Raiders' Davis Eyeing San Antonio As New Home? Bills Receive Three Bids For Team Before Deadline Report: LeBron To Visit Miami For Xmas Game Source: NBA BOG To Move Quickly On Clippers Sale Lakers Introduce Byron Scott As New Coach Redskins Launch New Campaign Defending Moniker Show Tries To Buy Ad In Plain Dealer To Tease LeBron Judge Rules In Favor Of Shelly Sterling Ravens Fans Show Support For Rice At Practice Tales From NFL Training Camp
Upcoming Conferences and Events
M-I-C- SEE, HEAT SEEKS $$; K-Y- WHY? BECAUSE TEAM NEEDS IT!
Published November 25, 1997
Heat Managing General Partner Micky Arison said that he "expects to take on at least two additional limited partners to increase the team's capital," according to Barry Jackson of the MIAMI HERALD. Arison: "We're losing money, and we have a new arena to finance. The investors will (purchase) additional units of stock." Sources told Jackson that the Arison family owns about 85% of the team, with Raanan Katz, Julio Iglesias, Robert Sturges and Amancio Suarez each limited partners. Jackson: "Arison declined to identify potential new investors, but a source said Philadelphia businessman Sidney Kimmel -- who tried to buy the team in 1993 -- has expressed interest" (MIAMI HERALD, 11/24).