Sunday, February 20, 2005

Viking Ramblings

Now it is the owner. Why are so many big moments in the Vikings organization tainted by controversy? Owner falsifying his own resume, idiotic timing of Tice’s contract and of course missing the bell in 2 drafts. Hopefully this is just a signature of the McCombs ownership and hasn’t become rooted in the organization. However, I am not too enamored of Reggie Fowler, and not just because of the resume flap (not helping though).

The fans shouldn’t be standing for this new owner. I don’t care that he is black. He’s just not rich enough. If the financial stuff released so far is accurate (worth ~400 million), he won’t have much wiggle room. With the debt he will be paying back and a really big chunk of his equity wrapped up in the team, he won’t have much mad money to throw around as signing bonuses.

Glen Taylor is rich enough (1.8 billion) but doesn’t seem to throw a ton of money at the Wolves, but he could if he wanted. The NFL is the ultimate ego club, and I imagine it could change you, loosen the purse strings perhaps. I still think Taylor has a chance at the team.

I don’t know if Fowler will be able to come up with the money in a way that satisfies the NFL. Fowler wants to retain control of his company, so he can’t raise the money by selling so much stock that he looses control. He’s going to borrow money from himself. The finances get really complicated at this level and more than one ownership bid has been shot down by the NFL. I hope this bid gets srejected just like Tom Clancy's...shudder.

However, if it happens I hope Fowler all the luck in the world...He's going to need it.

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