SBD/13/Leagues Governing Bodies

WILL PHOENIX RISE AGAIN? ABL INVESTOR LOOKS TO RECOUP $6M

          CT-based Phoenix Home Life Mutual Insurance is now "on
     the hook" to the ABL for a $6M bank loan "it may never
     recover," according to Kauffman & Wong of the HARTFORD
     COURANT.  Among the ABL's 1,000 creditors, Phoenix "is
     taking by far the biggest hit" among those who will lose
     money, since it "guaranteed payment of a loan from Fleet
     Bank."  ABL bankruptcy lawyer Michael Lubic said that the
     league "plans its own antitrust suit" against the WNBA, "a
     move that might provide more money for season-ticket holders
     and others."  Lubic said that he could "offer no details" of
     the ABL's legal plans, nor would he identify the defendant
     in the case (HARTFORD COURANT, 1/13).  CT's Commissioner of
     Economic & Community Development James Abromaitis wrote a
     letter Friday to the WNBA urging them to locate a franchise
     in Hartford by "offering the [CT Gov. John Rowland]
     administration's assistance" (HARTFORD COURANT, 1/13).
          ALL-STAR GAME FORMERLY KNOWN AS THE ABL: In San Jose,
     Sheldon Spencer writes that two ABL fans have announced
     plans for a "hoopSalute" game featuring Jennifer Azzi and
     "at least" ten others former ABL players who have
     "tentatively agreed" to participate.  The 1,600-seat De Anza
     College (CA) gym will host the game on January 24. The
     event, not endorsed by the ABL, will pay each player a
     $5,000 appearance fee, and tickets will range in price from
     $50 to $1,500 (SAN JOSE MERCURY NEWS, 1/13).

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