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Glazer family agrees to sell Houlihan's

The Glazer family, owners of the Tampa Bay Buccaneers, sold Houlihan's Restaurant Group on Thursday to Scoggin Ventures Inc. for an undisclosed price.

The restaurant chain's name has adorned the Bucs' football stadium since the 1996 season. Though Houlihan's plans to open a restaurant in Tampa this spring, Tampa Bay still has no Houlihan's, which irked some fans.

The Glazers are restructuring their holdings under Zapata Corp., which began as an oil-drilling company. Zapata has sold its oil holdings in favor of new Internet and food product ventures. The company will be changing its name to Zap Corp. to reflect the acquisition this week of two online magazines.

Using financing from BankBoston Corp. and money from Dallas investors, Scoggin Ventures said it plans to invest "heavily" in the growth of the chain and also buy other restaurant chains.

Daniel Scoggin was the founder of the restaurant chain TGI Friday's and recently served as chief executive of Ground Round Restaurants Inc.

Houlihan's, based in Kansas City, Mo., is a casual dining restaurant company that owns and operates 102 restaurants under the Houlihan's, Darryl's, Bristol and J. Gilberts names.

No naming rights have been announced for the new football stadium nearing completion next to Houlihan's Stadium. Bucs officials confirm that they have been negotiating with four companies over possible naming rights. One of the companies is Tampa-based Intermedia Communications, and one other is TruGreen Chemlawn, a subsidiary of ServiceMaster Corp.

_ Information from Bloomberg News, Times files and Times staff writer Eric Torbenson was used in this report.