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Raptors’ Ownership Member Dies

December 25, 1995

TORONTO (AP) _ Phil Granovsky, a prominent Toronto businessman who owned a minority share of the Toronto Raptors, has died. He was 74.

Granovsky had leukemia and died of multiple causes at Mount Sinai Hospital on Christmas Eve, his nephew, Ira Gluskin, said.

Granovsky was the co-founder of Atlantic Packaging and was one of the original members of the group that earned the right to own the NBA expansion Raptors. He had a 1 percent stake in the team.

Other members of the ownership group are team president John Bitove, Jr., broadcasting magnate Allan Slaight, lawyer and former Ontario Premier David Peterson and the Bank of Nova Scotia.

A funeral is to held Tuesday at the Adath Israel Synagogue in Toronto.

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