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Stadium Saga Part XIV: Design Star
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Purplexing


Joined: 13 Jan 2008
Posts: 4443
Location: Outside Valhalla, looking in.
PostPosted: Sun Aug 25, 2013 8:50 am    Post subject: Reply with quote

Sector7G wrote:


Sometimes, I would not wish being a Viking fan on my own worst enemy.
Sad


Got one of those ^ with him with Borg gear and the caption "Resistance is Futile" ?
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since72


Joined: 16 Mar 2006
Posts: 3561
PostPosted: Mon Aug 26, 2013 9:59 am    Post subject: Reply with quote

What? Me worry?

Back in May of 2005 when Zygi became the owner of the Vikings, Anoka county had already proposed a $1.6 billion development that would include a Viking stadium.

Wilf took the deal to Hennepin County and used it to try to get a downtown deal.

Anoka County pulled out.

When no deal came from Hennepin County, Ramsey County put together a proposal in Arden Hills.

Dayton, who needed support from his buddies at the Star-Tribune, asked for all the sites to put in their proposals. Ramsey County submitted a 100+ page detailed proposal, complete with funding specifications. Dayton submitted a four page "proposal" for a Hennepin County Star-Tribune Downtown site. Then declared the Hennepin County proposal was the only "viable" proposal. Nobody else submitted anything.

Dayton pushed it through the Minnesota congress promising that Wilf would put up half the money personally and the rest would be funded by voluntary gambling (electronic pull-tabs).

Zygi got the NFL to put up $200 million of his share and proposed to finance the rest of his share by getting season ticket holders to pay for the right to be season ticket holders (PSL's).

Electronic Pull-Tabs go belly up.

Smokers in Minnesota will now have to pay for the stadium, along with the NFL and Viking season ticket holders.

Wilf is found liable in a racketeering suit in New Jersey.

Wilf refuses to turn over his personal finances to the due diligence attorney.

What? Me worry?
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Purplexing


Joined: 13 Jan 2008
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PostPosted: Wed Aug 28, 2013 5:53 am    Post subject: Reply with quote

http://www.startribune.com/sports/vikings/blogs/221411171.html

(bold added for emphasis)

---------------------------------------------------------------------------------
Days after a public squabble over access to the financial records of Vikings owners Zygi and Mark Wilf, team representatives delivered some of that information Tuesday to the Minnesota Sports Facilities Authority.

Michele Kelm-Helgen, the authority chairwoman, said that attorneys and representatives for both sides planned to meet well into Tuesday night to review the financial data.

"Getting all that information is a very positive thing," she said.
-----------------------------------------------------------------------------------


So, now that some or all of the financial records sought by the MFSA have been submitted by the Wilfs, the questions remaining are:

What do the records indicate?
What will be the amount of the award in the Rachel Gardens verdict?

and...

---------------------------------------------------------------------------------
Tensions over the "due-dilgence" work bubbled up Friday, however, when an attorney with Dorsey & Whitney who is leading the probe, issued a statement saying that despite repeated requests, the Wilfs had to date "refused to provide us with any personal financial information that our advisors need to obtain comfort that the New Jersey court case will not impact their ability to meet their financial obligations."
----------------------------------------------------------------------------------

It would behoove the writer to spell check 'due diligence'.

This is a video taken last week, involving the accounting firm Dorsey & Whitney, Lester Bagley and Kelm-Helgen...

http://www.youtube.com/watch?v=4LcVQJ4IBtM
---------------------------------------------------------------------------------
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Purplexing


Joined: 13 Jan 2008
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PostPosted: Sat Aug 31, 2013 1:48 pm    Post subject: Reply with quote

Just when you thought it was safe to go in the water again,...

http://www.startribune.com/local/minneapolis/221880791.html

Land Grab!

A nasty dispute over land near the new Vikings stadium site escalated Friday when the public board overseeing construction charged the property owner with “grossly” overstating its value to squeeze millions of dollars from the deal as groundbreaking nears.

“From the public’s perspective, there’s no way we could ever agree to that,” said Michele Kelm-Helgen, chairwoman of the Minnesota Sports Facilities Authority.
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rpmwr19


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PostPosted: Sat Aug 31, 2013 1:49 pm    Post subject: Reply with quote

Thanks for continuously updating us on this process Purplexing.
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disaacs


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PostPosted: Wed Sep 04, 2013 1:05 pm    Post subject: Reply with quote

Quote:
The Minnesota Sports Facilities Authority said its audit of the Wilfs is nearing completion and the preliminary finding is that the Vikings have the “financial capability” to uphold their end of stadium agreement.


http://min.scout.com/2/1322904.html

You don't say? Wink
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Sector7G


Joined: 21 Jan 2013
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PostPosted: Wed Sep 04, 2013 6:41 pm    Post subject: Reply with quote

disaacs wrote:
Quote:
The Minnesota Sports Facilities Authority said its audit of the Wilfs is nearing completion and the preliminary finding is that the Vikings have the “financial capability” to uphold their end of stadium agreement.


http://min.scout.com/2/1322904.html

You don't say? Wink



Is it finally over? Laughing


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Purplexing


Joined: 13 Jan 2008
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PostPosted: Wed Sep 04, 2013 7:05 pm    Post subject: Reply with quote

Sector7G wrote:
disaacs wrote:
Quote:
The Minnesota Sports Facilities Authority said its audit of the Wilfs is nearing completion and the preliminary finding is that the Vikings have the “financial capability” to uphold their end of stadium agreement.


http://min.scout.com/2/1322904.html

You don't say? Wink



Is it finally over? Laughing


Except for the work by the accountants hired by the court that judged against the Wilfs about a month ago.

