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IN CLARK GRIFFITH'S MIND, TWINS NOT GOING TO CAROLINA
Published November 24, 1997
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).