NFL all-time leading rusher Walter Payton bought a minority share of an expansion Arena Football League team that plans to begin play near Chicago in 2001, another of the team's owners said.
Payton, 44, will be a minority owner of a group that includes Peter Levin, a partner in Michael Ovitz's Los Angeles-based Artists Management Group, Levin said. The other owners are Levin's father, Alan Levin, a former CBS Corp. executive, and Arthur Price, a founder of MTM Enterprises Inc., which produced such television shows as the "Mary Tyler Moore Show." Levin wouldn't disclose the size of Payton's stake. The team will play in All-State Arena, near O'Hare International Airport.
PACKERS STOCK: The Packers can remain financially competitive at Lambeau Field for four more years, team president Bob Harlan told more than 7,000 shareholders gathered for the team's annual meeting. After that, Harlan said the Packers either must build a new stadium or make more than $75 million in renovations to Lambeau Field in order to keep up with the spiraling salaries and signing bonuses of the NFL.
The Packers' second outdoor shareholders meeting at Lambeau attracted fans representing over 56 percent of the shares in the league's only publicly held franchise.