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Franchises

THESE WOULD NOT BE YOUR FATHER'S HOUSTON OILERS

          Rockets Owner Les Alexander "talked with" NHL Oilers
     Owner Peter Pocklington Wednesday "about buying the
     franchise and moving it to Houston," according to John
     Williams of the HOUSTON CHRONICLE.  Alexander sees the deal
     as "a solution to avoid sharing a new arena with a hockey
     team owned by Chuck Watson and Robert McNair."  The Rockets
     owner has "hired a consultant to help him negotiate a deal"
     with Pocklington, who is asking around $85M for his team.
     Alexander's move "came two days" after he received a letter
     from Houston Mayor Bob Lanier "indicating plans to build a
     new arena" with or without the cooperation of the Rockets. 
     Lanier asked Alexander and Watson-McNair to "agree on
     conditions on constructing and operating a new arena,
     assuming construction is approved by voters in November." 
     Lanier wants a letter of intent signed by June 25, when the
     NHL is expected to announce its expansion plans. Watson and
     McNair signed the letter of intent Wednesday, but Alexander
     "did not and called Pocklington."  McNair said that if he
     and Watson are not awarded an expansion team, they "would
     bid for the Oilers" (HOUSTON CHRONICLE, 6/12). Pocklington,
     on Alexander's call: "Money is no object to them.  He's made
     an offer of a price.  It really doesn't matter what it is
     because I want to sell it here" (EDMONTON SUN, 6/12).  

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