SBD/28/Franchises

ASCENT ANNUAL MEETING: LYONS AND BARTON REAPPOINTED TO BOARD

          Ascent Entertainment Group held its annual meeting
     Monday, and Ascent Chair & CEO Charlie Lyons said that '97
     "was a year where our strategic investments outweighed our
     disappointments," according to Stephen Keating of the DENVER
     POST.  Lyons and entrepreneur Peter Barton were reappointed
     to three-year terms on the Ascent Board of Directors.  Among
     items at the meeting, Ascent announced that the $160M Pepsi
     Center may be financed, "in large part," by borrowing
     against future revenue streams, including naming rights and
     luxury-suite payments.  Lyons described the 11-71 record of
     the Nuggets as "horrible" and specifically cited the
     "mishandling" of former Nugget Antonio McDyess, who was
     traded to the Suns before the season (DENVER POST, 4/28).

Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug