SBD/24/Franchises

VIKINGS DISMISSIVE OF LAS VEGAS WOMAN'S OFFER FOR TEAM

          Shruti Misra, a Las Vegas resident who has real estate
     holdings in NV, CA and NM, "has offered to purchase the
     Vikings" for $180M, according to Matt Jacob of the LAS VEGAS
     REVIEW-JOURNAL.  A representative for Misra confirmed Monday
     that Misra has submitted the bid.  If Misra buys the team,
     "she will have the option to relocate" it.  According to
     documents obtained by the REVIEW-JOURNAL, Misra would pay
     $50M in cash, with the remaining $130M to be financed
     through a loan provided by U.S. Guarantee Corp.  Misra's
     "net worth is not known" (LAS VEGAS REVIEW-JOURNAL, 6/23). 
          DEAL NOT LIKELY? In Minneapolis, Vikings attorney John
     Mooty said that the team received something from Misra last
     week.  Mooty: "We received a document.  I advised them it
     was not in a form that we could entertain.  As far as I'm
     concerned, we don't have anything that constitutes a bid
     that can be considered by the owners."  Mooty said that he
     advised Misra's reps to revise the document and resubmit it,
     but said he hasn't received a reply (Jerry Zgoda, STAR
     TRIBUNE, 6/24).  Mooty, on Misra's reported $180M offer:
     "[T]he price reported in the Las Vegas newspaper is not in
     conformity with the document we've received.  The bid is not
     adequate.  Secondly, we've indicated a very strong
     preference for someone that's intending to keep the team in
     Minnesota" (Greg Johnson, ST. PAUL PIONEER PRESS, 6/24).

Return to top

Related Topics:

Franchises, Minnesota Vikings

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug