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The Lowdown on Team Offerings

In selling stock at $15 a share, the Cleveland Indians have entered a small 
group of teams with public ownership. So far, however, their record has been 
uneven.

                         YEAR    RECENT   TOTAL RETURN  RETURN VS.
TEAM                    OF IPO   PRICE*   SINCE IPO     S&P 500
----------------        -----    -----    -----------   -------
FLORIDA PANTHERS        1997     $19      90.0%         34.9%
 HOLDINGS (PAW)
 (Hockey, Hotels)

ORLANDO PREDATORS       1996     4        -8.7          -26.4
 ENTERTAINMENT (PRED)
 (Arena football)

BOSTON CELTICS (BOS)    1986     20       256.0         -286.3
 (Basketball, Broadcasting)

* JUNE 5
DATA: BLOOMBERG FINANCIAL MARKETS


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Updated June 11, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.
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