Franchises

L.A. INVESTOR GROUP HOT ON THE HEELS OF THE POSSE

12.20.1994

     A L.A.-based consortium headed by former Washington State
football player Philip Johnson and former San Diego State
assistant coach Ron Sims has put down a $100,000 deposit to buy
3.125M newly-issued common shares of the CFL Las Vegas Posse at
$.80 apiece.  That would give the group 54% ownership of the
team.  CFL Commissioner Larry Smith:  "They have filed a letter
of intent.  We hope to have it done by mid-January."  The group
wants the team play at the L.A. Coliseum (Rick Matsumoto, TORONTO
STAR, 12/20).

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