travis2
02-14-2005, 08:09 AM
Report: McCombs reaches agreement to sell Vikings (http://www.mysanantonio.com/sports/football/nfl/stories/MYSA021405.5D.FBNmccombs.vikings.a69654a9.html)
Web Posted: 02/14/2005 12:00 AM CST
San Antonio Express-News
San Antonio businessman B.J. "Red" McCombs has reached an agreement in principle to sell the Minnesota Vikings to an Arizona businessman who could become the NFL's first African-American owner if the league approves the deal, several media outlets reported Sunday.
Reggie Fowler reportedly will buy the Vikings for $625 million, according to several reports, including one that appeared on the Minneapolis Star-Tribune's Web site.
McCombs bought the Vikings in 1998 for $246 million, including assumed debt.
"In terms of the dollars, the financing, payment schedules and such, everything seems to be pretty well set," ESPN.com quoted a source as saying. "I think they'll be prepared to present the pertinent information (to the league) in relatively short order."
The agreement also was reported by KSTP-TV in the Twin Cities and Phoenix radio station XTRA-AM.
A franchise sale must be approved by 24 of the NFL's 32 owners.
Tom Orsborn
Web Posted: 02/14/2005 12:00 AM CST
San Antonio Express-News
San Antonio businessman B.J. "Red" McCombs has reached an agreement in principle to sell the Minnesota Vikings to an Arizona businessman who could become the NFL's first African-American owner if the league approves the deal, several media outlets reported Sunday.
Reggie Fowler reportedly will buy the Vikings for $625 million, according to several reports, including one that appeared on the Minneapolis Star-Tribune's Web site.
McCombs bought the Vikings in 1998 for $246 million, including assumed debt.
"In terms of the dollars, the financing, payment schedules and such, everything seems to be pretty well set," ESPN.com quoted a source as saying. "I think they'll be prepared to present the pertinent information (to the league) in relatively short order."
The agreement also was reported by KSTP-TV in the Twin Cities and Phoenix radio station XTRA-AM.
A franchise sale must be approved by 24 of the NFL's 32 owners.
Tom Orsborn