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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (1475)1/18/2008 11:53:07 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
The Sports Properties management team (from the prospectus):

Tony Tavares, President and Chief Executive Officer, is the former CEO and President of SMG, a premier management company engaged in the private management of stadiums, arenas, theaters and convention facilities in the U.S., Europe and Pacific Rim. He has served as president of several Major League Baseball franchises, most recently the Montreal Expos and Washington Nationals. Mr. Tavares, who was personally selected by Major League Baseball, successfully relocated the Expos to Washington, DC, implemented management changes, personnel restructuring, and facilities improvements. He subsequently sold the franchise for $450 million, creating incremental value of over $325 million. Mr. Tavares previously served as the President and CEO of Disney Sports Enterprises, successfully launching and operating the Mighty Ducks of Anaheim, an NHL expansion franchise, and leading negotiations for the acquisition of the California Angels.

Jack Kemp, Chairman, was the Republican Vice Presidential candidate in 1996. He played 13 years as a quarterback in the American Football League and National Football League, followed by election to the United States House of Representatives for 18 years before serving as Secretary of Housing and Urban Development (“HUD”) from 1989 to 1993. Mr. Kemp currently serves on the boards of Six Flags, Inc., Oracle Corp. and Hawk Corp.

Andrew Murstein, Vice Chairman and Secretary, has served as the President and a director of Medallion Financial Corp., a publicly traded investment company, since its founding and IPO in 1996. He is also one of its largest stockholders. Under Mr. Murstein’s guidance, Medallion has acquired several companies and invested over $3 billion in various companies and industries.

Richard Mack, Director, is a senior partner at Apollo Real Estate Advisors, one of the largest private equity and real estate funds in the U.S. with over $8 billion invested globally.

Henry Aaron, Director, has an unmatched reputation as one of the world’s most respected sports ambassadors. A member of Major League Baseball’s Hall of Fame, he held the title of Major League Baseball’s all-time leader in home runs for 33 years and currently is the all-time leader in total bases and RBIs. He is currently an executive with the Atlanta Braves and a recipient of the Presidential Medal of Honor, which was bestowed on him by President George W. Bush.

Mario Cuomo, Director, is a former three-term Governor of the State of New York. He has extensive relationships within and working knowledge of government and public / private partnerships, and as Governor oversaw annual state budgets in excess of $10 billion.

Randel Vataha, Advisor, is a former Stanford football player and NFL wide receiver. He is also a former USFL team owner, and, together with Robert Caporale, has owned and operated Game Plan LLC, or Game Plan, the first and oldest sports only investment bank in the U.S. since 1995. Game Plan provides consulting, financial advisory and investment banking services with respect to acquisition, sale and financing transactions in the sports industry. He has personally been involved in more than 100 sports-related transactions including transactions involving teams such as the Boston Celtics, L.A. Dodgers, and Montreal Canadiens, arenas such as the Ford Center, representation and marketing firms such as Bob Woolf Associates and Kelly Management in their sale to Octagon and as an advisor to numerous minor league transactions such as Mandalay Baseball Holdings in connection with the sale of an equity interest to Seaport Capital Partners II, L.P.

Robert Caporale, Advisor, is a former sports and entertainment law attorney who has represented a number of professional sports leagues and franchises. He is also a former USFL team owner, and, together with Mr. Vataha, has owned and operated Game Plan since 1995.



To: Glenn Petersen who wrote (1475)2/10/2008 10:57:28 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
On January 27, 2008, the underwriter for Sports Properties Acquisition Corp. exercised a portion of its over-allotment option and purchased an additional 1,556,300 units at $10.00 per unit. A total of 21,556,300 units were sold to the public. The gross proceeds raised in the IPO were $215,563,000.

The balance placed into the trust account was $215,144,744, equal to $9.98 per share. This balance includes approximately $9,296,154 of commissions deferred by the underwriter and $6,000,000 that was raised through the sale of warrants and units to certain of the insiders. In the event that the company is liquidated, neither the underwriter nor the insiders purchasing the warrants will receive any of the funds placed in the escrow account.

sec.gov



To: Glenn Petersen who wrote (1475)7/18/2008 8:48:59 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
Sports Properties Acquisition (stock symbol: [t]HMR[/t]) is one of seven groups to out a bid in for the Cubs.

Cubs sale deadline passes; bidder for Wrigley Field emerges

By Ameet Sachdev

Tribune reporter

6:20 PM CDT, July 18, 2008

At least seven groups submitted opening bids for the Chicago Cubs and its historic ballpark as the deadline passed Friday for proposals to buy one of professional sports' iconic franchises.

The Tribune learned Friday that a Chicago real-estate firm has made an offer to buy Wrigley Field separately, because the Tribune Co.'s auction of the Cubs also includes an unconventional plan to sell the ballpark separately. The company, which also owns the Chicago Tribune, sees the potential for reaping more for the team and stadium if they are sold separately.

Richard Kaplan, president of Chicago-based Syndicated Equities Corp., said Friday that he could not resist making a bid for what he said is one of the world's most recognizable landmarks. Syndicated Equities specializes in buying properties such as shopping centers and hotels and selling shares to investors.

But the idea of a separate sale of Wrigley Field raises questions about whether such a deal is financially feasible, and who would control revenues generated from the ballpark.

"From a team owner's point of view, it's obviously better for everything to be in one package," said William Marovitz, a Chicago real estate developer who said he is part of a bidding group led by Rocco Landesman, a Broadway Theater owner. "Then you don't have to deal with a landlord."

In addition to Landesman, sources said the bidders include:

John Canning, chairman of Chicago-based private-equity firm Madison Dearborn Partners.

Mark Cuban, Internet billionaire and owner of the National Basketball Association's Dallas Mavericks.

Don Levin, Chicago businessman and owner of the Chicago Wolves minor-league hockey franchise.

Thomas Ricketts, head of a Chicago-based bond-trading business whose father founded Ameritrade.

Jim Anixter, president of A-Z Industries Inc. in Northbrook who has partnered with Chicago attorney Thomas Mandler.

Sports Properties Acquisition Corp., a shell company with $215 million looking to buy a sports property.

asachdev@tribune.com

Copyright © 2008, Chicago Tribune

chicagotribune.com