Page 2 of 2 Previous

Continued: Vikings stadium official: Wilfs can pay their share

  • Article by: RICHARD MERYHEW , Star Tribune
  • Last update: September 4, 2013 - 10:19 PM

While keeping the Wilf family finances private, the owners and the team have said repeatedly in recent weeks that the outcome of the New Jersey lawsuit would have no bearing on the stadium or their ability to finance construction. The NFL also has told Kelm-Helgen that it stands behind the project.

“We continue to have full confidence in the Vikings and the stadium project, and are gratified that the Authority appears to be coming to the same conclusion,” NFL Executive Vice President Eric Grubman said Wednesday.

Authority members were briefed on the due-diligence work at a special meeting Wednesday morning by attorneys representing the Dorsey & Whitney law firm, which is leading the probe, and by representatives of FTI Consulting, an international forensic accounting firm.

Kelm-Helgen said afterward that the due-diligence team “still had a number of items” to review but added she was confident that it could complete its work by next week.

A summary of the findings should be made public at that time, she said, well ahead of the judge’s announcement on damages in the New Jersey case, which is expected Sept. 23.

 

Richard Meryhew • 612-673-4425

  • How much of the $975 million

    will the Wilfs have to pay?

    The new Vikings stadium is expected to cost $975 million, and exactly how much of that is coming out of the Wilf family accounts is to be determined. But a breakdown can shed some light on how much of the cost burden will fall elsewhere:

    Stadium

    total cost: $975 million

    State and city cost:

    $498 million

    Vikings and NFL costs:

    $477 million

    $200 million: NFL loan

    $277 million: Vikings

    Paying for the remaining $277 million ...

    • Personal seat license fees. In other words, fans buying seats.

    • A naming rights deal for the stadium. Recent stadium naming rights have been sold for between $220 million (San Francisco and Levi Strauss & Co.) and $400 million (New York’s MetLife Stadium).

    • All sorts of sponsorship deals, such as signage and advertising.

    ... And the remainder, if any ...

    • Will be covered by “team equity” — a k a the Wilf family.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Houston 12:05 PM
Miami
Philadelphia 12:05 PM
Minnesota
St. Louis 12:05 PM
Detroit
Baltimore 12:05 PM
NY Yankees
Boston 12:05 PM
Tampa Bay
Toronto 12:05 PM
Pittsburgh
Atlanta 12:07 PM
Toronto
Washington 12:10 PM
NY Mets
Chicago Cubs 3:05 PM
Cincinnati
San Diego 3:05 PM
Texas
San Francisco 3:05 PM
Seattle
Colorado 3:05 PM
Chicago Cubs
Cleveland 3:05 PM
Milwaukee
Oakland 3:05 PM
Chicago WSox
Los Angeles 3:10 PM
LA Angels
Kansas City 3:10 PM
Arizona
Atlanta 6:00 PM
Charlotte
New York 7:00 PM
Chicago
Golden State 7:30 PM
Milwaukee
Oklahoma City 8:00 PM
Utah
Denver 9:00 PM
Portland
Nashville 11:30 AM
Washington
Arizona 12:00 PM
Pittsburgh
San Jose 12:00 PM
Philadelphia
Anaheim 12:00 PM
NY Islanders
NY Rangers 12:00 PM
Boston
Tampa Bay 1:00 PM
Detroit
New Jersey 6:00 PM
Carolina
Florida 6:00 PM
Montreal
Ottawa 6:00 PM
Toronto
Los Angeles 7:00 PM
Minnesota
Columbus 7:00 PM
St. Louis
Buffalo 8:00 PM
Colorado
Dallas 9:00 PM
Vancouver
Arizona 5:09 PM
Wisconsin
Canisius 6:30 PM
NJIT
Notre Dame 7:49 PM
Kentucky
San Jose 2:00 PM
New England
Orlando City 3:00 PM
Montreal
Los Angeles 6:00 PM
D.C.
Sporting Kansas City 6:00 PM
New York City
Red Bull New York 6:30 PM
Columbus
Portland 7:00 PM
Vancouver FC
Colorado 7:30 PM
Houston
Seattle 7:30 PM
FC Dallas
Texas 6 1st Half 15:43
(1) Connecticut 13
Dayton 1:30 PM
(8) Louisville
(16) Duke 3:30 PM
(4) Maryland
Gonzaga 6:00 PM
(6) Tennessee
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pmX10-6
Aug 16 - vs. Arizona 7:30 pmX30-28
Aug 23 - at Kansas City 7 pmX30-12
Aug 28 - at Tennessee 7 pmX19-3
2014 regular season     
Sep 7 - at St. Louis NoonX34-6
Sep 14 - vs. New England NoonX30-7
Sep 21 - at New Orleans NoonX20-9
Sep 28 - vs. Atlanta 3:25 pmX41-28
Oct 2 - at Green Bay 7:25 pmX42-10
Oct 12 - vs. Detroit NoonX17-3
Oct 19 - at. Buffalo NoonX17-16
Oct 26 - at Tampa Bay NoonX19-13 ot
Nov 2 - vs. Washington NoonX29-26
Nov 9 - Bye
Nov 16 - at Chicago NoonX21-13
Nov. 23 - vs. Green Bay NoonX24-21
Nov. 30 - vs. Carolina NoonX31-13
Dec 7 - vs. NY Jets NoonX30-24 ot
Dec 14 - at Detroit 3:25 pmX16-14
Dec 21 - at Miami NoonX37-35
Dec 28 - vs. Chicago NoonX13-9

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: What should the Vikings do with Adrian Peterson?

Weekly Question

ADVERTISEMENT

 
Close