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Thread: Vikings Sale Almost Done

  1. #1
    Starbucks is your friend Bill's Avatar
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    Vikings Sale Almost Done

    Good news in that if this sale goes through, there will finally be African American ownership of an NFL team.

    http://sports.espn.go.com/nfl/column...len&id=1991023

    By Len Pasquarelli
    ESPN.com
    While several details still need to be fine-tuned, two prominent league sources told ESPN.com late Sunday night that Arizona businessman Reggie Fowler has reached an agreement in principle to purchase the Minnesota Vikings. An announcement could come as early as Monday, the sources said.



    If Fowler is successful in finalizing the deal with current Vikings owner Red McCombs, he would become the first black owner in modern NFL history.



    "In terms of the dollars, the financing, payment schedules and such, everything seems to be pretty well set," one source said. "I think they'll be prepared to present the pertinent information (to the league) in relatively short order."



    The purchase price for a team McCombs bought in 1998 for $246 million will be between $625 million to $635 million. Minnesota would become, if the sale to Fowler and his partners is consummated, the first NFL franchise to change ownership since Arthur Blank purchased the Atlanta Falcons in 2002 for $545 million.



    McCombs has been attempting to sell the team for two seasons and, while he has had some suitors in the past, he has steadfastly held out for a price of at least $600 million. One of those past suitors, Glen Taylor, owner of the NBA's Minnesota Timberwolves, acknowledged this week that he recently forwarded McCombs a formal offer in which the purchase price would have escalated if the Vikings succeeded in landing a new stadium.



    Over the past several years, McCombs has attempted unsuccessfully to convince the state legislature to approve a new stadium for his franchise.



    Fowler has been working on the acquisition of the Vikings for several months and his pursuit of the franchise accelerated in recent weeks, as he and McCombs entered into an exclusive negotiating period.



    Fowler, 46, who played linebacker at the University of Wyoming and had a brief stint as a pro, is the founder of Spiral Inc., a Chandler, Ariz.-based company with diversified holdings that include paper products and cleaning supplies, an aviation firm, a foam-manufacturing plant and a cattle ranch. The group Fowler has assembled to buy the Vikings includes some prominent New York-New Jersey real estate magnates.



    It is expected Fowler would be the managing partner and according to the NFL ownership rules, he would be required to have at least a 30 percent interest in the club. On Feb. 4, the group Minnesota Vikings Football LLC was incorporated in Delaware and, while records do not reveal the shareholders, it is believed to be the Fowler group.



    Any franchise purchase must be approved by the league finance committee and then by a three-quarters vote of the 32 owners. That process could take months to complete. The next scheduled owners meeting is the annual league session March 20-23 in Maui, Hawaii.



    Taylor has broadly suggested in recent days that Fowler and his partners might have a difficult time garnering league approval of the sale. Taylor has said he is prepared to pursue the team if the Fowler deal falls through.



    Len Pasquarelli is a senior NFL writer for ESPN.com.
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  2. #2
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    Interesting. If the sale goes through, I wonder if it will have any effect on Randy Moss's status with the Vikings.

  3. #3
    Starbucks is your friend Bill's Avatar
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    I'd bet that no moves with Randy can occur until the sale is done. Reportedly the sale price right now is $635 Million. Probably a bit less if Moss was not on the team.

    The new ownership might want to move him though depending on their debt service and whatever other pressures exist.
    "George Oscar Bluth II, aka GOB, featured magician in the best selling videotape, "Girls With Low Self Esteem" invites you to enter his world.
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  4. #4
    FORT Fogey joeguy's Avatar
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    I'm sorry, I don't get the importance of this statement : Good news in that if this sale goes through, there will finally be African American ownership of an NFL team.

  5. #5
    ☆ Janie Queen of BB cottoncandy's Avatar
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    As long as they don't move the team from Minnesota.... and if that entails a new stadium, the owners need to contribute their fair share, and not overtax the citizens. But the bottom line is, Metrodome or no Metrodome, the Vikings belong in Minnesota. I hope they keep Moss, and he somehow gets his issues under control and concentrates on being the phenomenal player he is. Phew, that's a lot of wishes.

  6. #6
    That's all folks! Unklescott's Avatar
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    Revised Biography Issued for Vikings' Potential Owner

    Public Relations Firm Clarifies Fowler's Athletic, Academic Achievements
    MINNEAPOLIS (Feb. 16) - A public relations firm representing prospective Minnesota Vikings owner Reggie Fowler issued a revised "fact sheet" on Fowler Wednesday after questions were raised about the accuracy of an official biography.

    Fowler's original bio claimed he played in the NFL and CFL and in the Little League World Series as an 11-year-old, and implied that he earned a business administration and finance degree from the University of Wyoming.

    The Star Tribune reported Wednesday that the claims were incorrect or overstated. Fowler, a former University of Wyoming linebacker, never made it out of an NFL training camp and doesn't appear in player databases for either league.

    Little League officials said they had no record of Fowler on any roster of teams that played in the Series, and University of Wyoming records show Fowler's degree actually is in social work, the Star Tribune reported.

    Fowler, 46, was introduced Monday at a news conference to announce a tentative $625 million deal for him to acquire the Vikings. The bio sheet was given to reporters and attributed to Spiral Inc., his Arizona company.

    A call to Spiral's offices Wednesday by The Associated Press was referred to a spokeswoman, Leslie Kupchella, who didn't immediately return a phone call.

    Kupchella told the Star Tribune that a new "Reggie Fowler Fact Sheet" was issued with some changes that resulted from "conversations" with Fowler.

    The new sheet includes no Little League mention and clarifies his degree was in social work, though it also lists "emphasis of study in business and finance" and "enrolled in MBA program." It clarifies that Fowler attended training camp with the Cincinnati Bengals, but still includes playing in 1983 for the CFL's Calgary Stampeders.

    Chris Downs, a Little League spokesman, told the Star Tribune he examined rosters and teams from the late 1960s and early 1970s, about the period when Fowler would have been the right age to play. A team from Tucson, where Fowler grew up, was in the World Series in 1973 - when Fowler would have been 14 years old - but Fowler's name isn't on the roster.

    "I'm quite certain he didn't participate in the Little League World Series," Downs told the paper Wednesday. "I'm confident in saying that's inaccurate."

    Fowler stands to become the NFL's first black owner if the league approves the sale. Owners are scheduled to meet in March in Hawaii; league rules require 24 of the 32 owners to approve a sale.

    His Spiral Inc., based in Chandler, Ariz., has divisions that include real estate, aviation, manufacturing, agricultural, entertainment and baning industries.
    http://aolsvc.news.aol.com/sports/ar...16143509990024
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  7. #7
    J/J for the win! DJeterFan's Avatar
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    This guy better not move the team from here (Minnesota). That will not fly.

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