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ANGELOS MEETS WITH BUCS OFFICIALS IN ORLANDO
Published November 21, 1994
Orioles Owner Peter Angelos held a 3-hour meeting Friday with the trustees selling the Buccaneers. Angelos described the meeting as "very positive," but Bucs officials downplayed it as "one of a dozen or so introductory exchanges they expect to hold" with bidders. Angelos and Bucs officials "declined to disclose the specifics" of their talks (Jon Morgan, Baltimore SUN, 11/19). Columnist Vito Stellino notes, with the election of Democrat Parris Glendening as MD Governor, the funding for a new football stadium should stay in place, leaving Baltimore remaining as a "player in the franchise game" (Baltimore SUN, 11/20). WHY BUY AN NFL TEAM? In St. Pete, Robert Keefe lists reasons why buying an NFL franchise is a good investment. 1) There is "relatively" very little risk. 2) "While sports teams may not be the best investment in the short term ... they are extraordinary investments in the long term, after they are resold." 3) "They're not as good as they used to be, but sports teams can still be fair tax shelters." 4) As for supply, "football teams are as rare as fine gems, regardless of their quality." As for the Bucs, besides the guaranteed revenue they receive from the league from TV revenue, the team has "one of the best leases of any sports franchise" (ST. PETERSBURG TIMES, 11/21).