKS
Thirty of Seattle's top business leaders met yesterday to "rally round the Seahawks" and convince the NFL that "locals would support remodeling the Kingdome as part of a deal to bring the football team home," according to Boren & Farnsworth of the SEATTLE POST-INTELLIGENCER. Former co-Owner John Nordstrom, who called the meeting, said he did not ask anyone to commit to anything, but "as we move through the next week to 10 days, things are going to change." NFL VP Communications Joe Browne said the league is interested in seeing support for a $125M remodeling of the Kingdome (SEATTLE P-I, 3/20). USA TODAY's Gordon Forbes writes the NFL's case to keep the Seahawks in Seattle seems "hopeless." The league's negotiating team "concedes" if Seahawks Owner Ken Behring's claim of an unsafe Kingdome stands in court, "the Seahawks are gone" (USA TODAY, 3/20). ESPN's Chris Mortensen reports Behring is "clearly daring" NFL Commissioner Paul Tagliabue to impose the maximum $500,000 fine on him for continuing to practice in Southern CA. Behring's attorney, Ron Olson, told NFL committees last week at the owner's meetings that the team "intends to leave Seattle," even if the court holds them in contempt for breaking their Kingdome lease ("SportsCenter," ESPN, 3/19).




