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Finance

GRASS IS ALWAYS GREENER: FLEER/SKYBOX SOLD TO FAMILY

          Both SPORTS COLLECTORS DIGEST and BECKETT INSIDER are
     reporting that Fleer/SkyBox has been sold to the father-son
     tandem of Alex and Roger Grass.  BECKETT reports that Marvel
     announced that it entered into a definitive agreement for
     the sale of Fleer/SkyBox for a purchase price of $26M in
     cash to the "newly formed private company" called Golden
     Cards.  Roger Grass: "We met with the management team and
     were impressed with what they were doing and have been doing
     over [the] past two years, excluding the bankruptcy, and we
     felt these guys could continue to run the business
     profitably."  He said that he "expects no immediate changes
     to Fleer/SkyBox's personnel" and that he hopes the deal
     closes in the next couple of weeks (BECKETT INSIDER, 2/1). 
     SPORTS COLLECTORS DIGEST reports that Fleer/SkyBox will
     continue to operate under a three-person management
     committee: Bill Bordegon in Marketing & Sales; Oscar Hauer
     in Manufacturing and Chris Tobia in Finance (SCD, 2/2). 

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