49ers Take Another Image Hit With Brooks Charge Questions Remain In Phillies' Front Office Jim Buss Remains Optimistic About Lakers Leonsis Weighing Wizards Practice Facility Spots White Sox To Host Faith Day Franchise Notes Yankees GM Cashman Profiled As Underestimated Flacco Stars In Humorous Pepsi, Tostitos Ad Bayern Munich Partners With Columbia Univ. Blank Hiring CEO To Oversee Teams, Business
Published June 3, 1996
A $40M lien on Paul Brown's estate and ownership of the Bengals are "at stake" when Mike Brown goes to court against the IRS in Chicago. The IRS believes the stock option of team VP John Sawyer and Brown in '83 "was a sham that was used to pass ownership to Brown's sons to avoid estate taxes." If Brown is forced to repay the government, he might have to sell the team (Mult., 6/3)....ROCKY MOUNTAIN NEWS business writer Don Knox speculates on the future stock prospects of Ascent Entertainment, noting while the Avalanche are hot, Ascent plans to spend a lot of cash over the next few years 'upgrading" Spectravision, building the Pepsi Center and on a Harrison Ford movie (ROCKY MOUNTAIN NEWS, 6/2)...Yankees Owner George Steinbrenner denied a N.Y. TIMES report that team doctors knew about David Cone's medical condition before he returned to pitch on May 2. According to the TIMES, Cone was at "significant risk" and could have lost his right arm had his aneurysm burst (NEWSDAY, 6/3)....The Vikings have sold 38,000 season tickets for '96-97. They sold 45,000 last year (Minneapolis STAR TRIBUNE, 6/2)....Oilers Owner Bud Adams is interested in backing an MLS team for Nashville, and MLS Exec VP Randy Bernstein said the league "certainly would look at Nashville two, three years down the road" (TENNESSEAN, 5/31)....The IHL Spiders, who filed for Chapter 11 in San Francisco, have held preliminary talks to move to Nashville for '96-97. An announcement could come this week (TENNESSEAN, 5/31).