Fowler to step aside as lead investor for Vikings

By Alex Guzman  |   Friday, May 06, 2005  |  Comments( 0 )

Minnesota Vikings
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According to government officials in suburban Minneapolis, businessman Reggie Fowler has stepped down as the lead investor for the investment group vying to purchase the Minnesota Vikings. Zygmunt Wilf is apparently taking his place, making several visits to the Twin Cities recently to meet with landowners and local officials in Anoka County about a new stadium.

NFL owners are expected to vote on the purchase of the team from Red McCombs at the league's spring meetings May 24-25 in Washington, DC. However, negotiations seem to have stalled over Fowler's net worth and his ability to secure funding.

McCombs has reportedly agreed to sell the team for $625 million. Under league rules, the general partner must have at least a 30 percent share of the club.

Wilf is a real estate developer from New Jersey. It is believed his ascension to general partner will help secure the group's chances of successfully completing the purchase of the franchise.

Anoka County officials have targeted a site in the suburb of Blaine. The site is about 20 miles north of Minneapolis.
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