Sources: Raiders' Relocation Fee Between $325-375M Bonds Returns To Giants As Special Advisor Clippers Owner Ballmer Dishes On NBA Topics FC Cincinnati Eyeing '18 Launch Of Training Facility E-Sports Franchise Cloud9 Adds Several New Investors Angels Return To StubHub For Secondary Tix Orioles Fans Still Wihtout In-Market Streaming Orioles' Brady Anderson Has Unique Position Blue Jays Investing Heavily In Sports Science Galaxy Trying To Make Better Use Of Youth System
TAMPA LEADERS FEAR THE GRINCH WHO MIGHT STEAL THE BUCS
Published December 22, 1994
Political and business leaders in Tampa unveiled a "radical plan" on Wednesday, pledging public money to guarantee ticket sales to help put 55,000 fans in the stands for every Bucs home game over the next two years. The leaders hope the guarantee sends a "strong signal to investor groups concerned about paying a near-record price to buy the Bucs and keep them in town." Tampa Mayor Sandy Freedman: "Our future will change drastically if this franchise moves out of this area." The "novel plan is the most daring step so far by a community fearful that Orioles Owner Peter Angelos will make good on his pledge to pay $200 million for the Bucs and move them to Baltimore" (Jeff Testerman, ST. PETERSBURG TIMES, 12/22). DETAILS: The City of Tampa and Hillsborough County would guarantee that 55,000 tickets would be sold at each home game unless attendance drops below 45,000. If that happens, they will guarantee the purchase of up to 10,000 tickets. Businesses would be the main contributor, and the "maximum exposure to taxpayers would be $2 million a year for two years." The guarantee would be paid through a reserve fund and a sales tax. The offer is being made only to new owners, not the trustees who currently run the team (Ken Koehn, TAMPA TRIBUNE, 12/22). According to THE SPORTS BUSINESS DAILY's "Turnstile Tracker," the Bucs currently averages 45,517 for the '94 season. REAX: Reaction by elected officials who will vote on the measure was mixed. Hillsborough County Commissioner Joe Chillura said the plan was premature, stating the team does not have owners yet: "This is analogous to an arranged wedding where one is not identified. ... We need to dance before we get engaged" (Ken Koehn, TAMPA TRIBUNE, 12/22). NEW BUYER? Orlando-based sports agent Robert Fraley met with team trustee Steve Story to state his interest in the Bucs. Fraley represents a group of Orlando-area investors who intend to keep the team in Tampa (TAMPA TRIBUNE, 12/22).