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).
