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MODELL MAY BUY OUT PARTNER AS RAVENS TO KICK IN FOR STADIUM

          Ravens Minority Owner Al Lerner, "longtime partner" of
     Ravens Owner Art Modell, "might soon sell his stake" in the
     team, according to Jon Morgan of the Baltimore SUN.  Lerner
     "has expressed an interest in owning an expansion team
     should one be awarded to Cleveland," and Modell said that he
     and his family would acquire Lerner's stake.  Modell: "We
     are having discussions that hopefully will lead to a
     friendly parting of the ways."  When the team moved to
     Baltimore, Lerner owned 9% of the franchise and 50% of the
     stadium operating company (Baltimore SUN, 7/31).
          NEW NEST: Also in Baltimore, a state committee approved
     a plan that has the Ravens contributing $20M in additional
     funds for the stadium: $10M for the right to sell naming
     rights and another $10M in an early payment to the state. 
     The decision means that the Maryland Stadium Authority "will
     not have to seek approval to spend more public money for the
     stadium from the General Assembly, which has capped" the
     state's expenditure at $200M.  MSA Exec Dir Bruce Hoffman
     said project costs had risen to "at least" $210M and put the
     estimate of cost overruns as high as 10%, between $10-20M.
     Hoffman added that the MSA "would not seek additional money
     from the state" (Morgan & Zorzi, Baltimore SUN, 7/31).

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