Friday, July 16, 2004

Portland Tribune: Ownership race for [AAA] Beavers continues

The Portland Tribune
Issue date: Fri, Jul 16, 2004

Ron Moore, a certified public accountant in Memphis whose group struck out last month in its bid to buy the Portland Beavers, hopes to get back in the running. But he may have lost his chance.

Another group, represented by the New York firm of Herzfeld & Rubin, has taken the lead in negotiations with the Pacific Coast League.

That group already has put down about $1 million for exclusive negotiating rights and has been trying to secure equity toward purchase, the Tribune has learned.

And Art Savage, owner of the PCL’s Sacramento River Cats and ally of PCL President Branch Rickey III, has been doing due diligence on the Beavers for the prospective buyers.

Read the entire article here on the Portland Tribune website.