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RAPTORS-MAPLE LEAFS ARENA DEAL REPORTEDLY ON THE SLAIGHT
Published December 1, 1997
Sources close to Maple Leafs Owner Steve Stavro say
that he "realizes ... that a partnership with the Raptors on
a single arena is the best way" for his team to proceed, but
that his "personal dislike" for Raptors Owner Allan Slaight
is a "considerable obstacle," according to Shoalts & Grange
of the Toronto GLOBE & MAIL. Shoalts & Grange added that
Stavro "wants any partnership to be formed on his terms,"
and at present believes that he can "wait out" Slaight, and
when the Raptors Owner "tires of the expense" of building an
arena and maintaining his team, Stavro can "step in to buy
majority control of the Raptors and the arena for a relative
song." Another "scenario put forward" has Slaight selling
control of the Raptors to MLG Minority Partner Larry
Tanenbaum and selling the Air Canada Centre to a "new
company that would jointly be owned by the Leafs and
Raptors" (Toronto GLOBE & MAIL, 11/29). Raptors President
Richard Peddie "didn't rule out the Leafs coming into" the
Air Canada Centre "at some future date," but he and Slaight
"denied" that any talks were ongoing between the two
franchises (Chris Young, TORONTO STAR, 11/28).




