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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).