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SBD/Issue 204/FranchisesPrint All
Cubs May File For Bankruptcy
To Clear Future Liability
Hearing Slated To Take Place This Week On
Release Of Gretzky's Financial Records
STEPPING ONTO THE ICE: Research Edge LLC Managing Dir Daryl Jones said that his group that is bidding for the Coyotes "sent an application to the NHL on Saturday." Jones said that "from an investment standpoint, 'it's probably worth a look' any time there is only one bidder." He added that his group "internally is looking at a three-year proving time," or perhaps longer. Jones: "We're trying to develop a business plan to make the Phoenix Coyotes viable in Phoenix-Glendale" (ARIZONA REPUBLIC, 7/12).
Garfinkel Would Like To Install New
HD Video Board At Petco Park
Marlins President Hopes Team Sells Out Every
Game During First Season At New Ballpark
PAY IT FORWARD: In Miami, David Neal noted it will cost $2.4B to repay $409M in bonds that will primarily cover the construction of the new ballpark, and "even when figuring you'll be paying with tomorrow's dollars, that's some serious vigorish slapped onto the principle for a municipal deal." Neal: "Isn't this exactly the kind of philosophy, employed by individuals and corporations, that's led to so many being unemployed? It smells worse than a state fair livestock pen in a rainstorm" (MIAMI HERALD, 7/11).
Rays Owner Sternberg Proud Team Ranks
As "Most Affordable" In ESPN Study
NEEDED BOOST: In Phoenix, Nick Piecoro notes more than halfway through the D'Backs' home schedule, "attendance and revenues are down," but team execs said that "action by the club's ownership group earlier this year will prevent the losses from negatively affecting major-league payroll in coming years." D'Backs Managing General Partner Ken Kendrick said that the club raised $50M "in a cash call to team investors earlier this year, a move that he said was designed as a safeguard against the slow economy." The team through Friday was averaging 25,437 fans per game at Chase Field, down 14.8% from the same period last season. D'Backs President & CEO Derrick Hall said that the club's loss in projected revenues this year "could be about equal to" the $10M raised for '09, but it "appears the cash infusion might have helped prevent ownership from asking General Manager Josh Byrnes to slash payroll" (ARIZONA REPUBLIC, 7/13).
Twins Hoping To Land 2014 All-Star Game
At New Target Field
MAKING FANS BLUE: SI.com's Jon Heyman reported the Blue Jays "could still wind up keeping" P Roy Halladay, who has been mentioned in trade rumors. Blue Jays officials have suggested to other teams that they are "concerned about the fan backlash in Toronto, which apparently has been significant enough for them to take note" (SI.com, 7/10).
Warriors President Rowell Denies Reports
Owner Chris Cohan Looking To Sell Team
SUMMER CAMP: In Charlotte, Tom Sorensen wrote Bobcats Managing Member of Basketball Operations Michael Jordan was "hilarious and engaging" at the team's fantasy camp Saturday at Time Warner Cable Arena. Sorensen noted the idea for the fantasy camp "came out of a staff meeting" about how to sell tickets and Jordan. Bobcats President & COO Fred Whitfield: "It's not about sitting Michael in the lobby and just signing autographs. It's about how we can add value to everything we do." Whitfield said that on June 1, before the fantasy camp was announced, premium season-ticket renewals "were down 22[%] from a year ago." Whitfield: "Now we're 5[%] ahead" (CHARLOTTE OBSERVER, 7/12).
RESTRICTED MOVEMENT: In N.Y., Larry Brooks wrote Blackhawks GM Dale Tallon's "blunder in not getting qualifying offers to his restricted free agents in the timely manner mandated" by the NHL's CBA is "likely to mortally wound the Blackhawks next summer." The Blackhawks "will not have enough space to remain intact while accommodating" C Jonathan Toews, RW Patrick Kane and D Duncan Keith. The team "will have to choose between losing one of those three to an offer sheet, or trading Patrick Sharp, Dave Bolland or Brent Seabrook, none a good option" (N.Y. POST, 7/12).