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SBD/27/Franchises
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).




