OREN BENTON OFF THE ROCK PILE: PART OWNER STEPS DOWN
The Rockies announced Monday that Oren Benton has
stepped down as Vice Chair, ending his association with the
club, according to Tony DeMarco of the DENVER POST.
Negotiations for the purchase of his shares in the club by
Majority Owner Jerry McMorris and Vice Chair Charles Monfort
continue. Benton filed for bankruptcy in February '95,
claiming he was $400M in debt. His shares in the team,
estimated at 23% and worth between $30-40M, "are tied up in
that litigation." McMorris said that Benton's departure
"will not result in a takeover of the principal ownership of
the club by Monfort, a rumor that has been circulating
around the club in recent days." McMorris: "In fact, both
Charlie and I will take on more (of the team), and there
will be no change in our roles" (DENVER POST, 9/30).