SBD/14/Franchises

GLAZER'S ATTEMPTS TO DIVEST FROM COMPANY FAILS

     New Buccaneers Owner Malcolm Glazer's deal to sell his  31%
share in Envirodyne Industries, a "troubled" IL company, fell
through after Glazer thought he had struck an agreement.  Glazer
and his family dismiss the idea that the stock sale and the
purchase of the Bucs are related, as there was speculation that
Glazer was trying to gain equity for the franchise.  Glazer said
that the "failure of the stock deal would not affect the [Bucs]
deal, and repeated his statement when asked if the stock deal was
an attempt to raise cash" (Rex Henderson, TAMPA TRIBUNE, 2/14).
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Franchises, Tampa Bay Buccaneers

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