Forbes Says Zygi Will Sell Vikings

Forbes.com writer Michael Ozanian recently mused that Viking’s owner Zygi Wilf wants to land Brett Favre to increase the value of his team, in order to make it more attractive to potential buyers.

Here’s what he says:

The Minneapolis television station report that Brett Favre has just signed a contract with the Minnesota Vikings tells me that team owner Zygmunt Wilf wants to unload the franchise he bought for $600 million just four years ago.

The organization has been a laughingstock for the NFL and Wilf desperately wants to create some positive buzz for his team. The Vikings play in the antiquated Metrodome and Wilf’s gamble was that he would get taxpayers to build him a new stadium. Taxpayers repeatedly said no way.

With taxpayers now funding a large chunk of a new stadium for the Minnesota Twins and the economy in a shambles, Wilf’s stadium Hail Mary has zero chance of being completed. He could have gotten around $850 million for the team a year ago. But with at least seven NFL team owners looking to sell their teams right now Wilf will be lucky to get $750 million for his debt laden team. Let the laughing continue.

First off, that’s not very nice.

Secondly, his opinion only makes partial sense, and reeks of a half-baked idea by somebody that doesn’t really know much about football.

I’ve repeatedly said that I think signing Favre is a bad football strategy but a great business strategy.  I think the generated buzz, ticket sales, retail sales, and so on will possibly be able to pull the Vikings out of the financial gutter and even help get a stadium passed.  If you recall, even Minnesota Governor Tim Pawlenty was a supporter of the Favre signing.

Wilf seems to be one of the more trustworthy and honest owners that the Vikings have ever had.  We don’t have much reason not to believe him when he says he’s in it for the long haul and has no interest in selling.

According to the Star Tribune, the Vikings have opted not to respond to the opinion piece.  And if you recall, Brad Childress recently made it clear that the Vikings have no interest in responding to fabricated, unfounded, and inaccurate speculation.

Therefore, one can deduce that the Vikings unwillingness to respond means that this story is probably fabricated, unfounded, and inaccurate speculation.

Related Posts Plugin for WordPress, Blogger...

Enjoyed this post?
Subscribe to Vikings Gab via RSS Feed or E-mail and receive daily news updates from us!

Submit to Digg  Stumble This Story  Share on Twitter  Post on Facebook  Post on MySpace  Add to del.icio.us  Bark It Up  Submit to Reddit  Fave on Technorati

One Response to “Forbes Says Zygi Will Sell Vikings”

  1. Aaron says:

    You make really good points here, and I agree that the speculation of Wilf selling the team right now, although you could argue for it, seems pretty silly. Why would any good business man try selling a cash cow of an NFL team when things get a little bumpy? With 7 other owners trying to do the same thing, the supply is far greater than the demand for the team here.

    Wilf will wait. He may sell in the future, but I think the signing of Brett Favre and now Marvin Harrison reaks of a business move as well.

    Good post.

Leave a Reply