Keyword
NBA
Scores
Schedule
Standings
Statistics
Transactions
Injuries
Players
Message Board
NBA en espanol
CLUBHOUSE


SHOP@ESPN.COM
TeamStore
ESPN Auctions
SPORT SECTIONS
Saturday, February 16
 
Calvin Hill's group one of several interested in team

ESPN.com news services

ORLANDO, Fla. -- Former Dallas Cowboys star Calvin Hill -- Grant Hill's father -- is leading a group of Washington-area investors attempting to buy the Orlando Magic, the Orlando Sentinel reported in its Sunday editions.

Hill is now a team consultant with the Cowboys.

The newspaper's report cited two NBA sources as confirming Calvin Hill's bid to buy the team. Rich DeVos, who has owned the team for the past 11 years, announced last month that his family planned to sell.

The estimated asking price is $180 million to $200 million. If Hill's group is successful -- and the injured Grant returns to play -- it would be the first time in major professional sports history that a son has played for a team owned or operated by his father.

If successful, Hill's group expects to keep the team in Orlando, reopening the debate to build a new downtown arena or renovated the team's current home. If his group is successful, Calvin Hill would have only a minority ownership stake, but he likely would become the managing partner.

Dave Checketts, the former CEO of the New York Knicks, New York Rangers and Madison Square Garden, is leading another group vying to purchase the Magic. Also showing serious interest is Eddie DeBartolo, who formerly owned the San Francisco 49ers.

David Siegel, a time-share developer, Anthony Nicholson, a Seminole County developer, and Allen Schwalb, an Orlando businessman who has owned shares in two Arena Football League teams, are among the potential local buyers.

Calvin Hill, whose wife, Janet, is an attorney and a consultant in the Washington area, has been trying for years to move into an ownership/managing role in professional sports. Hill's group almost purchased the NBA's Washington Bullets (now the Wizards) from current longtime owner Abe Pollin in 1993, and Hill was involved in an investor group that nearly bought the Cleveland Browns a couple of years later. He also worked with investors that tried unsuccessfully to bring baseball back to Washington in the mid-1990s.




 More from ESPN...
Magic owner wants to sell team, which could move
Orlando Magic owner Rich ...

Magic suitor wants to keep team in Orlando
A time-share entrepreneur is ...

 ESPN Tools
Email story
 
Most sent
 
Print story