Zero2Cool
11 years ago

ESPN's Adam Schefter makes two important points in this video report on Minnesota Vikings owner Zygi Wilf, whose family is on the losing end of a 21-year legal fight with former partners in a real estate venture. Both points draw important distinctions between this case and the one involving current Cleveland Browns owner Jimmy Haslam. First, the case was based on civil rather than criminal law. Second, its duration means the NFL was fully aware of it when the Wilfs bought a controlling interest in the franchise in 2005.

Kevin Seifert  wrote:


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Wade
  • Wade
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11 years ago
I venture there's not a billionaire in the world who hasn't been involved in major civil litigation more than once. It goes with the territory.

And, IMO, you don't make/keep billions without occasionally being "in the wrong" for such cases.

If the owners disciplined Wilf for his, the only team not disciplined would be the Packers. And (maybe) the Raiders, since their current ownership is relatively new to a good chunk of its wealth.
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
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Pack93z
11 years ago

Like I mentioned in the shout the other day, the relatively quiet training camp for the Vikes might get a bit more noisy with this coming to light.

It may or may not negatively affect the team on the field... but it certainly will not help them either.

Distractions.

The NFL doesn’t plan to take action in the wake of the civil fraud verdict against Vikings owners Zygi and Mark Wilf. But Minnesota governor Mark Dayton apparently will.

According to KSTP-TV, Dayton is “deeply concerned” about a New Jersey judge’s findings of fraud committed by the Wilfs in a business transaction. The 21-year-old lawsuit arose from allegedly inaccurate financial accounting in connection with a partnership that built and maintained an apartment complex in New Jersey.

In the wake of the ruling, Dayton has urged a final review of the Vikings stadium deal to ensure that there was no fraud or other inappropriate business dealings.

“I would urge the [Stadium Authority] to have its legal counsel assure them and the people of Minnesota that all the representations made by the team and its owners are truthful and accurate,” Dayton said.

PFTalk  wrote:


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Florio begging for clicks again.

Dayton is concerned, and honestly it's not unwarranted. But there's not a whole lot he can do about it. Vikings have already commented saying that their funds for the deal will be 100% guaranteed. Thus, no need to worry. I don't blame Dayton and others to be diligent on this, but this is hardly a blip. Unless something comes to light that NO ONE knows about, this will be all but forgotten by the 2nd week of the season.
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Formo
11 years ago

Like I mentioned in the shout the other day, the relatively quiet training camp for the Vikes might get a bit more noisy with this coming to light.

It may or may not negatively affect the team on the field... but it certainly will not help them either.

Distractions.

Originally Posted by: Pack93z 



In my estimation, that this is the ONLY non-football related news coming out of TC for the Vikings is a great sign. I don't think this'll affect the team on-field in any way. I agree that it doesn't help.. but that's the nature of the beast.
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Pack93z
11 years ago
Still more muted drama for the Vikings.. again, probably has no effect on field this season.. if ever. But.....  

Vikings stadium faces final, unexpected hurdle 

Posted by Mike Florio on August 12, 2013, 11:39 PM EDT

Last week’s civil verdict against Vikings owners Zygi and Mark Wilf initially attracted attention because it flowed from a 21-year-old lawsuit. Ultimately, it could make it harder for the Vikings to escape their 31-year-old home.

Given that the litigation arose from allegedly inappropriate business practices committed by the Wilfs in an unrelated context, Governor Mark Dayton has urged the Metropolitan Sports Facilities Authority to make one final review of the stadium deal, to ensure that no chicanery occurred in the negotiations. And that’s precisely what the MSFA’s board is doing.

“Everybody is on high alert that this is going to be looked at under a fine microscope,” member Duane Benson said, via the Minneapolis Star Tribune. “The governor is not going to, nor are we going to, treat this lightly. A lot of legislators will be watching this very closely, as well we should.”

Technically, the stadium deal isn’t finalized. If a fine-toothed comb reveals issues or potential misrepresentations or other evidence of underhanded business practices, the agreement could potentially implode.

If actual or apparent proof of misconduct appears, it would indeed be proper to ask questions and to resolve any issues that arise. It would be improper, however, for the powers-that-be to use an unrelated lawsuit as cover to squeeze the Wilfs into reconfiguring a bargain about which some politicians may be having remorse.


