LEAFS/RAPTORS OWNERS MUST PAY C$1.6M TO SHAREHOLDERS IN SUIT

          Maple Leaf Sports & Entertainment Ltd. will pay C$1.6M
     after "after the company and three directors admitted
     yesterday they should have given shareholders more
     information in a controversial 1994 takeover," according to
     Tony Van Alphen of the TORONTO STAR.  Ontario's Securities
     Commission (OSC) approved a settlement in which MLSE will
     pay the money "to resolve allegations" against the company
     and directors Steve Stavro, Brian Bellmore and Donald Crump
     regarding their actions in the takeover of Maple Leaf
     Gardens Ltd. five years ago.  MLSE will pay C$1.1M in four
     installments to the OSC "which will direct the money for the
     benefit of investors into such things as education
     programs."  The company will pay the remaining C$500,000 to
     cover the costs of the OSC investigation (TORONTO STAR,
     3/30).  MLG shareholders were already compensated in a
     class-action suit, receiving C$49.50 a share, instead of
     C$34 offered in '94 (Maryanna Lewyckyj, TORONTO SUN, 3/30).