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ARENA JOCKEYING CONTINUES BETWEEN RAPTORS AND LEAFS

          Plans unveiled yesterday by the Maple Leafs for a new
     Maple Leaf Gardens above Toronto's Union Station "will
     never, ever, come to pass," according to Craig Daniels of
     the TORONTO SUN.  Daniels writes that the Leafs and Raptors
     "will get together on an arena soon.  It just won't be the
     one the Leafs were talking about yesterday" because if the
     Raptors scrap their Air Canada Centre plans to join the
     Leafs, "what little credibility" the team has earned from
     its fans and PSL-holders "will be destroyed."  Raptors
     President Richard Peddie: "They'd all want their money back. 
     I think we'd face lawsuits" (TORONTO SUN, 4/18).  MLG Chair
     Steve Stavro: "I'll do my best to bring the Raptors in. 
     Common sense will prevail."  Peddie: "I find it
     objectionable that we would have to drop everything. ...
     We're at the construction stage.  They're at the conceptual
     stage" (Lance Hornby, TORONTO SUN, 4/18).  A SUN  editorial:
     "Build one arena. Just do it" (TORONTO SUN, 4/18).
          OWNERSHIP QUESTIONS: The SUN's Daniels writes that
     negotiations for a shared arena "can't begin for one simple
     reason: [Raptors VP] Isiah Thomas doesn't have control of
     the Raptors and it appears that it is Isiah Thomas, not
     Allan Slaight, with whom Leafs' chairman Steve Stavro, is
     prepared to negotiate" (TORONTO SUN, 4/18).  Slaight said
     yesterday that he would "maintain control of the franchise
     if he believed it was best for the club," according to Mary
     Ormsby of the TORONTO STAR.  Slaight, who owns approximately
     80% of the team: "In any discussions with Isiah, it has
     always been understood that I would be staying in, but we
     just haven't gotten around to the precise (equity) points"
     (TORONTO STAR, 4/18).  The STAR's business reporter David
     Israelson writes that Thomas "may not buy all of the shares
     Slaight is offering, leaving room for another buyer to join
     in.  For example, the Leafs" (TORONTO STAR, 4/18).   

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