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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).