FLORIDA PANTHERS HOLDINGS RELEASES ANNUAL REPORT
FL Panthers Holdings Chair Wayne Huizenga and other
investors "have filed to register 18 million shares of stock
in the company," according to Cindy Krischer Goodman of the
MIAMI HERALD. The registration permits Huizenga and friends
"to sell the shares on the open market at any time."
Huizenga spokesperson Stan Smith said that Huizenga has "no
immediate plans to sell the stock." Huizenga controls 6
million of the 18 million shares. The company reported a
net loss of $10M for the year ended in June, compared with a
net loss of $25M in '96. The team recorded an increase in
ticket revenue of $13.7M and a $1.4M increase in TV and
radio advertising. Costs rose $18.7M, "mostly" due to
player salaries (MIAMI HERALD, 10/15).