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A'S FILE $48M CLAIM OVER LOSS OF FINANCES AT COLISEUM
The A's have "quietly slapped" the city of Oakland and Alameda County with a $48M claim over the renovation of the Coliseum, according to Matier & Ross of the S.F. CHRONICLE. The claim, sent yesterday to lawyers for the city and county, includes 23 demands and "comes at a time when the team's future in Oakland is already in question" following "unsuccessful talks" between team and stadium execs. Among the demands are $12M for "lost ticket sales allegedly caused" by the elimination of bleacher seats, $12M in "lost 'club seat' revenues," $9.5M for "lost ticket, food and merchandising sales" from diamond-level seats that were not built after disputes between the team and contractors, and $5M for "lost 'general attendance'" during the '96 season, which the A's claim was caused by constant renovation. A's execs were unavailable for comment, and Matier & Ross write the case is "certain to fuel speculation about the team's future" in Oakland. Under their lease, the A's have until July 1 to "extend their stay" until 2004 or "exercise a year-to-year clause," which would allow them to "sell or move the team within two years" (S.F. CHRONICLE, 1/22). -
CITY/TEAM OFFICIALS SEE THE AEROS OF THEIR WAYS, INK DEAL
The AA Aeros have signed a lease agreement with the city of Akron that "ends months of bickering between Aeros owner Mike Agganis and city officials," according to Charlene Nevada of the AKRON BEACON JOURNAL. While terms were not released, a tentative deal reported earlier said Agganis would pay the city $1.1M over three years and agree to sell "cheaper bleacher tickets for all games, even if not all of the reserved seats had been sold out." Agganis "got some of what he wanted, including more leverage to put up advertising and permission for auxiliary billboards." Last year, the Indians AA team set an Eastern League attendance record by drawing over 470,000 (BEACON JOURNAL, 1/22). -
FRANCHISE NOTES
Maple Leafs Board member Brian Bellmore said that the Leafs hope to announce a new COO for Maple Leaf Gardens around the end of February (TORONTO SUN, 1/22)....The Packers have sold about one-quarter of the 400,000 shares of common stock, at $200 each, raising an estimated $20M (PHILA. DAILY NEWS, 1/22)....In St. Paul, Charley Walters writes that Roger Headrick, "trying to hang on" as President of the Vikings, "has not only aligned himself" with potential investor Dr. Larry Lemak of Birmingham, AL, "but also is trying to team up with" Flyers and 76ers Chair and potential Vikings investor Ed Snider (PIONEER PRESS, 1/22). -
NASHVILLE CITY COUNCIL SPARS BEFORE APPROVING PREDATORS DEAL
In Nashville, "several" Metro Council members Tuesday night "voiced" concern about the NHL Predators' "slow ticket sales," according to Rob Moritz of the NASHVILLE BANNER. The members "tried to defer" a vote on the $21M bond issue to pay the city's portion of the NHL's $80M franchise fee for the team. Members also tried to "amend the bill to require" that the $21M be "returned to Metro if the team leaves within five years." But Councilmember Eileen Beehan told the group that the deal was approved two years ago, and added, "We made this pledge." Two resolutions appropriating the bonds were then OK'd by a voice vote. The $21M will be in an escrow account and the team "will use the money as collateral to borrow additional money to help pay its share of the franchise fee." If the team doesn't sell the 12,000 season tix mandated by March 31 and does not receive a franchise, the city will get the $21M back (BANNER, 1/21). -
REPORTS OF RAIDERS RETURN TO L.A. CALLED "RUBBISH"
Rumors that the Raiders "are contemplating" a return to L.A. "are groundless -- not to mention ludicrous," according to officials in both L.A. and Alameda County cited by Rick DelVecchio of the S.F. CHRONICLE. L.A. City Councilmember Nate Holden, who said only that he was holding a press conference to discuss pro football in L.A., is being branded "as at best ill-informed and at worst a flake who could land the city in legal trouble for interfering with the Raiders' contract to play in Oakland for the next 13 seasons." L.A. City Councilmember Mark Ridley-Thomas: "On no occasion has [Raiders Owner] Al Davis or the Raiders organization indicated an imminent return to the Los Angeles market" (S.F. CHRONICLE, 1/22). NFL President Neil Austrian called the report "a lot of rubbish and rumor" (L.A. TIMES, 1/22).




