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GLAZER DEAL TO GET BUCS MAY BE COMPLETED SOON
Published June 20, 1995
Malcolm Glazer "may be able to finalize" his $192M purchase of the Bucs within ten days, "provided amendments to his lease at Tampa Stadium get formal approval this week," according to Joe Henderson of the TAMPA TRIBUNE. The Tampa Stadium Authority (TSA) "unanimously" passed recommendations for rent restrictions yesterday that were agreed to last week during negotiations with the team. Both the Hillsborough County Commission and Tampa City Council plan to consider the issue this week, and, if both agree, Glazer will be allowed to defer payments to the TSA until January 15. If the team's average attendance drops below 55,000, the Bucs would be allowed to reduce the amount it pays the TSA. Other amendment highlights: 1) The team gets to keep all parking and concession money on average paid attendance over 55,000. 2) The team can void their lease after one year, but TSA members said "that should not be considered an escape clause because under current lease terms the team could leave anyway" (TAMPA TRIBUNE, 6/20).