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ATB TO ACCEPT OUTSIDE BIDS FOR OILERS; WILL LOCAL BIDS RISE?
Alberta Treasury Branches (ATB) "is looking for bids higher than the two already proposed by local groups" to buy the NHL Oilers, a source told Jac MacDonald of the EDMONTON JOURNAL. The two bids from local business groups are both believed to be for about US$70M and would pay for not only the Oilers but also Coliseum Management Inc., which operates the Edmonton Coliseum. MacDonald's source said that Midland Walwyn, the company handling the sale for Oilers Owner Peter Pocklington, and ATB "are expecting to receive offers from outside buyers soon." When that happens, the source added, "the local bids are expected to be increased." Pocklington declined to discuss the progress of sales talks yesterday, but confirmed he is no longer drawing any management fees as part of his team ownership (EDMONTON JOURNAL, 10/7). -
BROWNS FANS SNAPPING UP SEASON TICKETS FOR '99 SEASON
Browns fans have bought at least 45,000 season tickets in anticipation of the team's return in '99, according to David Adams of the AKRON BEACON JOURNAL. That is higher than the 39,100 sold in '95, the team's final year in Cleveland (AKRON BEACON JOURNAL, 10/7). -
SELIG IN STEP WITH TWINS, SAYS MLB WOULD APPROVE MOVE TO NC
MLB Acting Commissioner Bud Selig said that he is "confident" MLB owners "will follow his lead and allow the Twins to move" to NC, according to Jay Weiner of the Minneapolis STAR TRIBUNE. The Twins signed a letter of intent last Friday to sell the team to NC businessman Don Beaver and his NC Major League Baseball (NCMLB) group. Meeting with MN Gov. Arne Carlson and a delegation of MN state officials in Milwaukee, Selig said, "I certainly hope the Twins stay in Minnesota. But for anybody to think that, in this day and age, you can consign an owner to either uncompetitiveness or bankruptcy is sheer folly." Carlson: "There are only two options: to build a stadium or not to build a stadium" (Minneapolis STAR TRIBUNE, 10/7). NCMLB spokesperson Eddie Bradford, on Monday's developments in Milwaukee: "This is not a done deal, but it does indicate that the owners of major league baseball take North Carolina seriously as a potential market" (CHARLOTTE OBSERVER, 10/7). -
WILL STRONG SHOWING IN NLCS HELP MARLINS' OWNERSHIP CHANCES?
How the Marlins fare in the NLCS against the Braves "might affect team President Don Smiley's ability to buy the club from Wayne Huizenga," according to Barry Jackson of the MIAMI HERALD. Smiley is in the process of distributing circulars to 15 "or so people who have expressed interest in joining his investment group." Jackson reports that while "several potential investors say they have not decided," including Amancio Suarez, who owns Miami-based Cosmo Communications and has a minority interest in the Heat, "a long playoff run might persuade potential investors to commit." Jackson adds that "those with knowledge of the situation say it's unlikely but not out of the question" that a trip to the World Series could "prompt Huizenga to change his mind about selling" (MIAMI HERALD, 10/7). HIT AND RUN: In Chicago, Paul Sullivan, on Huizenga's $89M, offseason investment in the Marlins: "In the minds of many of Huizenga's fellow owners, he is pulling off the biggest hit-and-run in baseball history, raising the ante for other owners by overpaying players madly in his obsessive pursuit of a championship and then folding his cards. ... Huizenga helped escalate everyone's future payroll while knowing all along he couldn't create enough revenue to prevent the Marlins from losing millions. ... But its aftereffects may be felt by other teams for years to come" (CHICAGO TRIBUNE, 10/7). -
WOULD-BE BLUE JAYS INVESTOR PUTS CHANCES FOR TEAM AT 50-50
Canadian real estate exec Jack Singer, who stands to become the largest shareholder of the Blue Jays, feels that he and his partners have only "a 50-50 chance -- at best" of being approved by MLB, according to Marty York of the Toronto GLOBE & MAIL. Singer, who would invest about C$70M in the Murray Frum-led group, said he's heard the "official word on this one way or the other" may come "right after the World Series. ... We've been trying to put the deal together for more than a year, and I find it a little surprising that it has taken this long. Something just doesn't feel completely right." Meanwhile, York writes that its "quite possible" MLB "has been checking on Michael Shapiro," the CA businessman "who has been most responsible for putting the consortium together." York notes speculation that MLB execs "are reacting negatively to Shapiro's involvement" because he once sued MLB when a deal he had put together for Singer to buy the Royals fell through (Toronto GLOBE & MAIL, 10/7).




