MANY TRIAD INVESTORS SAY THEY WILL BOW OUT OF BEAVER'S GROUP
In light of the defeat of the NC Triad's MLB referendum
earlier this month, a dozen local investors "say they are
withdrawing or are considering bowing out" from NC Major
League Baseball LLC, the ownership group led by Don Beaver,
according to John Nagy of the Greensboro NEWS & RECORD.
Nagy: "That isn't expected to hurt the ownership group,
which likely will open itself to Charlotte-area investors in
the next several months." The "handful" of current major
investors "say they remain behind Beaver," but many of the
smaller investors "are reconsidering." Some, though, say
"they're staying in -- for now, at least." When announced
last year, NCMLB had more than 50 investors and pledges
totaling $75M. The group was split into those holding Class
A membership and having pledged at least $5M, and those
holding Class B membership who had pooled investments
totaling at least $1M (Greensboro NEWS & RECORD, 5/21).
IN CHARLOTTE: Speaking out for the "first time" since
an MLB feasibility study came out this week, NationsBank CEO
Hugh McColl Jr. called in to a radio show Wednesday "to say
that, contrary to some reports, he does believe Charlotte is
ready" for an MLB franchise (CHARLOTTE OBSERVER, 5/22).