Seahawks To Add 1,000 Seats To CenturyLink Field Belichick Defends Pats In Deflategate Presser NFL Launches Official YouTube Channel Benson's Daughter, Grandchildren Argue Manipulation Ultraviolet To Run "Edgy" Ads Aimed At NFL Will Publicly Owned Stadium Deter Kroenke? Dodgers Could Sell Stake To South Korean Group Orioles' Duquette Not Joining Jays N.Y. Super Bowl Took In, Spent More Than $81M Poll Shows Support For New Bills Stadium
Upcoming Conferences and Events
SOMETHING'S COOKING IN DC? NFL MIGHT WANT COOKE TO OWN SKINS
Published January 19, 1999
The NFL wants John Kent Cooke to own the Redskins, a league official said Sunday, but a rep for the trustees of the Jack Kent Cooke estate said that they will "stand" by their agreement to sell the team to the group headed by Isles co-Owner Howard Milstein and MD business exec Daniel Snyder, according to George Solomon of the WASHINGTON POST. Cooke's final bid of about $680M was not only less than the Milstein/Snyder group bid of $800M, but also less than that of AZ business exec Sam Grossman, who offered $720M. The NFL believes the trustees "should be flexible" in allowing Cooke to increase his bid if he wants to. NFL Senior VP/Communications & Government Affairs Joe Browne: "The current (Cooke) ownership has a proven track record. The continuity of this ownership would be a plus for the league, if it can be accomplished to the satisfaction of the trustees." However, a rep of the trustees said they had a "binding contract" with the Milstein group "that precludes our submitting any other proposals to the [NFL]." The NFL's Finance Committee wants the trustees "to consider submitting a proposal from Cooke" and has asked them "to explain at a meeting in Miami later this month under what circumstances they could submit a bid" from Cooke and "why they chose the Milstein group over [him]" (WASHINGTON POST, 1/18). SHOW ME THE MONEY: In DC, Tony Kornheiser questions where Cooke can "come up with" an additional $120M. Kornheiser: "This thing could end up strung out in court for years. It seemed like the Milsteins bought the Redskins fair and square" (WASHINGTON POST, 1/19).