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OUTBACK/SHANNON GROUP MAKES FIRST OFFER FOR BUCS
Published January 3, 1995
One day after saying the trust could wait a year before selling the Bucs, the team received its first verbal offer. A group led by former University of Florida QB Tommy Shannon, which includes Outback Steakhouse execs Bob Basham and Chris Sullivan, made a "confidential" offer to keep the team in Tampa. The group will confirm its offer in writing and said the proposal will be valid until January 9. Bucs Trustee Steve Story called the offer "worthy of careful consideration. Clearly we are happy to see a local group come forward with a meaningful offer" (Charean Williams, ORLANDO SENTINEL, 12/28). Story had reported that if the trust did not receive the "right price" for the team, they would "retain" the franchise for next year (Jon Morgan, Baltimore SUN, 12/27). Representatives for Orioles Owner Peter Angelos met with the Bucs trust last week, and Story expects an offer from Angelos at some point in the coming weeks (Jon Morgan, Baltimore SUN, 12/28). Angelos said he was "trying to turn a new page in the strained relationship" between Baltimore and NFL Commissioner Paul Tagliabue. Among other bidders, Florida investor Malcom Glazer said he may submit a bid next week (Jon Morgan, Baltimore SUN, 12/29). Morgan also reported on the "web of litigation" that could hinder Angelos' effort. It would be costly for Angelos to test the league in a lawsuit, and "the process could involve years of messy litigation during which the fitness of the league, Angelos, Tampa, and Baltimore would be on trial" (Baltimore SUN, 12/25).