SBD/27/Franchises

BACK ON THE BLOCK: VIKES OWNERS AGAIN SEEKING A BUYER

          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).

Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug