It appears Washington attorney Bart Fisher will have the financial backing he needs to resurrect a bid to bring a baseball expansion franchise to Northern Virginia. However, whether that will be enough to satisfy the National League Expansion Committee remains unclear.
Jim Valentine, the Washington investment banker representing a family trust that was going to be Capital Region Baseball's primary financial backer, said last night the family trust is prepared to back Fisher's effort.
Capital Region Baseball, led by Mark Tracz and including Fisher, had been seeking a team for Northern Virginia until Thursday night. That's when a split within the group prompted Tracz and Capital Region Baseball Vice President Ira Saul to announce they were withdrawing the group's application for one of the two teams the National League will add in 1993.
Fisher said Friday he would try to reorganize the group's investors, minus Tracz and Saul, and National League Vice President-Secretary Phyllis Collins gave him until today at 5 p.m. to do so.
The family trust holds a financial key to those efforts because, according to Valentine, it has the ability to single-handedly pay the $95 million entry fee. He said it is "prepared to go forward" with Fisher.