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HUIZENGA SAYS PANTHERS SALE TAKING MORE TIME THAN PLANNED
Published November 3, 2000
Boca Resorts Chair Wayne Huizenga told company shareholders yesterday "there has been a lot of activity" regarding the potential sale of the NHL Panthers, but "there have been no offers," according to Patrick Danner of the MIAMI HERALD. Boca Resorts has been trying to sell the club for "nearly a year," as officials believe the team "is a drag on the stock price." Asked why it is taking so long to sell the team, Huizenga said, "First, what's happening in sports today is a little difficult. We have had significant interest. We just have not been able to agree on a price." Danner: "Without elaborating on those difficulties, Huizenga said declining attendance has not been a factor in the failure to find a buyer" (MIAMI HERALD, 11/3). Company officials told Charles Elmore of the PALM BEACH POST that they are talking to a prospective buyer from outside FL and are "willing to be flexible on an asking price that was once" in the $150-175M range. Boca Resorts Vice Chair Rich Rochon, on the $175M asking price: "We're not going to give it away, but we're going to listen to offers below that." Officials "repeated assurances the team would remain" in South FL because of a 30-year lease at the National Car Rental Center. Huizenga said that neither Boca Resorts investor Bill Gates nor former Devils Owner John McMullen are suitors of the team (PALM BEACH POST, 11/3).