Printer Friendly
The Free Library
14,709,470 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

CLIPPERS' FINANCES STUDIED : GROUP THAT RUNS ANAHEIM ARENA TAKING A LOOK AT THE BOOKS.


Byline: Scott Wolf Scott Richard Wolf (born June 4, 1968) is an American actor.

Born in Boston, Massachusetts to Steven Wolf and Susan Enowitch, Wolf was raised in West Orange, New Jersey. He graduated in 1986 from West Orange High School.
 Daily News Staff Writer

The Clippers may not yet be ready for a move to Orange County, but Anaheim Arena representatives are becoming intimately familiar with the NBA NBA
abbr.
1. National Basketball Association

2. National Boxing Association

NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (=
 franchise's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets .

Officials for Ogden Entertainment Services, the company that runs Anaheim Arena, have spent this week examining financial records of the Clippers, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 several sources.

Ogden representatives, at least one of whom is an accountant, arrived at the Sports Arena on Monday to review financial statements and projections about how much money the Clippers will make next season. Although the Clippers previously furnished financial documents, Ogden requested conducting its own audit to confirm the information.

The Clippers' acceptance of the audit is viewed by some as a courtesy toward Ogden, since the two sides are no closer to finalizing a deal.

``Just because Ogden comes in, it doesn't mean anything is going to happen,'' said a source close to the situation.

However, the audit could be considered another step toward the Clippers eventual move to Anaheim.

Ogden officials remain pessimistic pes·si·mism  
n.
1. A tendency to stress the negative or unfavorable or to take the gloomiest possible view: "We have seen too much defeatism, too much pessimism, too much of a negative approach" 
 about luring the franchise to Anaheim Arena.

``I don't know Don't know (DK, DKed)

"Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party.
 how anything could get done at this late a date,'' said Brad Mayne, general manager of Anaheim Arena.

Mayne said that basketball locker rooms and offices at the arena are just ``concrete'' rooms and must be upgraded if the Clippers moved into the building. In addition, he continues to book concerts and other events that would create scheduling conflicts.

Even if next season were out of the question, Ogden could be continuing the process to lay the groundwork for a move at a future date.

They have prolonged pro·long  
tr.v. pro·longed, pro·long·ing, pro·longs
1. To lengthen in duration; protract.

2. To lengthen in extent.
 negotiations with the Clippers, because owner Donald Sterling Donald T. Sterling is an American real estate mogul, attorney, and the current owner of the National Basketball Association's Los Angeles Clippers. Sterling acquired the Clippers in 1981 for $12.5 million, and today the team is valued at more than $240 million by Forbes magazine.  has not formally rejected their recent offer to lease the team for $4 million a season.

Ogden would operate the franchise on a 27-year lease, but Sterling would remain owner. Sterling also would have an escape clause after four years.

Disney, which just completed its takeover of the Angels, would be brought in by Ogden to assist in operations or marketing, a source said.

According to Chris Brienza, an NBA spokesperson, there is not an official deadline for the Clippers to inform the league of their intentions. The league has approved a plan for the Clippers to play up to six regular-season games in Anaheim.

``There are no new deadlines,'' Brienza said.

But the lack of a firm announcement by the Clippers has fueled speculation about a possible move.

Clippers employees were informed by upper management that the club would remain at the Sports Arena next season, but the presence of Ogden officials this week demonstrates that negotiations have not been completely shut off.

Of course, no one other than Sterling actually knows where the franchise will end up next season.

Pat Lynch, general manager of the Sports Arena and Coilseum, said he has placed the Clippers on the June 5 Coliseum Coliseum: see Colosseum.  Commission agenda. Lynch said he needs to know by then if the Clippers will return, because of possible scheduling difficulties.

Clippers spokesman Joe Safety could not be reached for comment.
COPYRIGHT 1996 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Sports
Publication:Daily News (Los Angeles, CA)
Date:May 17, 1996
Words:512
Previous Article:CITY TRACK PRELIMS : TAFT CLEARS ANOTHER HURDLE.(Sports)
Next Article:COLLEGE MAY HAVE LOOKED EASIER TO HER.(Sports)
Topics:



Related Articles
STERN DOESN'T PUSH FOR ANAHEIM MOVE.(SPORTS)
CLIPPERS, DEVELOPING ORANGE CRUSH, BEAT SPURS\CLIPPERS 95, SAN ANTONIO 90.(SPORTS)
CLIPPERS EARN WIN IN NEW YORK\CLIPPERS 105, NEW YORK 88.(SPORTS)
PISTONS SURVIVE RALLY AND DEFEAT CLIPPERS.(SPORTS)
CLIPPERS LOOK AT 2 ARENAS : ANAHEIM MIGHT LAND NBA TEAM.(SPORTS)
COLISEUM PANEL MEETS IN EFFORT TO KEEP CLIPPERS IN L.A.(News)
ANAHEIM IS SPURNED BY CLIPPERS : STERLING OPTS TO KEEP NBA CLUB PLAYING IN SPORTS ARENA.(Sports)
CLIPPERS NOTEBOOK : CLIPPERS COOL TO ANAHEIM DEAL STERLING WOULD LEASE TEAM TO COMPANY.(SPORTS)
A SHORT LAUNDRY LIST OF CLIPPERS NECESSITIES : RE-SIGNING WILLIAMS SHOULD BE KEY GOAL.(Sports)
ANAHEIM ARENA LOOKING FOR FULL-TIME HELP.(Sports)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles