You might have noticed that neither the Wilf family, which owns the Vikings, nor NFL Commissioner Roger Goodell has made any threats about moving the team if the Vikings do not get a new stadium.
But the truth is, Zygi and Mark Wilf won't have any choice but to either move or sell the team if they don't get a stadium that will help the Vikings compete financially in signing players and operating the franchise in a first-class way.
The Wilfs now show a profit only because they received about $25 million a year in revenue sharing, money contributed by the big profit-making clubs, such as Washington, the two New York teams and Dallas.
However, such owners as Jerry Jones of the Cowboys and Dan Snyder of the Redskins are fighting to eliminate the revenue sharing and, to date, it has been a big battle with a close vote among the owners to keep it.
The cost of operating an NFL team has risen, and a good example is the financial operation of the Packers, the only team in the league that is publicly held and thus releases a statement each year. No doubt the Vikings, with a limited attendance capacity, no parking income, high rent and other factors, are facing the same problems.
Packers' profits fallAccording to their financial statement, the Packers' operating profit fell 71 percent in four years, from $34.2 million in the budget year ending March 31, 2007, to $9.8 million in the year ending March 31.
The major reason for the big drop in profit was player costs. For instance, the Packers' player costs jumped from $110.7 million to $160.8 million this past year.
Mark Murphy, Packers president, told the New York Times, "Our player costs are growing at twice the rate our revenue is growing."