Forbes Values Vikings At $774 Million, 30th In NFL
Forbes magazine has released their ranking of NFL franchise values, and the Vikings come in near the bottom of the NFL with a value of $774 million. That places them thirtieth out of the 32 NFL teams. . .the only teams ranked below the Beloved Purple are the Oakland Raiders ($758 million) and the Jacksonville Jaguars ($725 million).
What leads to the Vikings' value being so low? Well, according to Forbes. . .
Vikings owner Zygmunt Wilf's biggest asset is the termination of his lease at the Metrodome, which expires after the 2011 season. If Wilf does not have an agreement for a new stadium in Minnesota he will probably move the franchise to Los Angeles, where two separate groups want to build new stadiums. Meanwhile, Wilf has been doing everything possible to increase revenue at the 28 year-old Metrodome, such as selling the naming rights to the field to Mall of America and converting the fop floor of an administrative building next to the Metrodome into the Gridiron Club, a 3,800 square-foot high-class sports bar for which members will pay $2,500 a season in addition to the price they pay for Vikings tickets. The Metropolitan Sports Facilities Commission, which owns and operates the Metrodome, invested $700,000 in the development of the sports bar. Since 2005, Wilf has paid down some $40 million of the $315 million in debt he took on after buying the team.
So, we see pretty much the same thing that we're seeing everywhere in the NFL. . .when a team builds a new stadium, their value skyrockets, and I'm sure that the Vikings will be no exception. I fully expect their value to increase significantly when their new stadium in Minneapolis is built here in a few years.
And if it's not. . .well, I guess it won't be something for the people of Minnesota to worry about. Which would be terrible. But, ever the optimist, I don't see it happening.
Keep it tuned right here for any breaking Vikings news throughout the day, ladies and gentlemen. It certainly has been an interesting last few days, that's for sure. Enjoy the rest of your Thursday!
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Well, I hope people start taking this seriously.
If the Vikings leave, Minnesota will never, ever see another NFL franchise. And who would want to lose the Vikings, anyhow?
It shouldn’t come down to this, but it’s probably going to take a Super Bowl for people to get their heads out of their you-know-whats. That’s why this year is so important. It’s do or die.
by PurplePeopleEaters on Aug 26, 2010 10:30 AM CDT reply actions
They would if they built a stadium after the Vikings leave...
… but it doesn’t matter, because they’re going to build the stadium to keep the Vikes from leaving. It’s gonna get ugly, but it’ll happen. What city hasn’t built a new stadium knowing the team was about to leave since LA made that mistake? I can’t think of one, though maybe I’m just getting old.
BCB free since 8/24/10 and happier for it.
by Ted Simmons Speed Camp on Aug 26, 2010 2:45 PM CDT up reply actions
“Zygmunt” Wilf’s greatest asset is really the ability to build a massive development where the Metrodome used to be (apparently it’s part of the lease or something)
agreed!
Sell the damn thing to him for $1.
I BELIEVE...
by ArizonaVikingsFan on Aug 26, 2010 12:23 PM CDT up reply actions
Vikes
i can’t imagine the vikings leaving..that would crush us. we gotta figure out the stadium situation asap – if the twins were able to get one i cant see how the vikes cant
check out http://www.vikingsfootballhome.blogspot.com/ for any vikings talk
by MNTicketKingIntern on Aug 26, 2010 12:56 PM CDT reply actions
Twins:
Target Field was constructed at a cost of $544.4 million (including site acquisition and infrastructure), utilizing the proceeds of a $392 million public bond offering based on a 0.15 percent sales tax in Hennepin County and private financing of $152.4 million provided by the Pohlad family (Minnesotans and Banking magnates)
Gophers:
The stadium’s cost totals $288.5 million of which the university will pay 52 percent and the state of Minnesota the remaining 48 percent. The university’s share is $111 million.
This includes private donations ($86M) and Corporate gifts (Sponsorships,etc)
The State’s contribution? Including interest the state’s cost is about $10 million per year or about $1.7 million per game for 25 years. This is the University of MINNESOTA, afterall.
Vikings:
Are owned (primarily) by a group of East Coast developers and Investors (exception, Reggie Fowler from Arizona) and previously owned by Red McCombs (Texas). This makes me believe there is a sentiment that the Vikings appear more like a business entity and less like a Minnesota ‘product’…
I BELIEVE...
by ArizonaVikingsFan on Aug 26, 2010 1:52 PM CDT reply actions
You know what I found interesting about that piece?
It was probably the weirdest stat Forbes put out, but the average dollar amount the organization got from the population area it is in. It seemed like the average upper twenty-mid thirty dollar range. Some teams even got so high as the $70 per person average for their population.
The Vikings only had a $16 average per person. It seemed mighty low, but it’s something a new stadium should fix. Keep the faith guys you can keep football in MN!
Minnesotans are survivors....
Minnesotans are survivors, when the St. Paul Saints moved to Chicago in1903 and became the Chicago White Sox’s, we survived. When the Duluth Eskimos (chartered NFL Team, some say that they still exist today as the Washington Redskins) stopped playing in Duluth, we survived. When the Minneapolis Laker’s moved to Los Angeles, we survived. When Norm Greed (Green, but Greed sounds so much better) moved the Minnesota North Stars to Dallas, we survived. When major league baseball, was trying to bribe Mr.Carl Pohlad and have the Minnesota Twins disappear forever (even though the Twins were the Senators before they came to Minnesota and are a Chartered Team in the American League) we survived.
