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HUIZENGA REJECTS LOCAL BID TO KEEP PANTHERS IN FLORIDA
Published January 4, 1996
Panthers Owner Wayne Huizenga rejected a $75M offer for the team by an investment group led by personal injury attorney James Shapiro, according to this morning's FT. Lauderdale SUN-SENTINEL. Huizenga, who said the bid was $10M too low: "We're always looking to talk with anyone who makes a serious offer. This was not a serious offer." Huizenga said the group did not have the cash available and that they wanted 60 days to raise the bulk of it. Shapiro is the nephew of Bucs Owner Malcolm Glazer. Bucs spokesperson Chip Namias said the Glazers had no role in the bid for the Panthers. The only other name released from Shapiro's group was Hollywood attorney Fred Chikovsky, who defended their finances but said Huizenga's decision not to make a counter-offer ended their pursuit of the team. Huizenga is seeking $85-90M from a South FL buyer. Huizenga has offered to make a $25M donation to the construction of a local arena provided that Broward County officials meet several conditions by February 1. After that date, Huizenga is expected to entertain offers from out-of-state buyers (David Nitkin, Ft. Lauderdale SUN-SENTINEL, 1/4).