FAMILY GOLF COULD SELL SKATENATION FACILITIES TO RAISE $$

          NY-based Family Golf Centers said it is "unable to make
     debt repayments due in the next eight weeks and is both
     seeking to restructure" its $100M credit facility and
     contemplating asset sales, according to Martin Peers of the
     WALL STREET JOURNAL.  The news sent the company's stock
     "plunging" 69%.  On Friday, Family Golf's shares dropped
     $2.66 to $1.1875 on the NASDAQ.  Family Golf CFO Jeffrey Key
     resigned Wednesday and the company hired Zolfo, Cooper LLC
     to "advise it on a restructuring."  Among the options being
     considered are the sale of the company's "non-golf
     operations and the disposition or closing of nonperforming
     or underperforming assets" (WALL STREET JOURNAL, 8/16). 
     Advest analyst Bret Jordan said one possibility could be the
     sale of the company's SkateNation ice-rink business "just to
     get some near-term cash" (BLOOMBERG/MIAMI HERALD, 8/14).