SBD/Issue 57/Franchises

Brewers Agree To Outside Examination Of Financial Records

Brewers Opening The Books
For Milwaukee-Area Execs

The Brewers "have agreed to open their financial records to review by a panel of three prominent Milwaukee business executives," according to Don Walker of the MILWAUKEE JOURNAL SENTINEL, who notes the deal was brokered by team execs, Metropolitan Milwaukee Association of Commerce President Tim Sheehy and other business leaders. Sheehy: "The ballclub has given us full access to any and all financial information that we determine is necessary. We will have access to their board, their auditors and their financial people." The review panel consists of MGIC Investment Corp. President & CEO Curt Culver, Johnson Controls Chair Jim Keyes and A.O. Smith Corp. Chair & CEO Bob O'Toole. Brewers BOD Chair Wendy Selig-Prieb said, "The intent is to be responsible for a broader audience. There's a lot of misinformation out there. We want this to be a constructive and productive process." But Walker reports that "at least 50" state legislators yesterday signed a letter "asking the Brewers to open their books to state review" (MILWAUKEE JOURNAL SENTINEL, 12/4).

SUNSET: Also in Milwaukee, Dan Benson reports the Ozaukee County Board yesterday voted "in support of ending the Miller Park stadium sales tax in 2014." Ozaukee is one of five counties being taxed to fund the construction and maintenance of Miller Park. The resolution aims to "force tighter accounting of how Miller Park sales tax money is spent." Board supervisor Kimberly McCulloch: "I prefer it sunset in 2004 rather than waiting 10 more years. This is a really useless program" (MILWAUKEE JOURNAL SENTINEL, 12/4).

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