Monday, February 21, 2005
Not much to add
Minnesota Politics: Stadium thoughts
Red McCombs paid $246 million for the Vikings in 1998. He is selling the team for $625 million in 2005, a gain of 154% in seven years, or about 14% compounded per year. He has also made money every from owning the team, and made $20 million selling Viking Food Service. All in all, he probably made half a billion dollars off this team.
And these people want the taxpayers of Minnesota to foot the bill for a new stadium?
Yes, they are. It's naked, atavistic greed. And we're just foolish enough to go along with the enormous giveaway.