SBD/30/Franchises

Print All
  • IS TAGLIABUE READY TO STEP IN AND MEDIATE 49ERS DISPUTE?

              Talks are under way that could bring 49ers Owners Eddie
         DeBartolo and Denise DeBartolo York to New York to meet with
         NFL Commissioner Paul Tagliabue to settle a dispute
         regarding ownership of the 49ers, according to Clark Judge
         of the SAN JOSE MERCURY NEWS.  NFL VP/Communications Greg
         Aiello: "It's under discussion" (S.J. MERCURY NEWS, 1/30).
              THE MONEY PIT? In S.F., Matier & Ross report, "It's not
         just Eddie DeBartolo's legal problems that have driven his
         family up the wall -- it's his free-spending lifestyle and
         money-draining expeditions."  Sources close to the
         DeBartolos said Eddie "has burned up roughly" $75M of the
         "family fortune on gaming, restaurants and other business
         ventures -- with little to show from it except a possible
         indictment" in LA.  A source adds that DeBartolo "personally
         owes" Denise DeBartolo York "more than" $50M, "a sore spot
         that is helping fuel family tensions and casting doubts over
         the fate of the football franchise itself."  Sources add
         that a "big part of Eddie's money woes came when he began
         pursuing his casino and cardroom interests.  DeBartolo has
         put sizable money into campaigns aimed at winning approval
         for his various gaming ventures -- none of which have gotten
         off the ground."  DeBartolo York "appears to be in no mood
         to spend another dime of family money on a new stadium or
         any of her brother's dreams" (S.F. CHRONICLE, 1/30).
    
    

    Print | Tags: Franchises, NFL, San Francisco 49ers
  • OH CANADA! BLUE JAYS LOSING MONEY JUST BY LIVING UP NORTH

              The Blue Jays "lost an estimated" C$30M in '97, and
         Larry Millson of the Toronto GLOBE & MAIL writes that "it
         had more to do with the falling Canadian dollar than their
         losing record and stagnant attendance."  About C$20M of the
         losses "can be attributed to the difference between the U.S.
         and Canadian dollars."  While the Jays do not reveal their
         losses or profits publicly, they "do acknowledge" that the
         "weak" Canadian dollar "hurts their bottom line."  Millson:
         "The problem is that most of the Blue Jays' expenses are
         paid in U.S. money, including a player payroll that is about
         $50 million (U.S.), and most of their revenue is in Canadian
         dollars" (Larry Millson, Toronto GLOBE & MAIL, 1/30).
    
    

    Print | Tags: Franchises, Toronto Blue Jays
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug