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SBD/November 29, 2011/FranchisesPrint All
Jaguars Owner Wayne Weaver in a press conference today said he is selling the team to Flex-N-Gate President Shahid Khan. The two parties signed the deal this morning after gaining the endorsement of NFL Commissioner Roger Goodell, though approval of the sale from the league is still required. Weaver said Khan is committed to keeping the team in Jacksonville despite the fact there is no written agreement. Weaver said, “There’s not a doubt in my mind that this team is going to be in Jacksonville.” Weaver did not give out the terms of the deal, saying, "This was not about money. This was about finding the right partner." Weaver said he had been working on an “exit strategy” for the last few years and said it could come “sooner or later.” Weaver: “It’s a little bittersweet it came as soon as it did.” He noted Khan had previously talked about buying a minority interest in the team, but had been turned down. Khan first talked about buying the team outright earlier this year (JAGUARS.com, 11/29). Khan attempted to buy the Rams last year (THE DAILY).
See Closing Bell today for more on this story.
The Dodgers yesterday in a bankruptcy court filing said that Owner Frank McCourt's agreement with MLB to sell the club by April 30 is being increasingly threatened by FSN’s ongoing opposition to a proposed accelerated sale of the club's cable TV rights. "As Fox knows, any delay in the schedule proposed under the marketing procedures would impair (the Dodgers') ability to obtain the full relief that it seeks," the team said in its filing. The club claims Fox' opposition, now a singular position given the creditors have also backed the proposed rights sale and MLB is a neutral party, is designed "to minimize the value of (the Dodgers') most significant asset by shutting out competing suitors for the post-2012 telecast rights, and pay as little as possible to capture them for itself." Fox, conversely, has asked the court to uphold its current contract with the Dodgers, and has threatened a "colossal" claim of damages if the deal is scuttled and Prime Ticket is eventually shuttered. The bankruptcy court hearing on the rights issue, originally slated for tomorrow in Wilmington, Del., was continued earlier today to Dec. 7. The one-week delay will allow more time to see if mediation efforts that began yesterday lead toward a settlement (Eric Fisher, SportsBusiness Journal). The Dodgers said that damages from selling the media rights "would be minimal, if any." The team argued that even if the current contract "is enforced, nothing in it guarantees that Fox can retain the Dodgers' rights" (LATIMES.com, 11/28).
The NHL Rangers yesterday unveiled their official jersey for the Jan. 2 Bridgestone NHL Winter Classic against the Flyers at Citizens Bank Park. The jersey was designed in conjunction with Reebok and features a retro style that pays tribute to the tradition of the Original 6 franchise. The sweater includes colors from the team's "Heritage Jersey" with a vintage Rangers shield inspired by the original logo for the franchise established in '26 (Rangers). NHL.com's Dave Lozo noted the "logo on the chest of the cream-colored jersey is less square than the current one and more rounded at the bottom." The sleeves "feature a pair of blue stripes surrounding a thicker red stripe." During the unveiling yesterday at Central Park, Rangers LW Brandon Dubinsky described the jersey as "classy," and F Ryan Callahan "also raved about the look." Callahan: "They did a great job" (NHL.com, 11/28). YAHOO SPORTS' Sean Leahy wrote, "It's an interesting look with the modified logo, but the red, white and cream-colored leaves a lot to be desired." Some Winter Classic teams "have used a pretty-straight throwback for the game, while others have gone the altered-throwback look." Leahy: "We would have loved to [watch the Rangers go] simple and sport the threads from the Stanley Cup-era, but of course, they wouldn't sell considering most fans likely have one" (SPORTS.YAHOO.com, 11/28).