Post by Funkytown on Jul 20, 2017 20:51:31 GMT -6
Just a little something about a rich guy and his football team.
Take a bow, Minnesota: You’ve made Zygi Wilf way richer by Pete Kotz
More loveliness here: www.citypages.com/news/take-a-bow-minnesota-youve-made-zygi-wilf-way-richer/434849903
Take a bow, Minnesota: You’ve made Zygi Wilf way richer by Pete Kotz
Last week, Forbes announced its annual list of the world’s 50 most valuable sporting franchises. Coming in at a respectable 30th were your very own Minnesota Vikings.
The magazine pegged the Vikes’ worth at $2.2 billion. But the more interesting news is this: At the ripe age of 56, the team’s value suddenly shot up by 38 percent.
This is where you come in, Glorious Citizens of Minnesota. If not for your generous welfare in the construction of U.S. Bank Stadium, owner Zygi Wilf would not find himself $836 million richer.
Officially speaking, Wilf’s welfare tab for his new lodge comes in at $500 million. But when one factors in maintenance, parking ramps, interest payments, and the new Downtown East Commons – a public park that’s only public when the Vikes aren’t using it – the estimated cost to Minneapolis residents alone is projected at $980 million.
Of course, Wilf could have paid for all this himself. He has an estimated net worth of $5.3 billion. The stadium is expected to bring him something north of $200 million annually. Throw in the $244 million each team receives from the league, and Zygi could have paid in cash with just a few years’ revenues, were he not afflicted with a desperate case of alligator arms.
So what did you, the upstanding peasant, receive for your largesse? Not much.
The magazine pegged the Vikes’ worth at $2.2 billion. But the more interesting news is this: At the ripe age of 56, the team’s value suddenly shot up by 38 percent.
This is where you come in, Glorious Citizens of Minnesota. If not for your generous welfare in the construction of U.S. Bank Stadium, owner Zygi Wilf would not find himself $836 million richer.
Officially speaking, Wilf’s welfare tab for his new lodge comes in at $500 million. But when one factors in maintenance, parking ramps, interest payments, and the new Downtown East Commons – a public park that’s only public when the Vikes aren’t using it – the estimated cost to Minneapolis residents alone is projected at $980 million.
Of course, Wilf could have paid for all this himself. He has an estimated net worth of $5.3 billion. The stadium is expected to bring him something north of $200 million annually. Throw in the $244 million each team receives from the league, and Zygi could have paid in cash with just a few years’ revenues, were he not afflicted with a desperate case of alligator arms.
So what did you, the upstanding peasant, receive for your largesse? Not much.