22 Twitter Roc Nation To Represent Geno Smith Sports Business Awards Honor Reinsdorf At Bat App Hits 6 Million Downloads TaylorMade Distances Itself From Garcia NYC FC Names Reyna Dir Of Football AAC Incumbents Get 60% Of Realignment Funds NYC FC Owners Still Hopeful On Queens Stadium NYC FC Key To Building Man City Brand
Sections
SBD/24/Franchises
Print All-
ALBERTA BANK STEPS IN TO TAKE CONTROL OF OILERS SALE
The Alberta Treasury Branches (ATB) on Friday confirmed that it has "taken a direct role in the sale" of the NHL Oilers in an effort to "recoup some of the reported" $125M that it loaned Owner Peter Pocklington, according to Allan Maki of the Toronto GLOBE & MAIL. ATB has activated the 20- day "warning clause" in its '95 location agreement between Pocklington, the city of Edmonton and the Northlands Coliseum, which means there are now 20 days for local buyers "to produce a serious offer;" if there is no local interest, outside offers "will be considered." Maki wrote that with ATB's move, "it is believed" that potential buyers "will be willing to step forward and open their wallets." Maki added that it "is also believed" that the most local serious group, including Bruce Saville, Cal Nichols, Rod Hodgson, and others, "has yet to raise the money it needs to meet" the US$70M purchase price (GLOBE & MAIL, 11/22). ATB spokesperson Darlene Dickinson said that if a local offer is received in 20 days, "they would have an additional 40 days to finalize a deal." In addition, if an out-of-town offer is received, local buyers will have 30 days to match that offer or purchase the team for $70M (EDMONTON JOURNAL, 11/22). U.S. INTEREST: In Toronto, Al Strachan wrote that Rockets Owner Les Alexander is "still interested" in buying the team, however, after "being embarrassed" by Edmonton officials, Alexander's offer this time "may not be as magnanimous" (TORONTO SUN, 11/22). Strachan added that there is "every indication" that Edmonton politicians "made a big mistake when they played hardball" with Alexander. Strachan noted that the "word is" that the ATB plans to sell the team to "private enterprise" (TORONTO SUN, 11/23). -
FRANCHISE NOTES
Friday's Hurricanes-Rangers crowd drew 19,358, the largest home crowd in Hurricanes history (NEWS & OBSERVER, 11/22). The crowd included 8,000 game day walk-ups (N.Y. POST, 11/22). Sunday's Hurricanes home game against the Flames was played before 5,516 fans, "the smallest crowd to see an NHL game this season" (NEWS & RECORD, 11/24). MLB: While Sonics Owner Barry Ackerley "is willing to be a major investor" in Don Smiley's venture to purchase the Marlins, should Smiley's bid fail, Ackerley "appears ready to step in and put together his own group." Ackerley would not move the team because his company has "large business interests in Florida" (Frank Hughes, NEWS TRIBUNE, 11/24). -
IN CLARK GRIFFITH'S MIND, TWINS NOT GOING TO CAROLINA
Minneapolis lawyer Clark Griffith said Friday that he and other investors "are poised" to offer $86M in cash to buy the Twins, according to Jay Weiner of the Minneapolis STAR TRIBUNE. Griffith, whose group includes his father, former Twins Owner Calvin Griffith, as well as publisher Vance Opperman and St. Paul Saints President Mike Veeck, among others, characterized his bid as a $134M total offer because it would include the assumption of $48M in "certain liabilities." However, Weiner wrote that "it appears" that the offer "won't get a serious look" from Twins Owner Carl Pohlad and his family. Pohlad's son, Bob Pohlad: "We've got the agreement with [NC business exec Don] Beaver" (STAR TRIBUNE, 11/22). Columnist Sid Hartman: "Pohlad won't sell the team to Clark Griffith. There isn't any love lost between Pohlad and the Griffith family" (STAR TRIBUNE, 11/23). Twins execs predict "at least" a $3M increase in operating losses for the '98 season in MN should the team agree to move to NC in '99. The team estimates it lost an estimated $8-10M in '97 (ST. PAUL PIONEER PRESS, 11/24). -
ISIAH LEAVES TORONTO WITH SOME ADVICE FOR THE RAPTORS
