SBD/2/Franchises

Print All
  • FLUTIE'S SUCCESS CONTINUES TO PUSH BILLS TOWARD SALES GOAL

              The Bills have sold "an average of 104 sideline club
         seats a day over the past two weeks," leaving them $1.5M shy
         of their $11M sales goal, which would trigger $63.2M in
         state funds for renovations to Bills Stadium, according to
         Leo Roth of the Rochester DEMOCRAT & CHRONICLE.  The Bills
         have sold all but five of their 164 proposed luxury boxes
         and 4,500 of their 6,878 sideline club seats.  Roth: "The
         lease deal seems all but a lock."  Bills Treasurer Jeffrey
         Littmann: "At this pace, we will get it done."  Roth wrote
         that Doug Flutie "Fever and ... wildly popular Tuesday night
         stadium tours" have helped the sales initiative.  Littmann
         said people are "having a ball" on the weekly stadium tours. 
         (Rochester DEMOCRAT & CHRONICLE, 11/1).  The BUFFALO NEWS'
         Gene Warner wrote that almost 300 prospective club-seat
         buyers "flocked" to last week's stadium tour and "bought 188
         club seats on the spot" (BUFFALO NEWS, 11/1).     
               A SHORT STORY: ABC's Jon Frankel profiled Bills QB
         Doug Flutie on Friday's "World News Tonight."  Frankel:
         "'Flutie Flakes' are flying off the shelves. ... Who says
         nice guys finish last?  Score one for the little guys" (ABC,
         10/30).  But Don Imus said he was "sick" of the attention
         toward Flutie: "We're sick of the Flutie Flakes thing, we're
         sick of all of that" ("Imus in the Morning," MSNBC, 11/2).  
    
    

    Print | Tags: ABC, Buffalo Bills, Franchises, Indiana Fever, Walt Disney
  • FRANCHISE NOTES

              The Seahawks have sold 50,000 season tickets this
         season, increasing their base from an all-time low of 31,000
         in '96 (Seahawks)....In Long Beach, Scott French reported
         that the MLS Galaxy, recently acquired by Philip Anschutz,
         will use the NHL Kings, Lakers and Staples Center marketing
         departments, their relationship with Fox Sports and the
         Dodgers to help promote the team.  Galaxy President Tim
         Leiweke: "We're dedicated to making sure the Galaxy is as
         important to the community and as successful as the Dodgers,
         Lakers and Kings" (Long Beach PRESS-TELEGRAM, 11/1)....The
         Columbus, OH, market was profiled by Frank Fitzpatrick of
         the PHILADELPHIA INQUIRER who cited "a rapidly expanding
         university, a growing and increasingly diverse population,
         and a longtime hunger for a professional franchise" as a
         reason it is the newest "sports boom town" (PHILADELPHIA
         INQUIRER, 11/1)....In Pittsburgh, Jan Cerminara of Pool &
         Spa Outlet, which did $2,960.77 worth of work for the
         Penguins: "They had to know they were going to file for
         bankruptcy when they asked us to do the work.  I feel like
         we were scammed" (PITTSBURGH POST-GAZETTE, 10/31). 
         
    

    Print | Tags: AEG, Franchises, Los Angeles Dodgers, Los Angeles Galaxy, Los Angeles Kings, Los Angeles Lakers, News Corp./Fox, Pittsburgh Penguins, Seattle Seahawks, Vulcan Ventures
  • L.A. CITY COUNCIL TO RAIDERS: DON'T COME AROUND HERE NO MORE

              The L.A. City Council voted 10-3 to adopt a resolution
         saying the city "never wants the Raiders or [Owner Al] Davis
         to darken the doorstep of Los Angeles again," according to
         Rick Orlov of the L.A. DAILY NEWS.  But Raiders Dir of
         Football Operations Bruce Allen said that the City Council
         vote "wouldn't play a role" in Davis' decision on the future
         of the team, which won't be made public until after the
         season.  Davis says he holds rights to the L.A. market.  The
         vote "caused some concern on the part" of Council member
         Mark Ridley-Thomas, who is looking to land an NFL expansion
         team for the Coliseum.  Ridley-Thomas and two others voted
         against the measure, "saying it should be studied further." 
         Ridley-Thomas: "We're at a sensitive point, and I am very
         conscious of the downsides of any discussions that talks
         about a specific organization" (L.A. TIMES, 11/1).
    
