SBD/Issue 43/Franchises

Franchise Notes

Heat Owner Micky Arison Insists He
Has No Interest In Selling The Team
Heat Owner Micky Arison "insists he has no interest in selling the team despite sustaining millions in annual losses." Arison: "No question this is going to be a tough year for the franchise. It's about trying to lose less money. We've never made money here. We're trying to create a climate of fiscal discipline like every other business." Arison, who serves as Chair of Carnival Cruise Lines, also estimated that he has seen as much as a $200M "reduction in operating costs" for that business (MIAMI HERALD, 11/11). In Ft. Lauderdale, Ira Winderman notes Arison "stressed the plan now is to eventually hand over the team to his son," Heat VP/Basketball Operations Nick Arison. Micky Arison: "I thought it was a great asset to keep for my family." He added, "We're in good shape with sponsorship, surprisingly good shape, but really struggling with ticket sales, and I think that's the situation all over the country, with some exceptions" (South Florida SUN-SENTINEL, 11/11).

OFFSEASON UNCERTAINTY: In Ft. Worth, Jeff Wilson writes a potential sale of the MLB Rangers and the "prospect of having a new owner in place this off-season might affect how effectively the Rangers are able to fill out their 2010 wish list" this offseason. Final bids for the team from three potential owners are "due this month," but a transfer of ownership from Hicks Sports Group "might not be completed until January." Still, Rangers GM Jon Daniels yesterday said that the team "will be conducting business as it has in the past" (FT. WORTH STAR-TELEGRAM, 11/11).

RENEWAL RATE: In San Diego, Bill Center reports the Padres "recorded a season-ticket milestone Tuesday when the renewal rate hit" 56%, which "tops last year's total renewal rate" of 55%. Padres President & COO Tom Garfinkel: "We are on track to sell more new season tickets by the end of this month than we did the entire 2009 season." Garfinkel "credits the upsurge in sales to the Padres' late-season performance as well as reduced prices for many season-ticket sections" (SAN DIEGO UNION-TRIBUNE, 11/11).

OWNER'S MANUAL: CFL Commissioner Mark Cohon said he is looking to "resolve in short order" the CFL Toronto Argonauts' ownership issue. Argonauts co-Owners David Cynamon and Howard Sokolowski last month said that they "were mulling over selling the team." While "insisting they'd rather keep the team, they also said they'd require the league's help to do that, likely in the form of some revenue-sharing deal among the CFL's eight teams." Cohon yesterday said that is "certainly something up for discussion among the other owners." But he said that a "final deal on that is likely a ways off" (TORONTO STAR, 11/11).

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