SBD/5/Franchises

BUCS I: TWO NEW ENQUIRING MINDS INVESTIGATE AN OFFER

     "It has come to this.  The people who bring you the
supermarket tabloids like the NATIONAL ENQUIRER and THE STAR want
to buy" the Buccaneers.  Yesterday, team trustee Steve Story met
with Peter Callahan and Michael Boylan, the Chair and Vice-Chair
of the Enquirer/Star Group, Inc. one of the country's largest
publishing groups.  The two are interested in buying the team and
keeping them in Tampa.  The new group surfaced just two business
days before the trust is to decide whether to accept a reported
$160M offer from local investors Tommy Shannon and Outback
Steakhouse execs Chris Sullivan and Bob Basham.  Story stressed
that Callahan and Boylan did not appear on behalf of
Enquirer/Star Group, "but are interested in making an individual
investment."  Story: "Our session was a preliminary one.  If they
have an interest in pursuing this matter, they will contact us
again" (Stroud & Testerman, ST. PETERSBURG TIMES, 1/5).
     PENCIL MAGNATE NOT READY TO INK A DEAL:  Orlando pencil
"baron" Gino Pala said yesterday he believes the three-man trust
overseeing the sale will reject every offer and hold on to the
team.  Pala:  "They've got a number in mind that they intend to
get, and if it comes in one cent less, they can sit on it.  I
don't think the trustees can get hurt by keeping control of the
team."  MA-based developer Socrates Babacas is believed to have
the financing in place to make a $185M offer for the team as
early as today.  Florida citrus "heavyweights" Earl Crittenden
and Gene Langley reportedly are partners in Babacas' effort to
buy the team.  Babacas said he is willing to put a $5M deposit in
escrow to guarantee he will not move the team (Pugliese &
Kaufman, TAMPA TRIBUNE, 1/5).
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Franchises, Tampa Bay Buccaneers

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