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FORMER BLUES EXEC SHANAHAN INTERESTED IN CARDS
Published November 2, 1995
Former Blues Chair Michael Shanahan confirmed he is working with attorney Thomas Guilfoil in considering a bid for the Cardinals, according to this morning's ST. LOUIS POST-DISPATCH. Shanahan, who "was popular with fans when he ran the Blues, lends credibility to Guilfoil's efforts." Shanahan said he couldn't commit to buying the team because Anheuser-Busch has yet to release the financial information necessary. He did, however, express reservations about buying the team: "The question I have for myself, if a company as strong as Anheuser-Busch has decided they don't see a future in baseball, what makes the rest of us think we can step in and make a success of it?" Guilfoil, Shanahan's attorney and friend, "doesn't enjoy the same level of public esteem as Shanahan" because of his role in the Cardinals' move to Phoenix in '88. Neither claims to have money to buy the team, but said raising money from other sources is "not a problem" (Robert Manor, ST. LOUIS POST-DISPATCH, 11/2). A-B'S SHOCK WAVES: A-B's sale of the Cardinals "has everything to do" with baseball's current problems, according to Bill Conlin of the PHILADELPHIA DAILY NEWS. Unlike his father and grandfather, August Busch III saw the "bottom line" ($12M in losses last year) and where it fit into "the corporate structure." And with another "winter of Balkan-style fratricide looming, followed by another season of fan defections and uncertain income," A-B decided to do "what it would do to any other subsidiary not pulling its weight." Conlin writes, "The gentlemen-sportsmen who once were willing to take the hit for the honor of owning the Babe Ruths are long gone. Peter O'Malley is the last of the of the one-family owners. And there are a lot of nervous limited partners out there who are discovering it is no longer trendy to be mentioned at cocktail parties in the same breath as Don Fehr, Bud Selig and Albert Belle" (PHILADELPHIA DAILY NEWS, 11/1).