SBD/23/Franchises

BROCHU SAYS EXPOS OWNERSHIP UNITED; DC GROUPS KEEP EYE TEAM

          Revised financing plans for a new Expos ballpark, which
     include "scenarios based on" tax writeoffs requiring federal
     and provincial approval were reviewed yesterday by the
     team's ownership consortium at its quarterly meeting,
     according to Blair & Ha of the Toronto GLOBE & MAIL.  After
     the meeting, Expos President Claude Brochu "was able to lay
     to rest rumours that his consortium had become fractious in
     part because of unhappiness with his leadership."  Blair &
     Ha report that the "respite came after he agreed to improve
     communications" between himself and consortium members. 
     Brochu said, "All the owners, without question, are standing
     together.  We want this project to succeed."  Brochu said
     that he was "keen" on the plan to sell public shares
     offering tax breaks, but said that it "was too early to
     determine whether the shares would be issued for the stadium
     or for the club" (Toronto GLOBE & MAIL, 7/23).
          A FIXER-UPPER? DC-area developer Douglas Jemal, who 
     announced Tuesday that he is forming an investor group to
     try to bring an MLB team to the area is "well known in real
     estate circles for his success at buying up old buildings
     and renting or selling them at a profit after renovations"
     (WASHINGTON POST, 7/23).  Attorney Robert Leibner, who is
     advising Jemal's group, said "if we're assessing the
     situation in Montreal correctly, that franchise is going to
     become available" (Toronto GLOBE & MAIL, 7/23).

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