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]
UserPostedImage
Fan Shout
packerfanoutwest (10-Jul) : Us Padres fans love it....But it'll be a Dodgers/Yankees World Series
Zero2Cool (9-Jul) : Brewers sweep Dodgers. Awesome
Mucky Tundra (6-Jul) : And James Flanigan is the grandson of Packers Super Bowl winner Jim Flanigan Sr.
Mucky Tundra (6-Jul) : Jerome Bettis and Jim Flanigans sons as well!
Zero2Cool (6-Jul) : Thomas Davis Jr is OLB, not WR. Oops.
Zero2Cool (6-Jul) : Larry Fitzgeral and Thomas Davis sons too. WR's as well.
Mucky Tundra (5-Jul) : Kaydon Finley, son of Jermichael Finley, commits to Notre Dame
dfosterf (3-Jul) : Make sure to send my props to him! A plus move!
Zero2Cool (3-Jul) : My cousin, yes.
dfosterf (3-Jul) : That was your brother the GB press gazette referenced with the red cross draft props thing, yes?
Zero2Cool (2-Jul) : Packers gonna unveil new throwback helmet in few weeks.
Mucky Tundra (2-Jul) : I know it's Kleiman but this stuff writes itself
Mucky Tundra (2-Jul) : "Make sure she signs the NDA before asking for a Happy Ending!"
Mucky Tundra (2-Jul) : @NFL_DovKleiman Powerful: Deshaun Watson is taking Shedeur Sanders 'under his wing' as a mentor to the Browns QBs
Zero2Cool (30-Jun) : Dolphins get (back) Minkah Fitzpatrick in trade
Zero2Cool (30-Jun) : Steelers land Jalen Ramsey via Trade
dfosterf (26-Jun) : I think it would be great to have someone like Tom Grossi or Andy Herman on the Board of Directors so he/they could inform us
dfosterf (26-Jun) : Fair enough, WPR. Thing is, I have been a long time advocate to at least have some inkling of the dynamics within the board.
wpr (26-Jun) : 1st world owners/stockholders problems dfosterf.
Martha Careful (25-Jun) : I would have otherwise admirably served
dfosterf (25-Jun) : Also, no more provision for a write-in candidate, so Martha is off the table at least for this year
dfosterf (25-Jun) : You do have to interpret the boring fine print, but all stockholders all see he is on the ballot
dfosterf (25-Jun) : It also says he is subject to another ballot in 2028. I recall nothing of this nature with Murphy
dfosterf (25-Jun) : Ed Policy is on my ballot subject to me penciling him in as a no.
dfosterf (25-Jun) : I thought it used to be we voted for the whatever they called the 45, and then they voted for the seven, and then they voted for Mark Murphy
dfosterf (25-Jun) : Because I was too lazy to change my address, I haven't voted fot years until this year
dfosterf (25-Jun) : of the folks that run this team. I do not recall Mark Murphy being subject to our vote.
dfosterf (25-Jun) : Ed Policy yay or nay is on the pre-approved ballot that we always approve because we are uninformed and lazy, along with all the rest
dfosterf (25-Jun) : Weird question. Very esoteric. For stockholders. Also lengthy. Sorry. Offseason.
Zero2Cool (25-Jun) : Maybe wicked wind chill made it worse?
Mucky Tundra (25-Jun) : And then he signs with Cleveland in the offseason
Mucky Tundra (25-Jun) : @SharpFootball WR Diontae Johnson just admitted he refused to enter a game in 41° weather last year in Baltimore because he felt “ice cold”
Zero2Cool (24-Jun) : Yawn. Rodgers says he is "pretty sure" this be final season.
Zero2Cool (23-Jun) : PFT claims Packers are having extension talks with Zach Tom, Quay Walker.
Mucky Tundra (20-Jun) : GB-Minnesota 2004 Wild Card game popped up on my YouTube page....UGH
beast (20-Jun) : Hmm 🤔 re-signing Walker before Tom? Sounds highly questionable to me.
Mucky Tundra (19-Jun) : One person on Twitter=cannon law
Zero2Cool (19-Jun) : Well, to ONE person on Tweeter
Zero2Cool (19-Jun) : According to Tweeter
Zero2Cool (19-Jun) : Packers are working on extension for LT Walker they hope to have done before camp
dfosterf (18-Jun) : E4B landed at Andrews last night
dfosterf (18-Jun) : 101 in a 60
dfosterf (18-Jun) : FAFO
Zero2Cool (18-Jun) : one year $4m with incentives to make it up to $6m
dfosterf (18-Jun) : Or Lions
dfosterf (18-Jun) : Beats the hell out of a Vikings signing
Zero2Cool (18-Jun) : Baltimore Ravens now have signed former Packers CB Jaire Alexander.
dfosterf (14-Jun) : TWO magnificent strikes for touchdowns. Lose the pennstate semigeezer non nfl backup
dfosterf (14-Jun) : There was minicamp Thursday. My man Taylor Engersma threw
dfosterf (11-Jun) : There will be a mini camp practice Thursday.
Please sign in to use Fan Shout
2025 Packers Schedule
Sunday, Sep 7 @ 3:25 PM
LIONS
Thursday, Sep 11 @ 7:15 PM
COMMANDERS
Sunday, Sep 21 @ 12:00 PM
Browns
Sunday, Sep 28 @ 7:20 PM
Cowboys
Sunday, Oct 12 @ 3:25 PM
BENGALS
Sunday, Oct 19 @ 3:25 PM
Cardinals
Sunday, Oct 26 @ 7:20 PM
Steelers
Sunday, Nov 2 @ 12:00 PM
PANTHERS
Monday, Nov 10 @ 7:15 PM
EAGLES
Sunday, Nov 16 @ 12:00 PM
Giants
Sunday, Nov 23 @ 12:00 PM
VIKINGS
Thursday, Nov 27 @ 12:00 PM
Lions
Sunday, Dec 7 @ 12:00 PM
BEARS
Sunday, Dec 14 @ 3:25 PM
Broncos
Friday, Dec 19 @ 11:00 PM
Bears
Friday, Dec 26 @ 11:00 PM
RAVENS
Saturday, Jan 3 @ 11:00 PM
Vikings
Recent Topics
10-Jul / Green Bay Packers Talk / beast

10-Jul / Around The NFL / Zero2Cool

6-Jul / Random Babble / Martha Careful

4-Jul / Green Bay Packers Talk / wpr

2-Jul / Green Bay Packers Talk / dfosterf

2-Jul / Fantasy Sports Talk / dfosterf

1-Jul / Green Bay Packers Talk / wpr

29-Jun / Green Bay Packers Talk / Zero2Cool

25-Jun / Around The NFL / Martha Careful

23-Jun / Green Bay Packers Talk / Mucky Tundra

20-Jun / Green Bay Packers Talk / wpr

20-Jun / Green Bay Packers Talk / beast

20-Jun / Green Bay Packers Talk / beast

18-Jun / Random Babble / Zero2Cool

16-Jun / Green Bay Packers Talk / dfosterf

Headlines
Copyright © 2006 - 2025 PackersHome.com™. All Rights Reserved.