SBD/22/Franchises

MANY TRIAD INVESTORS SAY THEY WILL BOW OUT OF BEAVER'S GROUP

          In light of the defeat of the NC Triad's MLB referendum
     earlier this month, a dozen local investors "say they are
     withdrawing or are considering bowing out" from NC Major
     League Baseball LLC, the ownership group led by Don Beaver,
     according to John Nagy of the Greensboro NEWS & RECORD. 
     Nagy: "That isn't expected to hurt the ownership group,
     which likely will open itself to Charlotte-area investors in
     the next several months."  The "handful" of current major
     investors "say they remain behind Beaver," but many of the
     smaller investors "are reconsidering."  Some, though, say
     "they're staying in -- for now, at least."  When announced
     last year, NCMLB had more than 50 investors and pledges
     totaling $75M.  The group was split into those holding Class
     A membership and having pledged at least $5M, and those
     holding Class B membership who had pooled investments
     totaling at least $1M (Greensboro NEWS & RECORD, 5/21). 
          IN CHARLOTTE: Speaking out for the "first time" since
     an MLB feasibility study came out this week, NationsBank CEO
     Hugh McColl Jr. called in to a radio show Wednesday "to say
     that, contrary to some reports, he does believe Charlotte is
     ready" for an MLB franchise (CHARLOTTE OBSERVER, 5/22).

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