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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).




