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VIKINGS DISMISSIVE OF LAS VEGAS WOMAN'S OFFER FOR TEAM
Published June 24, 1998
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).