Stadium thoughts
Red McCombs paid $246 million for the Vikings in 1998. He is selling the team for $625 million in 2005, a gain of 154% in seven years, or about 14% compounded per year. He has also made money every from owning the team, and made $20 million selling Viking Food Service. All in all, he probably made half a billion dollars off this team.
And these people want the taxpayers of Minnesota to foot the bill for a new stadium?
1 Comments:
I remember a few years back, the North Stars got real demanding and we showed them the door. What happened to that spine? Let them become some other state's problem.
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