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OWN YOUR OWN NFL TEAM: FANS LAUNCH WEB SITE IN BID FOR JETS

          Two Jets fans launched a new Web site yesterday at
     BuytheJets.com "to collect millions of dollars" in a bid to
     buy the team, according to Luke Cyphers of the N.Y. DAILY
     NEWS.  Though Web site co-Founder John Crotty said that the
     move "is not some goof," supporters of the site "concede
     they are a long shot" because NFL rules limit public
     ownership of teams to 25 investors.  The site is "asking"
     200,000 fans to submit an online form "saying they'll each
     chip in a few hundred bucks toward a goal of at least" $180M
     to acquire a controlling interest in the Jets, who could be
     sold for "as much as" $500M.  If there is enough interest
     "to mount a bid" for the team, Crotty said that the group
     "is prepared to challenge" the league's rules in court.  NFL
     VP/Communications Greg Aiello: "While the group's interest
     and enthusiasm is flattering, it's a long shot" (N.Y. DAILY
     NEWS, 8/18).  In N.Y., Richard Wilner reports that the site
     has already "amassed more than" 1,000 names, with an average
     pledge of $500.  Meanwhile, prospective Jets buyers began
     receiving confidentiality agreements from Goldman Sachs &
     Co. to sign "so that later this month they can receive the
     Wall Street book on the team's and the NFL's finances" (N.Y.
     POST, 8/18).  The estate of late Jets Owner Leon Hess "is
     expected to begin accepting bids for the team in a matter of
     weeks" (Oliver & Glauber, NEWSDAY, 8/18).  NFL Commissioner
     Paul Tagliabue: "I'm going to try to get an update this week
     when I meet with [Leon Hess's son] John Hess and get a
     status report of where they are" (N.Y. TIMES, 8/18).  

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