SBD/Issue 82/Franchises

Father Of Panthers Captain Discloses Interest In Buying Team

Former CBC "HNIC" Producer Ralph Mellanby "has helped organize a group of investors that may buy" the NHL Panthers (see THE DAILY, 1/17), according to Charles Elmore of the PALM BEACH POST, who notes that Mellanby is the father of Panthers captain Scott Mellanby. The elder Mellanby, on negotiations with the team: "We've been working on it for about three weeks. (Team President) Bill Torrey and I are old friends. He put us on to the Boca Resorts people. Yes, we're interested. I can't say much more because of confidentiality agreements." Torrey said that he will "report the group's interest to" Boca Resorts Chair & Panthers Owner Wayne Huizenga today. Elmore notes that the team's asking price, previously estimated at $150-175M, "is believed to have dropped" to $140M "or lower." Mellanby "will recommend the group keep" Torrey as President. The group is "also said to be considering other purchases, including an Internet company and a wireless firm." Mellanby "declined to say whether any among the group have experience with sports ownership" (PALM BEACH POST, 1/18).

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