COOKE ESTATE STARTS SEARCH FOR POTENTIAL BUYERS FOR REDSKINS

          The Jack Kent Cooke Estate "has identified a list of
     potential buyers" for the Redskins and last week began
     "distributing to them key financial information," according
     to Thomas Heath of the WASHINGTON POST.  Sources said that
     Morgan Stanley "started hand-delivering" memorandums late
     last week, and potential bidders "will have about a month"
     to review the information and decide whether or not to
     proceed.  Heath writes that the distribution of financial
     data, contained in a 100-page "confidential information
     memorandum" with various team information, is "a signal that
     the football team's sale has entered a new phase six weeks
     after being put on the market."  Sources say the Cooke
     estate "expects five strong bidders to emerge after
     Thanksgiving," and the plan is "to complete the sale by late
     January and present it to the NFL owners for their approval"
     at the annual meetings in March (WASHINGTON POST, 10/20).