Menu
Facilities Venues

PRIMEX SHAREHOLDER GROWLING AT GRIZZLIES NEW OWNERS

     This morning's VANCOUVER SUN reports the Griffiths/ McCaw
group now owns the C$163M "GM Place," set to open in September
'95, which will house the group's NBA expansion franchise, the
Grizzlies.  The Griffiths/McCaw group bought the complex by
purchasing remaining shares of Northwest Arena Corp for
C$100/share.  But Primex Investments President Art Rennison is
resisting the share transfer, as he said he wants "proportionate
ownership" for his 10% of Northwest Arena Corp.  Rennison is
accusing Arthur Griffiths of "co-opting the arena and the
basketball franchise from Northwest shareholders."  Rennison also
said Primex's lawyers are sending a letter to Northwest's parent
company, Northwest Sports Enterprises, asking them to recover the
team and arena.  If the letter fails, Rennison said he will go
British Columbia Supreme Court to "order them to recover the
assets."  Griffiths has said he is negotiating with some new
investors who the NBA has asked him not to identify (David
Baines, VANCOUVER SUN, 9/15).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1994/09/15/Facilities-Venues/PRIMEX-SHAREHOLDER-GROWLING-AT-GRIZZLIES-NEW-OWNERS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1994/09/15/Facilities-Venues/PRIMEX-SHAREHOLDER-GROWLING-AT-GRIZZLIES-NEW-OWNERS.aspx

CLOSE