Andrew Murstein Interviewed in the Wall Street Journal About His SPAC, Sports Properties Acquisition Corp

In this April 22, 2008 interview with Stephen Grocer at the Wall Street Journal, Murstein outlines his plan for a $400 million to $1 billion acquisition of a sports-reated entity. He has been meeting with the comissioners of all the major American sports leagues (MLB, NBA, NFL, NASCAR) to vet opportunities.

Murstein notes:

"Teams in several of the leagues have been public before, such as the Boston Celtics and the Cleveland Indians, and their shareholders did very well. Several team owners have also contacted us, so we are talking to many prospects. There are some teams that are just not right for the SPAC, but many in large markets with great fan bases would be perfect. It would be great for fans to be able to buy the stock of those teams and own a piece of their favorite club."

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