Isiah Thomas left Toronto Friday with "a sharp warning" for Raptors management, saying the team should "make peace with the Maple Leafs or risk extinction," according to Jim Byers of the TORONTO STAR. Thomas said that the decision to build Air Canada Centre without the Leafs as partners "was a mistake that hobbled the team financially and will have an impact on the club's future." Thomas: "We should have paid the $20 million or $25 million to the NBA (for not starting the building on time), played in the SkyDome and put the money (saved by building a joint arena) into players." Raptors Majority Owner Allan Slaight, who "took a parting shot" when he called Thomas "an interesting piece of work," discussed the arena: "The Air Canada Centre is well- financed. ... There will certainly be money available to go out and get players" (TORONTO STAR, 11/22). CNN/SI's Jackie MacMullan, on Thomas' resignation: "By keeping that 9% [ownership stake], what happened was with the construction of this new arena it was costing him almost a million dollars a month, and Isiah just doesn't have that kind of money" ("This Week in the NBA," CNN, 11/23). MORE FROM ISIAH: Thomas: "I definitely should have investigated my partners more carefully before I came to another country to do business. ... I didn't have enough information of ... Allan Slaight or (former president) John Bitove. The picture that was painted to me was very rosy. ... But I didn't do the proper due diligence" (Bill Harris, TORONTO SUN, 11/22). Thomas' agent Frank Vuono said that it "appeared to us, (the Raptors) were going to fire (Thomas)." Slaight "emphatically" denied that (TORONTO SUN, 11/22). REAX: In Toronto, Chris Young: "Right up till the end, the smoothie Thomas pretty much kept his cool. ... Now it's Slaight's turn to prove that his way is going to work. We're all waiting" (TORONTO STAR, 11/22). Also in Toronto, Ken Fidlin: "The only nugget of hard truth to cling to in all of this is that the Raptors, in their third year of operation, have been dealt a serious setback on the court, in the minds of the ticket-buying public and in the minds of NBA players who might one day have decided to come play here" (TORONTO SUN, 11/22). Also in Toronto, Steve Simmons: "The real question of the Thomas-Allan Slaight trouble is this: Which of the two could you trust?" (SUN, 11/23). -
NFL TEAM NEWS: JERRY SAYS PACKERS SHOULD FOLLOW HIS LEAD
PACKERS: Cowboys Owner Jerry Jones, who has "ruffled feathers among other owners" with his efforts to decentralize NFLP, wants the Packers to "show the same kind of aggressiveness in their marketing scheme that they did in developing an $80 million stock plan," according to Tom Silverstein of the MILWAUKEE JOURNAL SENTINEL. Jones: "The Packers are an example of a team that could take some of the things that I'm an advocate of -- marketing, national marketing -- and really benefit from that because they have a national identity." Silverstein: "The way the Packers see it, they have benefited greatly from revenue-sharing -- perhaps more than any other team ... and they don't want to spit in the face of their benefactor." Packers President Bob Harlan noted the team did hire NY-based National Media Group "to explore national possibilities. ... But we did it within league specifications" (JOURNAL SENTINEL, 11/21). COURT DATES: The new get-tough policy at Philadelphia's Veterans Stadium, which included two municipal judges handing out fines on the spot, yielded twenty arrests "most for disorderly conduct" and individual fines "ranging from" $150-300. Previous home games "typically ended with 60 ejections." One "shackled defendant" yelled, "Howard Stern rules!" as he entered the court (DAILY NEWS, 11/24). BROWNS: A "source inside the NFL" told Tony Grossi of the Cleveland PLAIN-DEALER that there have been "recent discussions" between Cleveland business exec Al Lerner and former Browns QB Bernie Kosar about "combining forces to pursue the Browns expansion team." Neither man could be reached for comment (Cleveland PLAIN-DEALER, 11/23). BEARS: The Bears reported 22,989 no-shows for yesterday's home game against the Bucs (SUN-TIMES, 11/24).




