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Continued: Wilfs' delay in releasing financial data may postpone stadium schedule

  • Article by: RICHARD MERYHEW , Star Tribune
  • Last update: August 27, 2013 - 6:26 AM

In a statement Monday, NFL executive vice president Eric Grubman said the league’s commitment to the project — a $200 million loan — is secure and on track.

“The financial commitments are very strong from the Vikings and the NFL,” he said. “The NFL fully intends to proceed with its financial commitment to this project. The project needs the support of all parties to remain on time, and we expect all parties will work diligently toward that goal.”

Tensions bubble up

Tensions between the authority and team surfaced just days after the authority ordered the deeper background check into the Wilfs’ finances.

At the time, Kelm-Helgen told the Vikings that the authority planned to bill them or the Wilfs for the audit, a tab that could easily reach six figures.

Bagley responded by saying simply, “we don’t have a business relationship” with the law firm or forensic accounting firm performing the work.

A week later, the Vikings broke off talks on the lease and development agreements. A day later, the authority went public with its frustrations at its monthly board meeting.

When Bagley later said the team was cooperating fully with the review and providing all documents requested, attorney Peter Carter of Dorsey & Whitney, who is leading the audit, issued a statement saying that was not the case.

“They keep telling us that everything is fine and in order,” Kelm-Helgen said Monday of the team and the Wilfs. “That’s good, but we need to see it.”

John Wood, senior vice president for Mortenson Construction, the stadium builder, said in a recent interview that the construction work was proceeding on schedule pending the outcome of the authority’s audit.

 

Richard Meryhew • 612-673-4425

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