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FAR FRUM OVER: NAMES OF NEW JAYS BIDDER BEGIN TO EMERGE
Published October 23, 1997
Greg Sorbara, a former Ontario cabinet member, and Lawrence Dale, who was VP/Business Development & General Counsel for SkyDome from '91 until he left last month, confirmed "that they are part of a consortium attempting to buy" the Blue Jays, according to Tony Van Alphen of the TORONTO STAR. Dale said that he "initiated and is leading" the group, which has "at least" six investors, "including two former owners" of "major" U.S. sports franchises, one of whom "previously owned" an MLB team. Sorbara, a real estate developer, said that he would be a minority shareholder, and would be "putting up his own money" if the group's bid is successful. Dale: "All I can say is that we have the financial ability to complete a deal for the Jays and the expertise to operate a franchise of this stature. That's critical to the team and the fans" (TORONTO STAR, 10/23). In Toronto, Stephen Brunt writes that the "sands seem to be shifting" in terms of the Jays deal, and that "despite the continuing optimistic talk from [Murray] Frum, there remain indications that ... the proposition is a whole lot more complicated than it first appeared" (GLOBE & MAIL, 10/23).