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SBD/Issue 88/FranchisesPrint All
Following multiple reports this week around the potential sale of the Vikings to Arizona entrepreneur Reggie Fowler, Vikings Owner Red McCombs yesterday released a statement saying, “None of the media reports concerning the potential sale of the Vikings are correct. I am continuing to work with our staff on preparing the Vikings for the 2005 season” (Vikings). But in Minneapolis, Kevin Seifert writes T’Wolves Owner Glen Taylor last night “issued his own declaration that in essence confirmed most of what has been reported this week.” Taylor: “It’s been reported that Reggie is working with him and I’m holding back. That’s what I’m doing.” Taylor also acknowledged that he met with McCombs in San Antonio last weekend, but the two “could not agree on a sale price” (STAR TRIBUNE, 1/27). More Taylor: “I have a group, we’re still interested. But we’re just going to wait. ... It isn’t that I need to have another team. If another group can put it together, I’m pleased to help them” (ST. PAUL PIONEER PRESS, 1/27). Meanwhile, a source of ESPN’s Chris Mortensen said Fowler is “not even a factor. The feeling is, he’s trying to intimidate Glen Taylor, but Taylor doesn’t need to be intimidated – he’s done very little to make this happen” (ESPN.com, 1/26).
A-Okay: Lewis Wolff Moves Step
Closer To Acquring Team
MLB has approved legal documents for the sale of the A’s from co-Owners Steve Schott and Ken Hofmann to VP/Venue Development Lewis Wolff, which “leaves only two main hurdles” approval by 75% of MLB owners and having the Network Associates Coliseum lease transferred to Wolff according to Kroichick & Shea of the S.F. CHRONICLE. The team is expected to sell for at least $150M. While MLB owners are not scheduled to meet again until May, they “might formally consider the A’s sale before then.” Schott: “I would think it could get done before Opening Day and maybe even before spring training gets into full swing.” An MLB spokesperson said that owners could vote via conference call, but there is “no apparent urgency.” The spokesperson: “It’s more in our hands to go through all the documents, do all the background checks, everything related to the final closing” (S.F. CHRONICLE, 1/27). Schott, on formally completing the sale: “It’s down the road a way, but we’re still not there yet” (CONTRA COSTA TIMES, 1/27).