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MAPLE LEAF GARDENS SHUTS ITS GATES TO THE PUBLIC

     Maple Leaf Gardens Ltd.'s final official shareholder meeting
brought an end to Steve Stavro's five-year battle to get control
of the company.  During Tuesday's meeting, minority shareholders
upset with Stavro's decision to take the company private tried to
make their presence known.  But due to Stavro's 95.5% (through
MLG Ventures Ltd.) control, the outcome was never in doubt.  The
motion easily passed, and MLG will be a private entity once the
company buys up the remaining 4.5% of shares at a cost of
C$49.50/share.  While Stavro did not speak at the meeting, MLG
Director George Whyte said the plan will save on taxes which will
in turn allow for improvements to the NHL club (Peter
Fitzpatrick, FINANCIAL POST, 8/7).  With the end of this long
saga, TORONTO SUN's Al Strachan gets in a few parting shots at
Stavro and the company.  He notes a number of unanswered
questions mostly having to do with how all of these public
companies were able to hold secret negotiations without the best
interest of Harold Ballard's heirs being represented.  Now that
the company is private, Strachan notes it will be easier for "the
stonewalling" to continue: "It has been a flawless strategy so
far" (TORONTO SUN, 8/6).
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