Vikings Owners Must Pay $85 Million for Faud

Comment section:

"The Wilfs are seeking up to $250 in a private loan to cover the remainder."

Which they will only be granted with PSLs and the naming rights as collateral.  Those funds will then pay off the loan.

The Wilfs are putting up zero, I repeat ZERO dollars on this stadium.  And the State contribution is a lot more like $800 million when you include the costs in transportation and infrastructure improvement the stadium will require.

So to review.  The state builds a stadium with $500 million and $300 million in infrastructure.  The "Vikings" put in $200 million of other teams money, and $250 million from naming rights and PSLs on a stadium they do not own (hey if they owned it they would have to pay property taxes and maintain it, much better to let the state own it if the state gives you sole use of it).

The Vikings then get at least a hundred million more a year in revenue, and the state gets...wait for it....ummm....nothing?  Pride I guess, and a team that isn't making false threats to leave.  The NFL is a tremendous racket.  I wish I could get the state to buy me a business, give me full use of it, but keep it in there name so I don't have to pay property taxes.  I could make a killing!

No wonder criminals are attracted to it.

But the voters really deserve this after electing someone who was a drunken absentee trust fund baby of a Senator to the governorship.  He even admits his stint as Senator was a disgrace, but hey why not do more damage!  Billionaires of the world unite!

 

Typical MN resident completely glossing over the obscene riches the state is soaking up in pull tab revenue.

It gets better:

 

The ruling is not final because the Wilfs have 45 days to appeal, potentially delaying the awarding of damages and a referral of the case to the state attorney general or county prosecutors for possible criminal investigation.

 

http://www.startribune.com/spo...kings/224960792.html

 

This could get pretty dicey for these folks before all is said and done...

Fraud.

 

Why not.  Team has been doing it for decades.

Goodell fines players for wearing the wrong color socks to protect the leagues image.

 

Where does fraud by a team owner fall?

Goodell will issue them "walking shoes" and all will be forgiven & forgotten in Minnesota.

Goodell has no authority over the owners, his bosses. This will play out in the courts and the league/other owners will (maybe) take action after.

The Vikes continue to be the gift that keeps giving in the NFC North.

I bet if former Vikings kicker Faud Reveiz saw this thread title, he might be thinking he's about to get rich.  

No problem, who was the judge in the case that kept delaying the suspensions?

 

       
I might agree with you if Fuad Reveiz spelled his first name Faud. 

If you ever wonder how a person gains obscene wealth, this is a textbook example.

Ask Jimmy Haslam.

 

It seems the owners are having as much criminal/civil problems as players these days...

What say ye, Rog?

After approving the $506 million handout, Minnesota Governor Mark Dayton said, “I’m not one to defend the economics of professional sports … Any deal you make in that world doesn’t make sense from the way the rest of us look at it.” Even by the standards of political pandering, Dayton’s irresponsibility was breathtaking.

 

Forbes estimated the Vikings worth went up $200 million with the new stadium deal. And Wilf makes a token payment of $13 million each year to "use" the stadium.

 

Read this.