SBD/11/Franchises

AFL PANTHERS' MERIS HOPES FOR A HOME RUN IN IPO TODAY

          The AFL Orlando Panthers will float an IPO today that
     "could more than triple" the value of the owners' interest
     in the team, according to Barry Flynn of the ORLANDO
     SENTINEL.  Through the IPO, underwritten by WI-based First
     Midwest Securities, the ownership group headed by AZ-based
     William Meris hopes to raise "as much as" $5.6M by selling
     40% of Predators Entertainment.  Meris' group purchased the
     team in February for $2.3M.  At the expected offering price
     of two shares of common stock and one warrant at $10, the
     60% retained by the ownership group after today's IPO would
     be worth $8.4M (ORLANDO SENTINEL, 12/11).

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