SBD/18/Franchises

SOUTH FLORIDA GROUP GAMBLING ON LAS VEGAS CFL FRANCHISE

     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).
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CFL, Franchises

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