Ascent Entertainment Group "extended" Donald Sturm's
deadline to the close of business Monday to "resolve his
dispute" with the city of Denver "over a 25-year guarantee
to keep" the Nuggets and Avalanche in Denver for 25 years,
according to Al Lewis of the ROCKY MOUNTAIN NEWS. Sturm's
attorney Paul Jacobs: "The purpose of this extension is to
have a good faith effort to get this resolved with the city"
(ROCKY MOUNTAIN NEWS, 11/11). N.Y.-based Palestra Capital
President David Brail, whose company invests in Ascent: "The
deal's getting lawyered to death. I think (the mayor's
office) is overly paranoid of Sturm's intentions." Ascent
Entertainment's largest shareholder, Alan Snyder, on the
deal: "This thing is so screwy" (DENVER POST, 11/11). In
Denver, Don Knox writes on Sturm and Denver Mayor Wellington
Webb under the header, "Sturm, Webb Need Pro To Mediate."
Knox: "The latest crisis in Denver sports extends beyond a
natural distrust between two powerful men. It's a clash of
cultures that cries out for professional help. ... One guy's
not accustomed to dealing with politicians and the media.
The other guy's not accustomed to being buffaloed. And
everybody's soooo sensitive" (DENVER POST, 11/11).
DELAYING DECISIONS: Nuggets coach & GM Dan Issel, on
the ownership "uncertainty": "There are probably some things
that we would be doing, or at least there are some things
that we would consider doing, if we knew what the ownership
situation was going to be" (ROCKY MOUNTAIN NEWS, 11/11).
