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SOUTH FLORIDA GROUP GAMBLING ON LAS VEGAS CFL FRANCHISE
Published May 18, 1995
A South FL investment group led by Bruce Frey has signed a "letter of intent" to purchase the now-defunct Las Vegas CFL franchise rather than pursue expansion options, according to the MIAMI HERALD. The deal should take "two or three months" to complete, upon which the team will move to Miami and begin playing in the Orange Bowl in June '96. The team will be called the Miami Manatees and will not play this year in order to have more time to complete the transaction. Frey's group chose to pay $1.45M for the Las Vegas franchise rather than acquire an expansion team. Frey: "There were advantages financially to doing it this way" (Barry Jackson, MIAMI HERALD, 5/17).