Viking's Owners Hit With $84 Million Court Judgement

[pbmax]

The Wilf's have been ordered to pay $84 million to plaintiffs in a court case over a housing development/management deal.

http://profootballtalk.nbcsports.com/2013/09/23/wilfs-ordered-to-pay-at-least-84-million/

The order also calls for punitive damages that are not yet calculated and await a criminal probe. Apparently, though, according to PFT, Minnesota feels that the Wilf's have enough cash to handle the judgement and still contribute to the new stadium fund.

http://www.bizjournals.com/twincities/blog/sports-business/2013/09/authority-wilfs-money-vikings-stadium.html

But if I were the State of Minnesota, I would hire extra accountants to keep tabs on Wilf related developments.

http://www.nj.com/morris/index.ssf/2013/09/judge_announces_damages_of_51_million_against_wilf s_in_long-running_lawsuit.html

An appeal seems likely to be filed, delaying at least the punitive damages portion of the judgement.

http://www.startribune.com/politics/blogs/224892702.html

[Patler]

The initial finding that the Wilfs had committed fraud, breach of contract, breach of fiduciary duty, and civil racketeering triggered a review by authorities in Minnesota regarding the Wilfs ability to pay for their portion of the new stadium. It was determined that they have the cash to satisfy their obligations.

This brings up the question of whether the NFL has rules on ownership that might kick in. With a judgement like this against them, if they were attempting to buy a team now, I wonder if they would be approved?

[Cheesehead Craig]

Wilf is only on the hook for 60% of that 84M. His other two cohorts pay 20% each I believe. What an embarassing 24 hours for the Vikings. Losing to a team that is trying to tank and now this judgement being 34M more than what was thought was going to be the max.

PSLs just went up 50% on the new stadium.

[Guiness]

I bet he and Haslam had a lot to talk about at the owner's meetings!

[red]

and yet the state is still thinking about giving this crook hundreds of millions of tax payers money to build a new stadium and make his team more valuable

what a country

[mraynrand]

I bet he and Haslam had a lot to talk about at the owner's meetings!

Flying J could get Milf outta town in a heartbeat - and a fantastically reduced price!

[Cheesehead Craig]

and yet the state is still thinking about giving this crook hundreds of millions of tax payers money to build a new stadium and make his team more valuable

what a country

That's already a done deal. Unless Wilf declares bankruptcy or goes to jail there ain't no stopping the stadium up here.

You have money, you get what you want.

[Fritz]

Only in America.

[bobblehead]

I think he should be charged criminally for the product he puts on the field. FUcking PURPLE???

[CaptainKickass]

and...


FUCK THE VIKINGS!


(I'm ashamed and embarrassed that this thread went on so long without that)