Garden owner eyes the Patriots, with megaplex as home
[City Edition]
Boston Globe (pre-1997 Fulltext) - Boston, Mass.
Author: Will McDonough and Don Aucoin, Globe Staff
Date: Dec 22, 1993
Start Page: 1
Section: METRO/REGION
Globe staff writer Peter J. Howe contributed to this report.
As state leaders inched closer yesterday to a deal on a $700 million convention center and football stadium, the owner of the Boston Garden said he wants to buy the New England Patriots and see them play in the new megaplex.
"I am not a football maven, but I do enjoy the game," said Jeremy Jacobs, the owner of the Garden and the Boston Bruins and the prime mover behind the new Shawmut Center, which will replace the Garden and is scheduled to be completed by 1995. "I'm very interested in buying the Patriots and we will pursue getting the team."
"My bigger interest here is to see that the Patriots do not move out of Boston," said Jacobs in a telephone interview from Buffalo. "I believe in that city. I have major interests in that community. I know what the governor, the state and the city can do. We worked together and we have the new building under way."
At the State House, meanwhile, House Speaker Charles F. Flaherty, who had been skeptical about financing the entire megaplex with public dollars, said he is still "negotiating with myself" on whether the deal makes sense for the state.
"I'm trying to see if there's a way to do this," the speaker said in an interview after he met with more business leaders to ascertain whether private interests can come up with $100 million toward the $700 million cost of the megaplex.
Flaherty also told the Globe that he has sought assurances through third parties from National Football League Commissioner Paul Tagliabue that the new facility would get to host a Super Bowl.
Jacobs said he has placed Garden president Larry Moulter and Gail Edwards, chief financial officer of Jacobs' company, Delaware North, in charge of obtaining the Patriots. Moulter said he and Edwards expect to meet soon with representatives of Goldman Sachs, a New York investment firm, "to get the type of financial information we need to arrange our bid."
Moulter, who supports a megaplex, said he believes the Patriots would fit perfectly with Jacobs' many sports and concession businesses in Boston. But he said he has asked the state to include a non-compete clause in any megaplex stadium lease, as protection for the new Shawmut Center.
"All we asked is that the stadium not be turned into a 20,000-seat concert center and take away some of the events that we need to support the new Shawmut Center," said Moulter.
"The megaplex is supposed to have 70,000 seats and just be used for major events, so there should not be any problems," Moulter added. "But we still want some protection for events that would normally go to our building."
Jacobs withdraws from bidding for Patriots
Boston Globe - Boston, Mass.
Subjects: Professional football
Author: McDonough, Will
Date: Jan 21, 1994
Start Page: 41
The strange saga of the alleged sale of the New England Patriots took another bizarre twist when Jerry Jacobs withdrew his name from consideration.