He became chairman of the restructuring committee in 1984 and group executive in 1986.

"I think the restructuring committee felt this was the best way to handle it," Selig responded.

Olympia also received more seats on Campeau's board and has dominated a new restructuring committee.

The restructuring committee will be asked to submit its recommendations to the clubs by Nov. 1.

Campeau's board also said its restructuring committee of four directors would be dissolved.

But now it seems that it has decided to make its stand and wants to have a say in the restructuring committee.

The owners will also hear reports from the restructuring committee and the schedule-format committee.

He will be chairman of the restructuring committee at Citibank.

But the restructuring committee, which will recommend what the duties of the commissioner should be, has not completed its work.

The company also announced that a new restructuring committee would be set up to increase shareholder value from existing assets.