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BACK ON THE BLOCK: VIKES OWNERS AGAIN SEEKING A BUYER
Published May 27, 1998
The Vikings Board of Directors decided on Monday "to put the franchise up for sale again and will accept open, cash bids for 100 percent of the stock in the holding company," according to Greg Johnson of the ST. PAUL PIONEER PRESS. Bidders have until July 1 to make an offer, but Johnson wrote that "doesn't mean a transaction can't be completed" before that date. Many of the team's owners "believe" that the successful bid "will be in the area" of Tom Clancy's earlier $200M offer (PIONEER PRESS, 5/26). IN THE RED: San Antonio businessman Red McCombs, who made a $176M offer for the team before Clancy, said that he "has not decided if he will make a new offer." McCombs said he saw "no reason for any real haste" with the July 1 deadline set, and he will "probably wait until" then to make any offer (STAR TRIBUNE, 5/27). But Vikings co-Owner Jaye Dyer said that "concerns have been aired" among the team's board about McCombs' intentions should he successfully bid for the franchise, adding "there has been speculation ... that anything he does would be intended to maybe eventually end up in San Antonio" (SAN ANTONIO EXPRESS-NEWS, 5/27). NO FROM SNIDER: Flyers Chair Ed Snider, a rumored candidate, said yesterday that he has "no interest" in bidding for the Vikings (PHILADELPHIA DAILY NEWS, 5/27).