ANGELOS JOINS OTHER BIDDERS AS REDSKINS RECEIVE FORMAL OFFERS

          "About 10 would-be buyers, some valuing the Washington
     Redskins at more than $500 million, made their intentions
     known yesterday to buy the team and Jack Kent Cooke Stadium,"
     according to Thomas Heath in a front-page report in the
     WASHINGTON POST.  Heath writes that "most of the offers that
     came in yesterday were in the form of a stock purchase" where
     the buyer would pay for the team and assume the mortgage on
     Jack Kent Cooke Stadium, which is about $155M.  Several
     bidders "appear" to have made stock offers that exceeded the
     $530M Al Lerner paid for the Browns.  Sources said that
     Orioles Owner Peter Angelos put in a bid of "about" $475M. 
     Heath writes that trustees for the estate of the late Jack
     Kent Cooke "are hoping" the franchise and stadium sell for
     $600M or more.  The field of bidders will be narrowed to five
     "in the next few days," and then a second round of bidding
     will take place" (Thomas Heath, WASHINGTON POST, 11/24).