Executive Transactions Herb Kohl Sells Bucks For $550M Rio Increases Budget For '16 Olympics Lexington Mayor Pushing Forward On Rupp Upgrades Judge Denies NFL Concussion Settlement Lakers RSN Ratings Reach New Low Nike, USATF Sign 23-Year Extension Names In The News Purdue Upgrading Ross-Ade Stadium Kohl Praised For Dedication To Milwaukee
Northwest Sports Enterprises Ltd., the public company that owns the Canucks, reported Friday "a dismal financial picture," according to the CANADIAN PRESS. Northwest said that it incurred a loss of C$30,695,585 or C$30.48 per share for the nine months that ended March 31, compared with a loss of C$15,825,263 or C$15.71 per share for the same period last FY. Northwest said that it needs additional financing to cover its FY '98 operating loss. As "an interim measure," the FY '98 operating loss "is being funded by advances" from Orca Bay Holdings (CANADIAN PRESS, 5/29).
SAYONARA NOMO: The Dodgers' decision to designate P Hideo Nomo for assignment means he will be traded, sent down to AAA Albuquerque or become a free agent within 10 days, and Bill Plaschke of the L.A. TIMES writes, "Since Fox purchased the franchise from the O'Malley family this spring, the epitome of patience has already cut loose their two most popular players [Piazza and Nomo] for the same essential reasons: Neither man was committed to playing [in L.A.], and both were causing a visible distraction with their presence" (L.A. TIMES, 6/2). Nomo's agent, Don Nomura: "We had noticed things after the change (in ownership). There was a different environment here. That was obvious, and Hideo wanted to be in a different environment" (L.A. TIMES, 6/2). A Nippon TV commentator, during a Japanese report on Nomo: "Now that Peter O'Malley is gone, the organization has changed --it has become a 'money first' team" (L.A. TIMES, 6/2). OTHER NOTES: Vikings co-Owner Wheelock Whitney on Tom Clancy's failed bid: "[T]he fact of the matter is that we trusted Clancy when he made that bid, and if he didn't have the money, he shouldn't have made the bid in the first place" (ST. PAUL PIONEER PRESS, 6/2)....The investment banker for Marlins President Don Smiley said yesterday that Smiley "will be able to close on his purchase of the team this month," following an 11-month search for investors. Chip Gesner said the deal is "not going to fall through" (Barry Jackson, MIAMI HERALD, 6/2)....Raiders draft pick Leon Bender, who died of unknown causes on Saturday, will count $240,000 against the team's salary cap this season and $960,000 next season. Bender had recently signed a five- year, $3.45M deal, including a $1.2M signing bonus with the team. Under NFL rules, 20% of his prepaid bonus will count against the cap this year, with the remainder counting against the cap next season (Mult., 6/2)....Fox NHL analyst John Davidson, and NHL brothers Scott and Rob Niedermayer, are "said to be prepared" to become co-owners of the WHL Edmonton Ice. Ice Owner Ed Chynoweth will remain a majority partner in the team which could move to British Columbia next season (EDMONTON SUN, 6/2).
Those familiar with talks that took place between Patriots Owner Robert Kraft, NFL Commissioner Paul Tagliabue and CT Gov. John Rowland concerning a new domed stadium in Hartford say the proposal for the 35,000-seat stadium "does not meet league guidelines for a professional facility," according to Tina Cassidy of the BOSTON GLOBE. However, the project "could be changed to accommodate" the Patriots' requirements. A team spokesperson declined comment on the meeting, which Cassidy writes "comes at a politically sensitive time for the Patriots," since the MA legislature will recess July 31, "effectively killing the Foxboro Stadium bills that have stalled on Beacon Hill" (BOSTON GLOBE, 6/2). Rowland termed the meeting a "research project," adding, "We've basically been trying to get as much input as we can across the board, but there's no reason to speculate on any possibility of a team coming to Connecticut." Rowland, on Tagliabue's presence: "We're picking his brain about other possible uses." MA State Senator William Keating (D-Foxboro) said yesterday that if his state takes no action by July 31, "I'm confident we'll see [the Patriots] leave" (HARTFORD COURANT, 6/2). In Hartford, Jeff Jacobs writes that Kraft "must be aware that we refuse to be made pawns in his elaborate chess game to get a stadium built" (HARTFORD COURANT, 6/2).