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Publication: European Stars and Stripes Saturday, April 2, 1988

You are currently viewing page 24 of: European Stars and Stripes Saturday, April 2, 1988

   European Stars And Stripes (Newspaper) - April 2, 1988, Darmstadt, Hesse                                Page 24 the stars and stripes saturday april 2.1988 tentative terms reached in pats Sale bulk  at sports Vrr Luff Dedham. Mais. The Sullivan of Imily has reached a tentative arc Mcm on inc Sale of the new England Patriot to inc out it of Floc Reebok Sparling shoe company a team spokesman said thurs Day. Jim Grcic Nidga refused to give Ai. Lails on the arc Emcil to sell inc lean in Paui fireman head or Reebok Ink or. Liona. Grcic Nidga said inc Deal Wouch discussed is a thursday afternoon p conference at Sullivan stadium in Fox Boro. The announcement came hours before the Slart of Floc continuing court baulk in Norfolk Superior court Here Over a suit by fran Murray who is seeking o gain control of Floc nil team. During proceedings wednesday new England general manager Pat Sullivan scoreboard from Page 22 us lifted for 50  a primarily Abdul the Unson Hie learn did not repay a 53.9 in loan to Murray a principal in i1 partners. I hat group obtained an option to buy i in. Murray i tical claiming inc Tlush v-3 in default of loan of 55 million he a. J ii. 1 Hose develop is came after efforts " i ave Lei tinny pm Pond Ere de Bird by Norfolk Superior coun judge Lur uld Mann try. Murray Tiad worked out a Deal with fireman that would give Murray 49 per cent of the team if fireman ends up with it said Murray s attorney Robert Porto. Flann Crry pushed Back wednesday s scheduled i . Hearing Tor an hour but would t Dorte to a further Detoy report edly requested by Joel Kozol the Sulli vans attorney and agreed to by Poco. Papeo. Who is not directly involved in Chr  Between the and firm no had void ii agreement be fore today s i Yuri is inn a possible. There is pressure from fireman Titan Elf. He does not want this thing 10 drag on he said in inc current . In pc said i know that the ohs Falci Mill re Gard to he tax san Mclure have no been adequately solved.1 the sullivans reportedly warned the Sale to be made As a Stock loan Arion to be Billy Sullivan the Cam s owner and hat Sullivan s father millions of dollars in taxes. Fireman reportedly preferred to buy sir team1 assets Hith he could then Corpre Ciaire. In his testimony. Pat Sullivan and Murray advanced the $3.9 million last dec. 31. Fleet National Bank which Hod loaned the patriots s16.1 million sent the icam a letter Jan. saying that the team was in default and thai it could pay no other card rom before in pied Chr Bank. Sullivan said. Although lie disputed Tho claim ital the team was in default o tru Hank he said understand that As Long As Jacci had asserted a  were Noi allowed to make any payments of Princi pal or interest to nip  after of Eccl Cairn did the note until april 30, Sullivan did. The team  m Urray s group hoi ,000 in interest Sullivan said he Scal no written notice to Murray of the reason no payments had been made on inc loan but added that discuss ions Between lawyers for both sides should have made he reason Clear to Murray. He also said Murray had Only provide million of a $2.1 million loan he had agreed to make it the team.  cause of thai he added no principal or interest on the $1.1 million Lias been re paid hew Folk Kam Keirs of Long a conv re Petchar. Najr in Al 0. In a i. Of flt of Ira manat but Lur Lucid Jurt Curt. Info Tom Paul fit atari he cow of Al ?1 m my Laim Cunt. I Sim for Piti Pimm Pitt a. W Hurt a tar cd Tami. To Emmr this it cup Lex Jas cafloihal_5 a pud or act re on Mann Kiwi sch. A Zmyj 13i off a Watt. Laureti. Co of. A. 1 we a de Rel. He. Carl c Apt Donl. In i it a Ira trunk i Artw 09.w, Kef jmj 4. It of. Tui hut. Str Strw. Fr-7.  ,33-37 to jm4-t6 we n l Hod. 39. Hwi Burton or. Tray. A3.k him Jan slip to. A id to 3 i Akintu Fivi Chii. 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