SBD/3/Franchises

IS DELAWARE NORTH TALKING WITH CABLEVISION ON MSG STAKE?

          Delaware North Cos., the Buffalo-based conglomerate
     that owns the Bruins and the FleetCenter, "denied rumors
     that it is looking to join" with Cablevision Systems Owner
     Charles Dolan in an attempt to purchase MSG, according to
     Kevin Paul Dupont of the BOSTON GLOBE.  Delaware North
     spokesperson Brenda Follmer called the speculation "all
     false," but added, "Now, that's not to say things don't
     change around here -- sometimes with lightning speed." 
     Dupont wrote deal between Delaware North Chair Jeremy Jacobs
     and Dolan "would be closely scrutinized" by the NHL. 
     According to league ownership guidelines, "overlapping
     ownership interests are forbidden."  Delaware North would
     have to relinquish either the Rangers or Bruins, or "spin
     one or the other off" into separate ownership.  Dupont: "The
     Bruins put up for sale?  It could explain a lot of what has
     happened -- or hasn't happened -- on Causeway Street over
     the last number of months" (BOSTON GLOBE, 2/28).  Dupont,
     after Saturday's deal that sent three high-profile players
     to the Capitals: "Are the Bruins being stripped to be sold? 
     It sure looks that way.  All they do is get leaner on the
     payroll and worse on the ice, with no mention of lowering
     ticket prices" (BOSTON GLOBE, 3/2).

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