M-I-C- SEE, HEAT SEEKS $$; K-Y- WHY? BECAUSE TEAM NEEDS IT!
Heat Managing General Partner Micky Arison said that he
"expects to take on at least two additional limited partners
to increase the team's capital," according to Barry Jackson
of the MIAMI HERALD. Arison: "We're losing money, and we
have a new arena to finance. The investors will (purchase)
additional units of stock." Sources told Jackson that the
Arison family owns about 85% of the team, with Raanan Katz,
Julio Iglesias, Robert Sturges and Amancio Suarez each
limited partners. Jackson: "Arison declined to identify
potential new investors, but a source said Philadelphia
businessman Sidney Kimmel -- who tried to buy the team in
1993 -- has expressed interest" (MIAMI HERALD, 11/24).