Isiah Thomas Expected Backlash Over Hiring Babcock Prepared For Tough Maple Leafs Gig Mets See Another Revenue Dip At Home MLB Looking Closer At Holding Games Abroad Maple Leafs Go For Broke With Babcock Hiring Puig Starring In New Starter Ad Campaign Bruins' Don Sweeney Promoted To GM Lightning Defend Tix, Apparel Ban Dolphins' Ross Finding His Groove CFL Commissioner Lauds Argonauts Sale
Upcoming Conferences and Events
DEVILS RAYS NEWS & NOTES: TEAM ADDS TWO INVESTORS
Published July 2, 1996
The Devil Rays named two investors to their ownership group: Gus Stavros, a "longtime Pinellas County businessman and philanthropist," has joined as a limited partner; and Mel Danker, a Fayetteville, NC, businessman, who is "reportedly related" to Outback Steakhouse exec and fellow Rays' investor Bob Basham. The team also "essentially" paid off their $130M MLB expansion fee by wiring a $25M payment to MLB teams and posting a $73M letter of credit for the balance (Marc Topkin, ST. PETERSBURG TIMES, 7/2)....The Durham Bulls and the Devil Rays signed a partnership "with the intent" of making the Bulls a Triple-A affiliate of Tampa Bay. Before the deal is finalized, the minor- league expansion committee must decide if Durham is suited to be a Triple-A city (TAMPA TRIBUNE, 6/29).