Word: owner
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Dates: during 1980-1989
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Many minor-league owners are major-league businessmen. The Buffalo Bisons are owned by Robert Rich Jr., president of the Rich Products frozen-food conglomerate, whose family is worth an estimated $450 million. Winston Cox, chief executive of the Showtime cable television network, is a principal owner of the San Jose Giants. The bush leagues have also attracted big-name investors. Among them: Singer Pia Zadora, an owner of the Portland Beavers of Oregon; Actor Mark Harmon, who has an interest in California's San Bernardino Spirit; and George Brett, the Kansas City Royals player, who is part owner...
Some of the stunts are crazier than anything the Phillie Phanatic would ever do. The Everett Giants of Washington have featured such carnival acts as fire eaters and Captain Dynamite, who seems to blow himself up. "The bizarre works fairly well for us," says Giants Owner Bob Bavasi. So do more orthodox gimmicks. The Louisville Redbirds brought in the Beach Boys for a postgame concert at a cost of $100,000. The game drew 22,000 fans to the stadium, three times the norm, while concessions took in $100,000, about four times the usual sales. At the final home...
Some veteran bush-leaguers are concerned that people are paying far too much for minor-league franchises. "It's a rich man's game now," says Harry Steve, general manager of the San Jose Giants. Adds El Paso Diablos Owner Jim Paul: "I keep saying prices are going to hit a limit, although they don't." Like gold at $800 an oz. and stocks when the Dow hit 2700, the value of minor- league clubs could be due for a tumble...
...most of the new owners are not in the game just for the money. Eric Margenau bought into Indiana's South Bend White Sox last year, soon after his son Max was born. Says he: "I had visions of sitting in the front row, watching a game, me and my boy." The priceless pleasures of the ball park also attracted Craig Stein, a real estate developer who is an owner of the Reading Phillies of Pennsylvania and the Memphis Chicks. Says he: "Nobody likes development. You're the bad guy. In baseball, at the end of the night...
...attention of landbound polluters. Under Administrator Mike Deland, the EPA's New England office has acquired a reputation for tough pursuit of violators. In November 1986 the agency filed criminal charges against a Providence boatbuilder for dumping PCBs into Narragansett Bay. The company was fined $600,000 and its owner $75,000; he was put on probation for five years...