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WILD THINGS: TEAM OPENS BOOKS AFTER QUESTIONS ON FINANCES
Published March 20, 1998
Minnesota Wild officials released a partial list of the team's investors and details of its business plan to legislators yesterday, in "an effort to quell suspicions about its financial dealings," according to Brown & Whereatt of the Minneapolis STAR TRIBUNE. The disclosures came after State Senate Majority Leader Roger Moe asked a legislative committee to investigate arrangements between the Wild and the city of St. Paul to see if "the process up to now has been a legally defensible one." Wild CEO Jac Sperling said that he "will meet" with committee members, and the team is "expected" to hold a news conference today "to discuss the documents." Documents released show the team's average ticket for the 2000 season will cost $40, with club seats costing "as much as" $65; by 2004, the average ticket price will be $54.33. Also, the team "has reduced" its projected attendance numbers from 16,650 to 15,770, 83% capacity of the planned arena, and the team is predicting a positive cash flow of "more than" $2M each year (STAR TRIBUNE, 3/20).