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PETER DIDN'T CRY WOLF -- ANGELOS OFFERS OVER $200M FOR BUCS
Published January 9, 1995
Orioles Owner Peter Angelos made his long-awaited offer to buy the Buccaneers and move them to Baltimore by reportedly offering over $200M last night to the trust in charge of selling the team. The offer came as trustees face a 5:00pm deadline today on a $160M offer from Tommy Shannon and Outback Steakhouse Execs Bob Basham and Chris Sullivan. Details of the Angelos offer were not available, but a source familiar said it was worth more than the $200M that he had offered during '94. It had been reported over the weekend that the Bucs "may be inclined" to accept the offer from the local Shannon group, and that the trustees had "discounted a bid" from Angelos out of "concerns that the NFL would not approve the Bucs relocation." But last night's lofty offer by Angelos could change that, as the trustees have "a fiduciary duty to strike the best deal" (Jon Morgan, Baltimore SUN, 1/9). In Tampa, Yankees Owner George Steinbrenner, who may make an offer today, did not rule out Angelos. Steinbrenner: "Everyone is eliminating Peter Angelos. I do not. I know the guy. I know his people. They are not just talkers." This morning, team trustees are expected to meet at Hugh Culverhouse's Tampa law office to discuss the bid, and it "appears certain" that trustees have decided not to continue owning and operating the club (Topkin & Stroud, ST. PETERSBURG TIMES, 1/9). Although trustee Steve Story had told reporters "Monday will be the day" for a deal, one source close to the negotiations said "We probably won't even emerge with a winner today. The men and the boys will be separated and then we'll see who wants to bargain" (Pugliese & Henderson, TAMPA TRIBUNE, 1/9). In Baltimore, Jon Morgan writes that Angelos has become "Public Enemy No. 1" in Tampa. Angelos' response: "It would be nice if people got this excited about the movement of a manufacturing plant or an entire industry out of the country" (Jon Morgan, Baltimore SUN, 1/8). OTHER BIDDERS: A "mystery" group was added to the mix on Friday as a group led by Jacksonville attorney Terry Moore and Baltimore attorney Robert Schulman met with Bucs officials (Joe Henderson, TAMPA TRIBUNE, 1/8). Steinbrenner has been "quiet about his pursuit of the team," with some suggesting he is waiting for the final hour to make a bid, or will make an offer if it appears the team would be sold to out-of-town buyers (Stroud & Topkin, ST. PETERSBURG TIMES, 1/9). Possibly increasing pressure on the trust to sell the team was the fact that 72 potential creditors preserved their "rights to claim more than $170 million in loans and promises" made by the late owner of the Bucs, Hugh Culverhouse, Sr. (Gruss & Stidham, TAMPA TRIBUNE, 1/7). HAWKS NEXT? NBC's Will McDonough noted on "NFL Live" that the Seahawks are for sale ("NFL Live," NBC, 1/8).