Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More 'Canes Allowed To Withhold Some Financial Figures TFC Becoming MLS' Premier Franchise? Rockets Hire E-Sports Front Office Exec Orioles To Keep Season-Ticket Prices Flat Blackhawks Reward Fans For Watching At Bars A's Ballpark Talks To Pick Up Pace With New CBA? 76ers Postpone Game Due To Moisture On Court
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).