The award amount may be significant, and may impact the Wilf's financial ability to perform all obligations under the current contract. For example,
say the Wilfs have a net worth of X, and the judge awards the plaintiff Y. The above news means X is adequate to perform fiduciary duties, but after we learn the verdict award Y, X-Y may not be adequate.

We don't have all the details to be sure of anything.... yet.

Tune in again next week for another episode of "Land of 10,000 Lakes and 60,000 PSLs." Wink
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vike daddy


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PostPosted: Sat Sep 14, 2013 8:15 am    Post subject: Reply with quote

The Minnesota Vikings' owners do, indeed, have the money to pay their share of a new stadium, a financial review released Friday finds, confirming a preliminary report from last week.

No numbers were given, but Zygi and Mark Wilf have "significant holdings" that will allow them to meet their stadium commitments no matter the outcome of a New Jersey civil case in which they're involved, said the lawyer hired by the public stadium authority to probe the Wilfs' background and finances.

http://www.twincities.com/politics/ci_24088808/vikings-stadium-authority-release-review-wilfs-finances-this
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Purplexing


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PostPosted: Sat Sep 14, 2013 8:18 am    Post subject: Reply with quote

vike daddy wrote:
The Minnesota Vikings' owners do, indeed, have the money to pay their share of a new stadium, a financial review released Friday finds, confirming a preliminary report from last week.

No numbers were given, but Zygi and Mark Wilf have "significant holdings" that will allow them to meet their stadium commitments no matter the outcome of a New Jersey civil case in which they're involved, said the lawyer hired by the public stadium authority to probe the Wilfs' background and finances.

http://www.twincities.com/politics/ci_24088808/vikings-stadium-authority-release-review-wilfs-finances-this


So, what do independent lawyers or accountants say in the matter?

The verdict is in, but the award is not in.

"No numbers were given". Typical.
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vike daddy


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PostPosted: Mon Sep 23, 2013 8:48 pm    Post subject: Reply with quote

Minneapolis will submit a bid for the 2017 College Football Championship Game, according to CBSSports.com. Minnesota Viking vice president Lester Bagley told Fowler that his organization, plus the Timberwolves, the Twins, the University of Minnesota and the city’s visitor’s bureau is ready to put a lot of money behind the effort.

The city could have plenty of competition in its bid, including from Jacksonville, Miami, San Antonio, San Francisco and Tampa.

Playing in Minnesota in January means snow could play a factor, but Fowler believes potential weather concerns could be offset by the allure of the new Vikings Stadium, set to open in 2016.

http://collegefootballtalk.nbcsports.com/2013/09/22/report-minneapolis-wants-2017-title-game/
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Sector7G


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PostPosted: Mon Sep 23, 2013 9:10 pm    Post subject: Reply with quote

vike daddy wrote:
Minneapolis will submit a bid for the 2017 College Football Championship Game, according to CBSSports.com. Minnesota Viking vice president Lester Bagley told Fowler that his organization, plus the Timberwolves, the Twins, the University of Minnesota and the city’s visitor’s bureau is ready to put a lot of money behind the effort.

The city could have plenty of competition in its bid, including from Jacksonville, Miami, San Antonio, San Francisco and Tampa.

Playing in Minnesota in January means snow could play a factor, but Fowler believes potential weather concerns could be offset by the allure of the new Vikings Stadium, set to open in 2016.

http://collegefootballtalk.nbcsports.com/2013/09/22/report-minneapolis-wants-2017-title-game/



I hope we get it. But man, do I cringe whenever I see this thread bumped.
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Klomp


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PostPosted: Mon Sep 23, 2013 9:22 pm    Post subject: Reply with quote

vike daddy wrote:
The city could have plenty of competition in its bid, including from Jacksonville, Miami, San Antonio, San Francisco and Tampa.


Obviously not the only factor, but SF is the only other town with a new stadium.
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vike daddy


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PostPosted: Mon Sep 23, 2013 9:42 pm    Post subject: Reply with quote

Klomp wrote:
vike daddy wrote:
The city could have plenty of competition in its bid, including from Jacksonville, Miami, San Antonio, San Francisco and Tampa.

Obviously not the only factor, but SF is the only other town with a new stadium.

outdoor stadium though?

San Fran could be a little cold and wet in January...
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PurpleNation22


Joined: 07 Jan 2013
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PostPosted: Mon Sep 23, 2013 9:57 pm    Post subject: Reply with quote

Sector7G wrote:
vike daddy wrote:
Minneapolis will submit a bid for the 2017 College Football Championship Game, according to CBSSports.com. Minnesota Viking vice president Lester Bagley told Fowler that his organization, plus the Timberwolves, the Twins, the University of Minnesota and the city’s visitor’s bureau is ready to put a lot of money behind the effort.

The city could have plenty of competition in its bid, including from Jacksonville, Miami, San Antonio, San Francisco and Tampa.

Playing in Minnesota in January means snow could play a factor, but Fowler believes potential weather concerns could be offset by the allure of the new Vikings Stadium, set to open in 2016.

http://collegefootballtalk.nbcsports.com/2013/09/22/report-minneapolis-wants-2017-title-game/



I hope we get it. But man, do I cringe whenever I see this thread bumped.


Happens to me EVERYTIME
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