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BEAVER COMPLETES KNIGHT MOVES, BUT KEEPS ONE EYE ON TWINS
Published January 8, 1998
Don Beaver completed his purchase of the AAA Charlotte Knights from Hornets Owner George Shinn yesterday, but "his major-league bid faces significant hurdles," according to Dane Huffman of the Raleigh NEWS & OBSERVER. Beaver did sign a letter-of-intent to buy the Twins from Carl Pohlad if funding for a new stadium was not completed by November 30, '97, and while the deadline has passed, the issue "could resurface" when the MN legislature reconvenes in a few weeks. Beaver: "According to our agreement and our letter of intent, those situations are over with. Of course, baseball has the final say-so and can overrule or decide different. So in one sense you've got a contract, and in another sense, you don't" (NEWS & OBSERVER, 1/8). Beaver said he hoped to be able to present a deal to MLB owners in March. He also "insisted" that his organization is "totally focused on the Triad," but added that if a May ballpark referendum failed, Charlotte would be the "only next choice." Beaver: "Raleigh, with its college sports teams and everything going on up there with hockey, seems to be pretty saturated" (Stan Olson, CHARLOTTE OBSERVER, 1/8).