SBD/24/Franchises

ALAN COHEN AND HARVEY WALKEN EMERGE AS PART OF JAYS GROUP

          Toronto lawyer Lawrence Dale, who has put together a
     group trying to buy the Blue Jays, "confirmed yesterday that
     two principals" in his potential ownership group are Harvey
     Walken and Alan Cohen, according to James Christie of the
     Toronto GLOBE & MAIL.  Walken was a partner in the Pirates
     for 10 years, while Cohen is a former partner in the Celtics
     and served as Chair of the NBA Board of Governors.  A source
     told Christie's that if the group "obtains the portion of
     the Jays and the SkyDome that has historically belonged" to
     Labatt Brewing, Dale will "also go after" the 10% owned by
     the Canadian Imperial Bank of Commerce (GLOBE & MAIL,
     10/24).  Dale's group has "at least six investors, but that
     number could increase," according to Elliott & Rutsey of the
     TORONTO SUN.  On Wednesday, the group met with Penfund, a
     pension fund group that controls 35% of SkyDome, "about a
     partnership."  Penfund has the right of first refusal in
     acquiring Interbrew's 49% interest in the SkyDome and "is
     interested in exercising that option" (TORONTO SUN, 10/24). 

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