Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More 'Canes Allowed To Withhold Some Financial Figures TFC Becoming MLS' Premier Franchise? Rockets Hire E-Sports Front Office Exec Orioles To Keep Season-Ticket Prices Flat Blackhawks Reward Fans For Watching At Bars A's Ballpark Talks To Pick Up Pace With New CBA? 76ers Postpone Game Due To Moisture On Court
Comcast-Spectacor Sells AHL Phantoms To Brooks Group
Published February 5, 2009
SKATING AWAY: Comcast-Spectacor President & COO Peter Luukko said of the sale, "Emotionally, it's disappointing, but we have to make good, viable business decisions. Every business venture has a viable lifespan and (the team) was becoming less and less viable, and over the next 10 years it was going to require millions of dollars to operate." In Philadelphia, Ed Moran notes the move was "prompted by the planned development of the Wachovia Center area into a shopping and entertainment complex." Luukko said that the team "needed a new home and the immediate Philadelphia, Trenton or Atlantic City area just wouldn't work" (PHILADELPHIA DAILY NEWS, 2/5).