SBD/2/Franchises

CANUCKS OWNER NORTHWEST SPORTS REPORTS C$30M IN LOSSES

          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).
     
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