SBD/22/Franchises

SMILEY PLAYING WITH THE IDEA OF TAKING MARLINS PUBLIC

          Marlins President Don Smiley said Friday that partial
     public ownership "could be in the franchise's future,"
     according to Barry Jackson of the MIAMI HERALD.  Smiley, who
     is trying to put together an investment group to buy the
     team from Wayne Huizenga, said that "he would consider
     selling shares in the Marlins if he acquires the team." 
     Jackson added that Smiley "has quietly submitted an offering
     circular to baseball attorneys" which explains his "approach
     to buying the team -- a process that includes securing 15 to
     25 investors who would each pay in the $5 million range." 
     Among members of Smiley's group include Huizenga's brother-
     in-law Whit Hudson.  Joe Arriola, President of a Miami-based
     printing company and an uncle of Marlins P Alex Fernandez,
     is among others who are considering joining Smiley's group. 
     Potential investors who have met with Smiley said that he
     has an interest in eventually building a baseball-only
     ballpark, "possibly near" the Heat's planned bayfront arena
     in Miami, and wants to trim payroll (MIAMI HERALD, 9/21).

Return to top

Related Topics:

Miami Marlins, Franchises, Miami Heat

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug