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Leagues and Governing Bodies

MLB OFFICE INVESTIGATING HICKS' CLEAR CHANNEL/SFX ROLE

          MLB's Commissioner's office is "looking into a
     potential conflict that would arise with a pair of pending
     acquisitions" of SFX Entertainment and AMFM Inc. by Clear
     Channel Communications, according to Murray Chass of the
     N.Y. TIMES, who wrote that the "conflict centers on ... the
     role" of Rangers/Stars Owner and Clear Channel Vice Chair
     Tom Hicks.  With the deal for SFX Sports, Clear Channel
     would represent MLB players, "including about half a dozen"
     from Hicks' teams.  An MLB official, on Hicks' association:
     "We have some concerns about it."  But Hicks said, "I can
     see the potential for conflict, but we'll set it up where
     there is no conflict."   Hicks said that the "agent part" of
     Clear Channel's business would represent "about" 1% of the
     company's total business, or about $25M out of $2.4B. 
     Hicks: "I talked to [NHL Commissioner] Gary Bettman the
     other day and I said, if need be I'd recuse myself from any
     board actions relating to that 1 percent line of business." 
     Hicks said that he would "pledge" not to have any day-to-day
     operations of the sports agency, though he hadn't "spoken to
     anyone" in the commissioner's office (N.Y. TIMES, 3/12).


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