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
wpr
  • wpr
  • Preferred Member
11 years ago
That would be funny in a sick and twisted sort of way if they stadium deal comes tumbling down. Personally I don't like the idea of another downtown stadium but I don't get a voice int he matter. My vote is for the unused land in St Paul. It will have to be cleaned up first and the infrastructure built I can't see anyone else using the land for a major project anytime soon.
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Formo
11 years ago
Florio reaching for clicks again.
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wpr
  • wpr
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11 years ago

Florio reaching for clicks again.

Originally Posted by: Formo 



maybe so but doesn't make it untrue.
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Formo
11 years ago

maybe so but doesn't make it untrue.

Originally Posted by: wpr 



Stretching or leaving out details of the truth does not equal untruth, no. But doesn't make it truth, either.
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beast (24-Dec) : Sounds like no serious injuries from the Saints game and Jacobs and Watson should play in the Vikings game
packerfanoutwest (24-Dec) : both games Watson missed, Packers won
Martha Careful (24-Dec) : I hope all of you have a Merry Christmas!
Mucky Tundra (24-Dec) : Oh I know about Jacobs, I just couldn't pass up an opportunity to mimic Zero lol
buckeyepackfan (24-Dec) : Jacobs was just sat down, Watson re-injured that knee that kept him out 1 game earlier
buckeyepackfan (24-Dec) : I needed .14 that's. .14 points for the whole 4th quarter to win and go to the SB. Lol
Mucky Tundra (24-Dec) : Jacobs gonna be OK???
Zero2Cool (24-Dec) : Watson gonna be OK???
packerfanoutwest (24-Dec) : Inactives tonight for the Pack: Alexander- knee Bullard - ankle Williams - quad Walker -ankle Monk Heath
packerfanoutwest (24-Dec) : No Jaire, but hopefully the front 7 destroys the line of scrimmage & forces Rattler into a few passes to McKinney.
packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed
Zero2Cool (23-Dec) : We'd have same Division and Conference records. Strength of schedule we edge them
Zero2Cool (23-Dec) : I just checked. What tie breaker?
bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner
Zero2Cool (23-Dec) : Ahh, ok.
bboystyle (23-Dec) : yes due to tie breaker
Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.
Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?
bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference
Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network
beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th
beast (23-Dec) : Mucky, I thought the ad revenue went to the broadcasting companies or the NFL, at least not directly
Zero2Cool (23-Dec) : I think the revenue share is moot, isn't it? That's the CBA an Salary Cap handling that.
bboystyle (23-Dec) : i mean game becomes irrelevant if we win tonight. Just a game where we are trying to play spoilers to Vikings chance at the #1 seed
Mucky Tundra (23-Dec) : beast, I would guess ad revenue from more eyes watching tv
Zero2Cool (23-Dec) : I would think it would hurt the home team because people would have to cancel last minute maybe? i dunno
beast (23-Dec) : I agree that it's BS for fans planning on going to the game. But how does it bring in more money? I'm guessing indirectly?
packerfanoutwest (23-Dec) : bs on flexing the game....they do it for the $$league$$, not the hometown fans
Zero2Cool (23-Dec) : I see what you did there Mucky
Zero2Cool (23-Dec) : dammit. 3:25pm
Zero2Cool (23-Dec) : Packers Vikings flexed to 3:35pm
Mucky Tundra (23-Dec) : Upon receiving the news about Luke Musgrave, I immediately fell to the ground
Mucky Tundra (23-Dec) : Yeah baby!
Zero2Cool (23-Dec) : LUKE MUSGRAVE PLAYING TONIGHT~!~~~~WOWHOAAOHAOAA yah
Zero2Cool (23-Dec) : I wanna kill new QB's ... blitz the crap out of them.
beast (23-Dec) : Barry seemed to get too conservative against new QBs, Hafley doesn't have that issue
Zero2Cool (23-Dec) : However, we seem to struggle vs new QB's
Zero2Cool (23-Dec) : Should be moot point, cuz Packers should win tonight.
packerfanoutwest (23-Dec) : ok I stand corrected
Zero2Cool (23-Dec) : Ok, yes, you are right. I see that now how they get 7th
Zero2Cool (23-Dec) : 5th - Packers win out, Vikings lose out. Maybe?
beast (23-Dec) : Saying no to the 6th lock.
beast (23-Dec) : No, with the Commanders beating the Eagles, Packers could have a good chance of 6th or 7th unless the win out
Zero2Cool (23-Dec) : I think if Packers win, they are locked 6th with chance for 5th.
beast (23-Dec) : But it doesn't matter, as the Packers win surely win one of their remaining games
beast (23-Dec) : This is not complex, just someone doesn't want to believe reality
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