Lets face the facts that the nations economy is very close to how it was during the depression, for many folks. People losing their jobs, homes, medical coverage. Meanwhile more jobs are disappearing overseas. If you call for help with your computer or other products you bought, you end up talking to someone in India, or the Philippines. The Banks and Wall Street have sold out Amercia….
The 32 owners in the NFL, want a 18 week season, to make more money, they want cities to pay for the cost of building their pleasure palaces at taxpayers expense. Who are the taxpayer, it sure isn’t the rich folks who go to the game, and it isn’t the poor people who have no jobs or houses. Our colleges and universities are just as bad as the Professional Sports Teams, with their College Sports Program that cost in many cases are over 4 billion per year.
Meanwhile, a large majority of US Citizens are pinching penny’s and doing without…..
I have not taken a vacation in over 9 years, everything has increase exponentially, to a point the the money that goes out the door in bills and services, leave hardly enough left to put food on the table, and other emergencies that pop up unexpectedly…..
So if the Vikings move to Los Angeles, we will survive. We survived before they came to Minnesota, we will survive if they leave.
I detest people who blackmail others to get what they want…..
Everyone we meet in life give us happiness, some by their arrival, others by their departure!
Forbes
Yes, my friends, Forbes is saying such things. They do not care where particular NFL teams play; they are basically interested in the business aspects of things. Businesses go where the market is. If you don’t plant a tree on your own land, you won’t have any home grown-apples. Stock up on Packer supplies now, before they put toll booths on the St. Croix.
The 1995 fans in Cleveland couldn’t imagine their Brownies going to Baltimore and winning the Super Bowl there in a few years either. That did not prevent it from happening.
If Minnesotans want a vacant Metrodome to represent their Minnesota pro football product, so be it.
The Canton Bulldogs were an NFL team too, and I don’t see any NFL team in Duluth.
There were people living in the territory before the Scandinavians moved in. They detested things too. FYI, a lot of them don’t have casinos today.
Talk is cheap. Pro football costs money.
"Stock up on Packer supplies now"
I’d rather have no football than root for that garbage from the east.
The stadium will get done, don’t worry.
by Premier Cherdenko on Aug 26, 2010 8:10 PM CDT up reply actions
Hey....
… are you Ziggy? Seriously. Tell me your aren’t Ziggy incognito posting here.
by HammeroftheGods on Aug 26, 2010 10:03 PM CDT up reply actions
I am not Zygi.
If people claim they are being “blackmailed”, I am (however) quite eager to see Zygi expose whatever dark secrets he has allegedly dug up on these people. Inquiring minds want to know.
I’ve argued with these self-proclaimed “victims” on Dan Patch before I left Minnesota.
Minnesota did not invest in a stadium when it had so much money that Jesse Ventura was giving it back.
Don’t try playing the poor card on me. You bet on the wrong horse, you lose.
I got fed up and left Minnesota.
Don’t listen to any fools telling you they were hoodwinked. I heard that crap in Cleveland.
The writing is in Forbes in black and white for anyone to read. It won’t be a sneak attack.
Maybe when Minnesota gets a new Governor...
… then things will change. I think Pawlenty is too concerned about his supposed Presidential aspirations to do anything about the stadium.
But, you have to admit, the idea that we’d invest in a stadium when times are rather rough is kind of ridiculous. Maybe Wilf will take that into account and extend the lease a couple of years on the metrodome. LA will still be there. Despite its size, I think Vikings in Minnesota, with a new stadium, will be more valuable to everyone than the team moving to LA.
After all, the Jaguars or the Rams would be more suitable to move to LA. Especially the Jaguars, who have a very limited following and Florida already has two other NFL teams. The Jaguars are so unnecessary.
by HammeroftheGods on Aug 26, 2010 10:01 PM CDT reply actions
This proposes an odd dilemma for me
I have never in my life stepped foot inside of the state of minnesota. My whole family is bears fans, as i live in the chicago suburbs. I have loved the vikings as long as i can remember, much to the chagrin of my bears loving family. I’m pretty sure i like them because they had the coolest helmets on Madden ’94. I see the vikings the one game a year they play in chicago, which is always nice (although of the 6 games i have attended the vikings have never won).
why should i really care if the vikings leave st.paul/minneapolis? I don’t live there, have no connection to the area, etc. But I still would hate it if they moved. ESPECIALLY if they move to LA. also, i would feel really bad for all you vikings fans that have followed the team for years in your hometown. and i just don’t think i could live with myself if i was rooting for a goddamned LA team. I’ll probably just stop following football, or at least any team. rooting for chicago or green bay or indianapolis would be worse than rooting for the LA vikings to me.
Whats worse is my 2nd favorite team is the Jacksonville Jaguars (i lived there for 3 years, and why would anyone hate that team?), and it’ll be a short time before they move to toronto or portland or Las Vegas or even to LA too.
god, not following football sounds more and more reasonable in this scenario. although the toronto jaguars doesn’t sound too bad to me.
"Sportsmanship is just loser talk for losing."
Vikings-49ers game the top rated program of the week.
Stick that in your pipe and smoke it. The Vikings beat out “America’s got Talent”. We’re #1! We’re #1!

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