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OREN BENTON OFF THE ROCK PILE: PART OWNER STEPS DOWN
Published September 30, 1997
The Rockies announced Monday that Oren Benton has stepped down as Vice Chair, ending his association with the club, according to Tony DeMarco of the DENVER POST. Negotiations for the purchase of his shares in the club by Majority Owner Jerry McMorris and Vice Chair Charles Monfort continue. Benton filed for bankruptcy in February '95, claiming he was $400M in debt. His shares in the team, estimated at 23% and worth between $30-40M, "are tied up in that litigation." McMorris said that Benton's departure "will not result in a takeover of the principal ownership of the club by Monfort, a rumor that has been circulating around the club in recent days." McMorris: "In fact, both Charlie and I will take on more (of the team), and there will be no change in our roles" (DENVER POST, 9/30).