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SMILEY HOLDING "SIGNIFICANT MEETINGS" IN HIS BID FOR MARLINS
Published January 12, 1998
The Marlins' "unsettled ownership situation should be clarified by the end of January," according to Barry Jackson of the MIAMI HERALD. Speaking through a spokesperson, Owner Wayne Huizenga said that Marlins President Don Smiley will have "significant meetings" this month, and then he will decide "whether to abandon efforts to put together an investment group to buy the team." Smiley would not comment, but Jackson wrote that "he is believed to be trying to borrow from banks to help finance the deal." However, NL rules say financing of a sale must have two parts equity to one part debt (Barry Jackson, MIAMI HERALD, 1/11).