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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).




