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Attention News Sports Editors: NEW NORTHWEST ENTERTAINMENT GROUP PARTNERSHIP FORMED FOR NHL'S CANUCKS, NBA'S GRIZZLIES AND GENERAL MOTORS PLACE ...Arthur R. Griffiths of Vancouver to serve as Chairman, CEO and Governor with John E. McCaw, Jr. of Seattle as Vice-Chairman

VANCOUVER, March 7/CNW-PRN/ - Arthur R. Griffiths of Vancouver and John E. McCaw, Jr. of Seattle today formed the Northwest Entertainment Group in a new working partnership into which they have contributed their controlling interests in the Vancouver Canucks of the National Hockey League as well as their 100 per cent interest in each of the expansion franchise Vancouver Grizzlies of the National Basketball Association and General Motors Place, the new state-of-the-art downtown Vancouver arena scheduled to open in September of 1995.

The partnership makes Northwest Entertainment the largest sports and entertainment company of its kind in Canada and one of the largest in North America.

``The combination of the Vancouver Canucks, General Motors Place and our new Vancouver Grizzlies NBA expansion franchise creates tremendous synergy and excitement, along with great opportunity for Vancouver and the entire Pacific Northwest,'' said Griffiths, who will serve as Chairman and Chief Executive Officer of the Northwest partnership and will continue in his role as Governor of the NHL and NBA franchises.

``Our mission is to provide world-class professional sports, entertainment and special events for sports fans and entertainment consumers across Canada and throughout North America,'' explained Griffiths. ``My partnership with John and Bruce McCaw, and John's further capital commitment, will allow us to avoid the need to bring in outside partners and will position Northwest for substantial growth.''

John McCaw, a long-time associate of Griffiths who helped to spearhead the confirmation of Vancouver's NBA franchise 10 months ago, will assume majority financial interest and serve as Vice-Chairman of Northwest Entertainment.

Northwest Entertainment is presently pursuing the NBA expansion start-up, the opening of General Motors Place this fall and special business opportunities such as the proposed PGA Tour event that is tentatively scheduled as the Greater Vancouver Open in August of 1996, along with the 1999 NBA All-Star Game which the Vancouver Grizzlies wish to host. Northwest Entertainment will also encompass merchandising and broadcast divisions.

Michael Korenberg of Vancouver, who has been associated with Griffiths and the Grizzlies from their establishment, will act as Deputy Chairman and Chief Operating Officer of Northwest Entertainment and as Alternate Governor for the Canucks and Grizzlies.

In addition to Griffiths, Korenberg, McCaw and Executive Vice-President Stanley McCammon, Northwest Entertainment s new core executive is rounded out by: Pat Quinn, President and General Manager of the Canucks; Stu Jackson, Vice-President of Basketball Operations and General Manager of the Grizzlies; Tom Anselmi, Vice- President and General Manager of General Motors Place; and Tod Leiweke, Executive Vice-President of Business. Quinn, who has headed up the Canucks since 1987, has signed a new five-year contract extension.

``I am very proud of the human and financial resources we have assembled here in Vancouver to make this dream a reality,'' said Griffiths. ``Now, we can turn to the ambitious tasks at hand; namely developing General Motors Place into one of the most exciting projects of its kind in the world, building championship teams in the NHL and NBA and attracting other world-class events and sports properties to Vancouver and the Pacific Northwest.''

At present, Northwest Entertainment is comprised of 140 full-time employees. An additional 400 part-time positions are to be created with the opening of General Motors Place in September, not including jobs created in related industries such as hotels, restaurants and transportation.
 -0- 03/07/95 R

/For further information: Tom Mayenknecht, NAC Vice-President, Communications, Public Relations (604) 681-2280/

CO: Northwest Arena Corporation ST: British Columbia IN: SU:

JC -- NYVA003 -- 4703 03/07/95 19:00 EST
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Publication:PR Newswire
Date:Mar 7, 1995

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