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  • DC BUSINESSMAN LIKELY TO ACQUIRE FRISCH'S REDS STAKE

              DC-based entrepreneur Jonathan Ledecky has signed a
         letter of intent to buy one-fifteenth of the Reds from
         Frisch's Restaurants Inc. for $7M, according to Erardi &
         Biank Fasig of the CINCINNATI ENQUIRER.  Frisch's paid $1.6M
         for the stake 15 years ago.  Frisch's Chair Jack Maier said
         that Ledecky is worth an estimated $200M.  Ledecky could not
         be reached for comment.  Jerry Ruyan, a Dir of Frisch's,
         said that Ledecky has been involved in a couple of groups
         that unsuccessfully have tried to acquire MLB teams, but he
         said, "I don't think this is a prelude to him taking over
         (the Reds)" (CINCINNATI ENQUIRER, 8/7).  Under the Reds'
         partnership agreement that runs through '99, "any Reds
         partner," including General Partner Marge Schott, "can
         match" Ledecky's offer and buy Frisch's share.  The deal
         also must be approved by the NL (CINCINNATI POST, 8/7). 
    
    

    Print | Tags: Cincinnati Reds, Franchises, MLB
  • FOUR BROWNS BIDDERS CONFIRM APPLICATION, TWO PLACE $350M BID

              The bidding for the new Browns started yesterday, "with
         some groups saying they would pay more than" $350M,
         according to Zach Schiller of the Cleveland PLAIN DEALER. 
         Four groups said yesterday they had sent in preliminary bids
         for the team, and two of them -- one led by Howard Milstein
         and the other by Thomas Murdough -- said they had bid $350M
         plus.  Indians Owner Richard Jacobs and OH business exec
         Bart Wolstein also confirmed their bids.  There is no set
         deadline to receive bids.  The league will meet on August
         19, where "applicants have been invited to make their cases
         to the 30 NFL owners" (Cleveland PLAIN DEALER, 8/7). 
              POLICY'S DECLARATION: Carmen Policy, asked if other NFL
         owners "are unhappy" he's pursuing the Browns with Al
         Lerner: "I think I have a few enemies in the league.  They'd
         be angry with me if I was saving little old ladies caught in
         the middle of New York City traffic" (CBS SportsLine, 8/6).
    
    

    Print | Tags: Cleveland Browns, Cleveland Indians, Franchises, NFL, SportsLine.com
  • FRANCHISE NOTES

              MLB: A record regular-season crowd is expected at the
         Astrodome tonight for P Randy Johnson's Astros debut.  The
         Dome's record for a regular-season game is 51,526, set
         earlier this season.  The team had already sold 43,000
         tickets as of Wednesday (HOUSTON CHRONICLE, 8/7)....In K.C.,
         Jason Whitlock backs the Hunt-Western Resources group as the
         Royals' future owners: "I'm on Hunt's side because I don't
         think the board has another viable option" (K.C. STAR, 8/7).
              NFL: Former 49ers coach Bill Walsh denied reports that
         he is a possible successor to Carmen Policy.  Walsh: "I just
         wanted to end any speculation about me and the 49ers. ...
         I'm not going to be with them.  I hope to be around whenever
         I'm welcome.  But no more speculation" (S.F. CHRONICLE,
         8/7).....In St. Paul, Charley Walters writes that it still
         appears former Rockets and T-Wolves exec John Thomas "will
         end up in marketing with the Vikings" (PIONEER PRESS, 8/7).
              NBA: In N.Y., Sam Walker writes that while NBA teams
         went on a $250M "spending spree" over the past two years to
         hire big-name coaches, "on average, the teams don't have
         much to show for it."  Suns CEO Jerry Colangelo: "The
         commitment to coaches was getting outrageous.  I think we're
         going to see some high-priced coaches out of work" (WSJ,
         8/7)....In Dallas, Tim Cowlishaw writes that Mavericks Owner
         Ross Perot Jr. "should make himself available or at the very
         least issue his own statement," regarding the alleged sexual
         misconduct charges brought against team President Terdema
         Ussery.  Cowlishaw: "The Mavericks would like the story to
         die, but these things never do" (DALLAS MORNING NEWS, 8/7). 
         
    

    Print | Tags: Dallas Mavericks, Franchises, Houston Astros, Houston Rockets, Kansas City Royals, Minnesota Timberwolves, Minnesota Vikings, MLB, NBA, NFL, Phoenix Suns, San Francisco 49ers, Southwest Sports Group
  • HE'S SHOCKED -- SHOCKED! DAVIS CALLS SUIT "UNCONSCIONABLE"

              Raiders Owner Al Davis called the City of Oakland's
         lawsuit against the team "unconscionable" in an interview
         last night on KTCT-AM, the team's flagship radio station,
         according to the S.F. CHRONICLE.  Davis "covered little new
         ground" in the interview, and "expressed his frustration
         with lagging ticket sales."  Davis: "The Raiders just cannot
         exist without a sold-out stadium and sold-out suites.  I
         just want to be able to compete.  I want to have the
         opportunities they have in Baltimore, Tampa, St. Louis,
         Nashville.  But the first thing we want to do is get Oakland
         officials to make good on this promise to sell out the seats
         and the suites" (Ron Kroichick, S.F. CHRONICLE, 8/7).
    
    

    Print | Tags: Franchises, Oakland Raiders
  • STEP RIGHT UP: NEW PALM BEACH BIDDER ENTERS MARLINS PICTURE

              Palm Beach business exec John Henry "has made an offer
         to purchase the Marlins from Wayne Huizenga," an exec from
         Henry's Boca Raton office said Thursday, according to Barry
         Jackson of the MIAMI HERALD.  David Fry, Henry's investment
         officer, confirmed the offer, but declined further comment. 
         Henry also declined comment.  Henry's offer, "submitted
         recently, is believed to have been" in the $135-140M range 
         -- short of Huizenga's $165M asking price.  The initial
         offer "was rejected," and negotiations "are ongoing, but the
         sides do not appear close to an agreement."  If he buys the
         Marlins, Henry would be required to sell his 1% interest in
         the Yankees.  In other news, Bacardi Martini USA said that
         it has decided not to invest in agent Joe Cubas' group,
         which is considering a bid for the team (MIAMI HERALD, 8/7).
    
    

    Print | Tags: Miami Marlins, Franchises, New York Yankees, YankeeNets
  • WARRIORS' NEW AD AGENCY MAY HAVE TO END TIES WITH NBA KINGS

              The Warriors have retained Runyon Saltzman & Einhorn,
         Sacramento, as their ad agency of record for the '98-99
         season, according to David Scholz of the OAKLAND TRIBUNE. 
         RS&E's experience with the NBA Kings "was a key selling
         point."  RS&E Principal Estelle Saltzman said the firm is
         "hopeful it will turn into a long-term relationship"
         (OAKLAND TRIBUNE, 8/6).  In Sacramento, Eric Young reported
         that the Warriors deal "probably spells the end of Runyon's
         long relationship" with the Kings.  Warriors execs "regarded
         the Kings contract as a conflict of interest and insisted
         Runyon Saltzman work only for them."  Young put the firm's
         deal with the Warriors at around $500,000 (SAC. BEE, 8/6).  
              BLAZING A NEW TRAIL: The Trail Blazers named Borders
         Perrin & Norrander, Portland, their new ad agency (Blazers).
    
    

    Print | Tags: Franchises, Golden State Warriors, Portland Trail Blazers, Sacramento Kings, Vulcan Ventures
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