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EDMONTON: JURY STILL OUT ON NEW OILERS BIDDER, IN TOWN TODAY
Published March 2, 1998
NY-based business exec Michael Largue is in Edmonton today "to decide whether he'll take a run" at the NHL Oilers, according to Jac MacDonald of the EDMONTON JOURNAL. Largue will meet with Mayor Bill Smith and the local group of prospective buyers and also tour Edmonton Coliseum. Largue said Friday that while he is "looking at signing a general partnership agreement" with the local group, he "wants day-to-day responsibility" of the team. MacDonald writes that Largue's financial credentials "are as elusive to Smith as they are to everyone else" and that "[n]obody knows for sure if he has the funds necessary" to buy the club (EDMONTON JOURNAL, 3/2). In Houston, Neil Hohlfeld wrote that Largue and his partner, Lester Mittendorf, a Zurich banker, have $100M "available to invest" in the Oilers, which would cover the purchase price and provide operating capital. Hohlfeld called Largue's desire to have controlling interest a "drawback" (HOUSTON CHRONICLE, 3/1).