Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 20, 1995, Winnipeg, Manitoba Winnipeg free May 1995 a19 Izzy Asper John Loewen Mec executive Hartley Richardson James Richardson and sons Sandy Riley investors group Stuart Murray Domo gasoline William Alchorn Ennis corporation Richard Andison Powell equipment Wayne Pratt Pratt Mcgarry fundraising Mark Chipman Ross Robinson 7 teams expatriates Doug Harvey Jeff Thompson Community Blue ribbon ambassadors Small corporate Bob Kozminski medium corporate Riess Mcangus Large corporate Arni Thorsteinson Lead equity Izzy Asper labor George Sigurdson Mai Anderson i i 114 Jon Thordarson Winnipeg free press Tough talk bruises fans j l Ken gigliota Winnipeg free press men behind the jets upper left moff at lower left Secter from left Marvin and Barry Bill four investors hold the key to jets1 future in Winnipeg Here Are profiles of the investors in 8 hockey the group that owns 64 per cent of the Winnipeg Moffat communications 16 per cent company has two thirds of the share Randy company has the other team has been represented by Bill finance and Moffat invested in the jets 12 years ago to put new Money into a Community Barry 16 per cent a is president of the he and a group of friends purchased the team in february of he has been the jets governor since serving on several including his business interests in the City include a real estate brokerage and management investment real estate and a car he is a director of the health sciences research foundation and an executive with Winnipeg Marvin 16 percent brother of the team prefers to remain in the background in All hockey related he handles family mostly relating to was in the group that purchased the financially troubled jets from the Public in the Winter of Harvey 16 per cent his family women clothing was sold five years he returned to studying Law at the University of he is taking a graduate course at Harvard Law he represents the Legal opinion Barry Shenkarow talks owned a travel City wonders where Hope key players disagree on everything by John Douglas and Paul Samyn staff reporters american investor confident jets will end up in Minneapolis by Allen Short and Jay Weiner Minneapolis Star Minnesota businessman Richard Burke said yester Day he expects the Winni Peg jets to end up in the twin i just cant imagine that every body involved in this wont do their part and wont make this he were proceeding As if the team will be that has always been the but Money could be a problem for Burke and his Steven Gluckstern of they have offered to pay jets owner Barry Shenkarow us for the Burke declined comment when asked if he needs state Aid and said hell work during the weekend to finalize agreements with Shenkarow shocked Winni Eggers yesterday with an announcement that he was again Pur suing the Minneapolis Deal because Manitoba entertainment the Winnipeg group trying to hold on to the had missed the deadline to submit an despite Shenkarow comments there was no discernible movement in the Minnesota Legisla Ture toward Quick action on a finance package to help Burke buy the Doest believe it Israel the Winnipeg Busi Nessman spearheading the Mec of said flatly yesterday he Doest believe Shenkarow has a Deal in and Arne an Early and somewhat battered supporter of Public participation in the jets Pur urged Burke and nil officials yesterday to rally to their own f cause at the Burke apparently would like As much As Mil lion in state but has had Little Contact with legislators who would have to approve a hockey probably in a special ses Sion after the legislature adjourns on while nil officials support the return of professional hockey to provided its at a Down town venue like target Treyve avoided publicly lobbying on burkes behalf because no Pur Chase agreement for the jets has been approved by the leagues Board of weve heard that the Deal apparently is going to go that its getting ready to proceed in Minne nil spokesman Arthur pin Cus if people want a hockey team in now is the time for them to get up and say Burke done Deal by weekend the key players in a Deal to keep the jets in Winnipeg publicly tussle leaving wary Winni Eggers frustrated and very jets president Barry Shenkarow and Israel the Man heading up a Las ditch Effort to keep the National hockey league franchise in dared each other to make the first move in a Public fight that would almost guarantee the team a new Home somewhere South of the too much for some who had dug deep in a week Long fundraising it was All too some were calling a local radio station asking How they could retrieve the Money they had i dont have the optimistic feeling i had at thursday said Tim a 34yearold heavy equipment Ive lost that bit of both sides agreed the prolonged problems were hurting the Public spirit of the adding the Public efforts Over the last week warranted More talks and greater i have to say in exceptionally proud to be a Winnipeg Ger and to have watched the Shenkarow its unbelievable the efforts that have been made by the average person in this province to keep the team we Are not ruling out anything at the present other than that bit of the two sides disagreed about almost everything that had happened Over the last 48 its As if both sides were measuring each other up for a higher Price an offer to the current ownership Calls for the majority shares to be purchased for million and a new publicly funded Arena to be built North of the but with an offer of million us on the Shenkarow seems to be hinting the new Price should be Asper is not about to accept sources say his bargaining stance is toughened by several Asper and the Mec do not think the Minneapolis proposal is very the Public outpouring of support this week has moved Shenkarow and venting or dead serious a1 added pressure on him to come the Deal is structured in a Way that it would give Shenkarow and the other current owners tax concessions and an equity making the after tax value More attractive than the but Shenkarow position is that he has an agreement to sell the team to two not tied to any the team could be moved to Minneapolis or cities want an nil Shenkarow told reporters that he will begin negotiating an agreement with the two american investors and that while the latest Winnipeg offer is on the it is this he characterized the plan As subject to Many conditions and has Many Shenkarow added the plan simply has not raised enough Money to make it the latest plan called for the private sector to raise million to Purchase the majority shares and establish a Pool to fund future Eppinga teaming Winnipeg is a very difficult Shenkarow at the present time there is a shortage of what we believe is required to keep the team excess of but Mark who headed up fundraising efforts for the said the real shortfall is about million and that there is a firm plan and several proposals that should get the private sector contribution to weve got More than million in he that does not include the Pool from the Sale of luxury seats and licensing the shortfall will be we have the Shenkarow said he was never told an offer was coming from Asper and the Manitoba entertainment Complex before thursdays officials from the Mec said not Only was Shenkarow but an offer was faxed to his lawyers Early that our lawyers sent a full outline of the offer to his lawyers to make sure we had everything covered Mec spokesman Cam Osier we sent it off before 9 and the reply came Back that the answer k was ;