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Franchises

I KNOW WHAT MANDALAY WANTS TO DO NEXT SUMMER: OWN THE A'S

          A pair of "Hollywood heavyweights" who own several
     minor league sports teams "has taken an interest in the
     [A's] and is the first group to formally request a look at
     the baseball team's books," according to Laura Counts of the
     OAKLAND TRIBUNE.  Mandalay Sports Entertainment Chair and
     former head of Sony Pictures Peter Guber and Vice Chair Paul
     Schaeffer have submitted an application to go through MLB's
     pre-approval process.  Schaeffer: "This opportunity came
     along and we found it to be very interesting.  It's close to
     home, the team is young and it has some terrific young
     stars."  Mandalay Entertainment owns the AAA Las Vegas Stars
     and the A Lake Elsinore (CA) Storm baseball teams, as well
     as the IHL Las Vegas Thunder, and is building a baseball
     stadium in Dayton, OH, for the A Rockford (IL) Reds who are
     moving to OH.  The company has also produced such films as
     "I Know What You Did Last Summer" and "Donnie Brasco." 
     Schaeffer, on whether the A's $120M price tag is reasonable:
     "`Reasonable' depends on what their cash flows are." 
     Schaeffer and Guber "were approached" by Game Plan LLC, the
     MA-based investment firm handling the A's sale.  A's
     President Mike Crowley: "These are pretty good names"
     (OAKLAND TRIBUNE, 2/10).

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