    

    Print | Tags: Franchises, NFL, Oakland Raiders
  • NBA TEAM NEWS: LOCKOUT LOSSES ALONG THE CUYAHOGA

              The NBA lockout will cost Cleveland and Cuyahoga County
         $378,400 in admission tax and $15.2M in tourism business
         next month, according to local estimates cited by Robert
         Vickers of the Cleveland PLAIN DEALER.  The Convention and
         Visitor's Bureau estimates that each canceled Cavs games
         keeps $1.9M in tourism dollars from being spent in the city. 
         So far, eight Cavs home games have been canceled.  Gateway
         Economic Development Corp. Exec Dir Richard Owens said that
         each game generates about $17,700 of admission tax for the
         city and $29,600 for the county.  A full-season lockout
         would cost the county about $1.6M in lost admission taxes. 
         Cleveland Finance Dir Martin Carmody projects that for each
         month of the lockout, the city will lose about $135,000 --
         $100,000 in admission taxes, $25,000 in parking taxes and
         $10,000 in hotel taxes (Cleveland PLAIN DEALER, 10/31).
              OTHER TEAM NOTES: In MN, Sid Hartman reported that
         despite the lockout, T-Wolves Owner Glen Taylor "has not
         laid off a single person and also gave the employees their
         normal raises" (STAR TRIBUNE, 11/1)....In Portland, Steve
         Brandon noted that the Blazers "have taken steps to appease
         disgruntled Rose Garden suiteholders."  Some suiteholders
         "were upset" that they weren't offered the same policy as
         season-ticket holders -- full refunds at 6% interest for any
         lost games.  But the Blazers notified suiteholders that for
         every home game not played they will receive either a cash
         refund, or credit plus 6% interest, for 1/44th of 50% the
         annual rent.  A "typical refund" for a $65,000-$135,000
         suite "would be close to $1,000 for each game not played" 
         (OREGONIAN, 11/1)....FleetCenter President Richard Kreswick:
         "I talked with other arena managers and all of us feel that
         these games will be made up.  They are not going to walk
         away from all of that money.  None of us have had a policy
         on what we are going to do to repay the luxury box holders. 
         We have to see how it all ends up" (BOSTON GLOBE, 10/31).
    
    

    Print | Tags: Franchises, Minnesota Timberwolves, NBA
  • STRANGE BREW: MORE TALK OF JAYS LEAVING SKYDOME FOR THE EX

              The Blue Jays described their current SkyDome lease as
         "the worst" in MLB and "so onerous" that they are looking
         into "the possibility of playing" the '99 and 2000 seasons
         at Exhibition Stadium, according to Michael Grange of the
         Toronto GLOBE & MAIL.  Allan Chapin, a spokesperson for team
         Owner Interbrew, said that the team has lost C$100M since
         the World Series in '93 and that the team "will not be
         exercising our option to renew our [SkyDome] lease" (Toronto
         GLOBE & MAIL, 10/31).  In Toronto, Gayle MacDonald wrote
         that the Jays moving "could be a fatal blow" for the
         SkyDome, which is "bracing for up to a" C$3.1M loss and
         faces "the arduous task of persuading corporate box holders,
         who pay [C]$100,000 to [C]$250,000 a year, to renew 10-year
         SkyBox leases that expire" next December.  Interbrew's
         threat also comes amid rumors that the SkyDome "may file for
         court protection from its creditors," an accusation a
         SkyDome spokesperson "strenuously denied."  One source said
         that Interbrew is "likely seeking relief" in rent, a share
         in revenue from luxury boxes and lower cost for retail space
         and stadium services (Toronto GLOBE & MAIL, 10/31).  The
         SkyDome has reportedly missed one month's worth of municipal
         tax payments of C$600,000 (TORONTO STAR, 10/31).       
              EX MARKS THE SPOT? Exhibition Place Chair Joe Pantalone
         received a non-refundable C$50,000 check from the team to
         delay demolition of the site, which is set for December 1. 
         The Ex is currently "without a playing surface and ... in
         the process of having its seats removed."  Pantalone said
         that the Jays "would be expected to pay the full cost of
         refurbishing the ballpark" (Toronto GLOBE & MAIL, 10/31).  
    
    

    Print | Tags: Franchises, MLB, Toronto Blue Jays
  • WILL BIDDERS PUT STOCK IN NEW PROPOSAL TO BUY THE REDSKINS?

              The Redskins could be sold in the form of stock to
         "shield the estate [of the late Jack Kent Cooke] from having
         to pay millions in capital gains taxes if the team was sold
         as an asset," according to Thomas Heath of the WASHINGTON
         POST.  A source told Heath that in a stock purchase, the
         estate would sell the stock in Jack Kent Cooke Inc. -- which
         owns the stadium, team and training facility -- without
         "incurring any tax under current estate law," but the buyer
         "cannot depreciate the player contracts," which reduces tax
         benefits.  According to another source, this possibility
         "bothers some prospective buyers," who are "concerned that
         purchasing the team through a stock sale could deprive them
         of significant tax advantages."  A source said that Orioles
         Owner Peter Angelos "will go ahead with a bid if the team is
         sold as an asset, but will decline to participate" if the
         team is sold through stock (WASHINGTON POST, 10/31).  
              ANGELOS EYEING MORE? In Boston, Peter Gammons wrote
         that Angelos has spent two years "courting" Wizards/Capitals
         Owner Abe Pollin, and wants to "put together his own" RSN 
         with the Orioles, Redskins, Capitals and Wizards, "to hammer
         Home Team Sports into the dust" (BOSTON GLOBE, 11/1).
    
    

    Print | Tags: Baltimore Orioles, Franchises, Washington Capitals, Washington Redskins
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug