Pack93z
  • Pack93z
  • Select Member Topic Starter
11 years ago
I am sure that this is just a misunderstanding.. lol.

The owners of the Minnesota Vikings were ordered to pay nearly $85 million in damages to former business partners they defrauded with "evil motive", and will face a criminal investigation into their actions, which a judge declared violated racketeering laws. There's a chance this ruling could hold up plans for a new Vikings stadium.

Zygi Wilf, the majority owner of the team, and his brother Mark and cousin Leonard were found liable for fraud, breach of contract, and breach of fiduciary duty, for their roles in scamming former partners out of the profits of a New Jersey apartment complex. The Wilfs withheld revenues and charged unauthorized fees and interest payments for decades. "Organized crime-type activities," the judge called them, finding they violated the state's RICO act.

"Zygi and his father decided...that the Reichmanns had gotten too good a deal," Superior Court Judge Deanne Wilson declared. "And so they were just simply not going to honor it."

Yesterday, the judge ruled on damages. The Wilfs must pay a whopping $84.5 million, including $36.8 million in punitive damages. Under New Jersey law, the case will now be sent to the county prosecutor and state attorney general for a criminal investigation.

More... 

DeadSpin  wrote:


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Pack93z
  • Pack93z
  • Select Member Topic Starter
11 years ago
One of the judges statements:


"I do not believe I have seen one single financial statement that is true and accurate."


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Pack93z
  • Pack93z
  • Select Member Topic Starter
11 years ago
More... I kinda feel for the true purple Viking fans.. they seem to get the shaft over and over.

Even if the Wilfs are good for it, it's bad news for a stadium deal that went sour almost immediately. Minnesota promised taxpayers wouldn't feel the brunt of the state's contributions because they would come from the proceeds of electronic gambling machines, which were projected to haul in $35 million over the first year. They earned the state $0, and some politicians are demanding an investigation .



Here is a segment of that article on the would be investigation...


A state senator and ardent critic of the public financing plan for the new Vikings stadium wants Minnesota lawmakers to investigate failed revenue projections for the project.

The state's $348 million piece of the $975 million stadium project in downtown Minneapolis was to be driven by increased tax revenue from the new, electronic forms of pull-tabs and bingo. Current projections show the electronic games will bring in $1.7 million by the end of 2013 -- just 5 percent of the original estimates.

Sen. Sean Nienow, R-Cambridge, wrote a letter to Sen. Dick Cohen, DFL-St. Paul, the chairman of the Senate Finance Committee, asking for hearings on the matter.

"I was skeptical from the beginning on Governor Dayton's estimates of money that would be generated from electronic pull-tabs. Now we're seeing his estimates are completely off, not even remotely close," Nienow wrote.

The stadium financing package was passed last year with bipartisan support. Republicans were in control of both the House and the Senate at the time, and DFL Gov. Mark Dayton signed it into law.


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Cheesey
11 years ago
This in from "Cheesey News".........

"The Wilfs, in an attempt to end the conflict with their ex-business partners, agreed to give complete ownership of the Minnesota Vikings to the ex-partners.
The ex-partners said "NO WAY!!!! We want something of VALUE!"
[grin1]
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Mucky Tundra (31m) : Needed a Falcons loss for a Seahawk loss to clinch
buckeyepackfan (49m) : Am I wring in saying if Tge Vikings beat The Seahawks, The Packers clinch?
Mucky Tundra (21-Dec) : Agreed; you stinks
Zero2Cool (21-Dec) : I'm not beating anyone. I stinks.
Mucky Tundra (21-Dec) : rough injury for tank dell. guy can't catch abreak
beast (21-Dec) : So far the college playoffs have sucked... One team absolutely dominates the other
beast (21-Dec) : Well even if you weren't positive towards a guy, you wouldn't nessarily want to tell the media that (if they don't know about it)
Martha Careful (21-Dec) : I think MLF want Love to look past the end half issues, and feel good about his play. Our coaches generally keep a very positive tone.
beast (21-Dec) : I think a great running game will do that for most QBs
packerfanoutwest (21-Dec) : Coach Matt LaFleur has said quarterback Jordan Love is playing the best football of his career.
beast (21-Dec) : Oh, that's how you keep beating buckeye, with cheating
Zero2Cool (20-Dec) : There is a rule that if your name starts with 'b' you lose 15 points. Hey, I don't make the rules, I just enforce them!
wpr (20-Dec) : and then there is Beast. Running away with it all.
beast (20-Dec) : As of tonight, 3 way tie for 2nd in Pick'em, that battle is interesting!
beast (20-Dec) : Lions vs Vikings could be the main last game as it could determine division winners or #1 vs #2 seed
Mucky Tundra (20-Dec) : Or if KC needs to win for the #1 seed
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Mucky Tundra (20-Dec) : The entirety of week 18 being listed as flex is weird
Zero2Cool (19-Dec) : Matt LaFleur today says unequivocally "Ted Thompson had nothing to do with the drafting of Jordan Love."
Zero2Cool (19-Dec) : Apparently, the editing is what pieces comments together. That Ted thing ... fake news.
Zero2Cool (19-Dec) : LaFleur "opportunity that Ted Thompson thought was too good to pass up"
Zero2Cool (19-Dec) : Jordan Love pick was Ted Thompson's idea.
Mucky Tundra (19-Dec) : Kyle Shanahan on signing De'Vondre Campbell as a FA last offseason: “We obviously made a mistake.”
packerfanoutwest (19-Dec) : Alexander’s last season with GB
Martha Careful (18-Dec) : if I were a professional athlete, I would probably look to see who the agent is for Kirk Cousins and then use him
beast (18-Dec) : $100 million fully guaranteed Kirk Cousins gets benched for rookie
Mucky Tundra (18-Dec) : a lower case b
Mucky Tundra (18-Dec) : The real lie is how beast capitalized his name in his message while it's normally spelled with
packerfanoutwest (18-Dec) : haha that's a lie
beast (17-Dec) : Despite what lies other might tell, Beast didn't hate the Winter Warnings, it felt refreshing to Beast for some reason.
Zero2Cool (17-Dec) : whiteout uniforms in general are pretty lame and weak. NFL greed at it's worst
Martha Careful (17-Dec) : The Viking uniforms, the whiteout uniforms specifically absolutely suck
beast (17-Dec) : Thanks Zero2Cool, looks a lot better now
beast (17-Dec) : Seems like someone has a crush on me, can't stop talking about me
Zero2Cool (17-Dec) : Should be gooder now. The forum default theme went to goofy land.
Zero2Cool (17-Dec) : What the hell
packerfanoutwest (17-Dec) : yeah beast hates the Winter Warning Unies
Mucky Tundra (16-Dec) : Okay I'm glad to know it's not just something happening to me lol
Mucky Tundra (16-Dec) : Zero, did you copy the Packers uniforms from last night and white out the board?
beast (16-Dec) : Oh crap, is the board going to the Winter Warning Uniforms too?!? It's all white on white right now!
Zero2Cool (16-Dec) : WR Odell Beckham Jr is officially a free agent after clearing waivers.
Zero2Cool (16-Dec) : Packers are 6th in sacks.
Zero2Cool (16-Dec) : RB David Montgomery will undergo season-ending knee surgery.
Mucky Tundra (16-Dec) : Dan Campbell on onside kick with 12 minutes left: In hindsight, wish I didn’t do that
Zero2Cool (16-Dec) : They have that whole 12th man thing so ...
Zero2Cool (16-Dec) : Of the times we've played there, I just can't recall hearing our fans.
wpr (16-Dec) : Well done jdlax. Well done.
wpr (16-Dec) : I think more likely to be Pack fans that live in the area.
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