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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).
    
    

    Print | Tags: Edmonton Oilers, Franchises, NHL
  • 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).
         
    

    Print | Tags: Cleveland Browns, Franchises
  • 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).
    
    

    Print | Tags: Anheuser Busch, Franchises, Minnesota Twins, MLB
  • 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).
    
    

    Print | Tags: Atlanta Braves, Miami Marlins, Franchises, Miami Heat, Time Warner
  • 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).
    
    

    Print | Tags: Franchises, Kansas City Royals, MLB, Toronto Blue Jays
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