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
LIGHTNING CREDITOR MAY RESTRUCTURE CONTRACT FOR DAVIDSON
Published May 8, 1998
A day after sales talks with the Lightning "appeared to stall," Pistons Owner William Davidson's group "made some inroads Thursday by receiving 'favorable response' from a major creditor perhaps willing to restructure terms of an existing contract," according to Ira Kaufman of the TAMPA TRIBUNE. Pistons President Tom Wilson would not identify the Lightning creditor or discuss details. Besides SunTrust Bank, "major" Lightning creditors include the NY-based Teachers Insurance and Annuity Association, the NHL, Sunshine Network and New York Life Insurance Co. (TAMPA TRIBUNE, 5/8). Accountants for Davidson spent Wednesday studying the Lightning's finances. Pistons VP/PR Matt Dobek: "That (debt) number changes almost daily, and that's what's scary" (Doug Stanley, TAMPA TRIBUNE, 5/7). Attorney Stephen Wayne, who is representing Lightning parent company Kokusai Green, confirmed that Davidson tendered an offer for the team, rights to the Ice Palace and adjacent land along Garrison Channel (Ira Kaufman, TAMPA TRIBUNE, 5/7).