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Sports Industrialists

STRONACH THE NEW HEAD OF AUSTRIAN SOCCER? YOU CAN BET ON IT

          Magna Int'l Chair FRANK STRONACH was elected President
     of Austria's major professional soccer league "in a move
     that will boost his ambitions to become a major presence" in
     the European sports and entertainment business, according to
     Alan Freeman of the Toronto GLOBE & MAIL.  Stronach
     "promised to invest as much as" US$122M into the league,
     many of whose clubs are "struggling financially." 
     Stronach's interest in the league is believed "to be linked
     with his plan to establish" an Austria-based sports betting
     TV channel (Toronto GLOBE & MAIL, 2/15).

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