SBD/2/Franchises

EDMONTON: JURY STILL OUT ON NEW OILERS BIDDER, IN TOWN TODAY

          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). 
     
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