Thursday, July 19, 2012

Reuters: Hank Aaron among buyers of Florida Panthers - Houston Business Journal:

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Sports Properties Acquisition Corp. (Amex: or SPAC, a venture that boasta Aaron as a board has reportedly agreed to buythe Panthers; its the BankAtlantic Center; the arena’s management firm and an unnamed source familiar with the deal told Reuters A call to a representative of Aaron’s was not immediatelyu returned. By league rules, the deal must be approved by 75 percenft ofthe NHL's 30 teams. , Atlanta Business Chronicl sister publication, the South Florida Businesx Journal first reported that SunriseSports & Entertainmenrt (SSE), was engaged in negotiation to merge the team, its arena management company and righta to the real estate surrounding the arenaq with SPAC.
Those discussions were said to included aplanned mixed-use development around the Sunrise The scope of the developmengt is reported to be 4,800 residential units; 950,000 square feet of retai l space; 1,450 hotel rooms, 1.85 millionb square feet of offices and a Broadway-style Published reports last August linked SPAC to a bid to buy the Chicago Cubs Major League Basebalo club. The Toronto Star reported the group also has been linkeds to a bid to purchasethe NHL’d Phoenix Coyotes, a team that is currentlyy involved in bankruptcy litigation and is up for SPAC’s board includes Fred Malek, a Chicagok native who is the founder and chairman of Thayer Capital Partners; Tony Tavares, a former baseball executivwe with the Nationals; their predecessor, the Montreal and the then-California Angels; and former New York Gov.
Mario a one-time minor league baseball Asked about the perceived lean toward buying a baseballp team by Atlanta Business Chronicl inJanuary 2008, SPAC Vice Chairma n Andrew Murstein, said SPAC would be “very open-mindex to any of the sports.”

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