Menu
Franchises

MURPHY'S LAW: PITTSBURGH MAYOR TO INVESTIGATE PENGUINS

          Pittsburgh Mayor Tom Murphy asked for an investigation
     of Penguins co-Owners Roger Marino and Howard Baldwin to see
     if they "could be charged with crimes for collecting
     amusement taxes but not forwarding the money to the city
     treasury," according to Jon Schmitz of the PITTSBURGH POST-
     GAZETTE.  Murphy revealed his request at a news conference,
     where he said of Marino and Baldwin: "One must question the
     future of the franchise under their ownership."  Penguins
     Interim CEO J. Garvin Warden called the accusations
     "preposterous" (PITTSBURGH POST-GAZETTE, 10/15).  Also in
     Pittsburgh, Suzanne Elliott writes that Murphy said the city
     "will not entertain any additional requests for public
     support" until the Penguins "reaffirm their commitment" to
     stay in Pittsburgh and "satisfy their tax obligation of
     nearly" $1M.  Marino said he "would have loved" to pay the
     amusement tax, but that "it simply became a choice between
     paying the tax and making payroll" (TRIBUNE-REVIEW, 10/15).
          SUIT MOVES FORWARD: In Pittsburgh, Jon Schmitz writes
     that Chief U.S. Bankruptcy Judge Bernard Markovitz granted
     approval for a $2.5M "emergency loan that would allow the
     team to meet its payroll today."  The 60-day loan will come
     from Marino, who will charge the team 8% interest (POST-
     GAZETTE, 10/15).  Judge Markovitz, before he approved the
     terms of the loan: "If anyone thinks these terms are lavish,
     put your money on the table."  SMG attorney Philip Beard, on
     Marino's dual role as lender and owner: "I know of no other
     instance where this has happened" (Pittsburgh TRIBUNE-
     REVIEW, 10/15).  Also in Pittsburgh, Dave Molinari writes
     that NHL Commissioner Gary Bettman was "adamant" about the
     team staying in Pittsburgh: "I don't want anybody to start
     speculating that the team is moving because that's the last
     thing on our mind" (PITTSBURGH POST-GAZETTE, 10/15).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/10/15/Franchises/MURPHYS-LAW-PITTSBURGH-MAYOR-TO-INVESTIGATE-PENGUINS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/10/15/Franchises/MURPHYS-LAW-PITTSBURGH-MAYOR-TO-INVESTIGATE-PENGUINS.aspx

CLOSE