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Tuesday, February 15, 2005

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:

At 3:58 PM, July 13, 2006, Anonymous Anonymous said...

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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