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WOULD-BE BLUE JAYS INVESTOR PUTS CHANCES FOR TEAM AT 50-50
Published October 7, 1997
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).




