A Very American Coup By Michael – Louis Ingram, Editor-in-Chief...
Investment Of a Lifetime
MINNEAPOLIS, MN – Arizona businessman Reggie Fowler is prepared to make the investment of his life and announce during a Monday news conference that he has a deal to buy the NFL’s Minnesota Vikings.
According to the Minneapolis Star Tribune, Fowler is set to buy the team from owner Red McCombs for at least $625 million. The 46-year-old Fowler, who met with public relations and political consultants over the weekend, needs approval from NFL owners in order to take over one of the state’s most popular franchises.
If approved by the NFL, Fowler will become the first African American owner in NFL history and the first African American owner of a Minnesota professional sports team.
Fowler owns companies and real estate in Arizona and Colorado, and is reportedly worth $400 million.
The highest sales price for a team in NFL history is $800 million, which Daniel Snyder slapped down for the Redskins in 1999. Meanwhile, the Texans were bought for $700 million in 1999 and the Jets cost $635 million one year later.
McCombs bought the Vikings in 1998 and the team has gone 64-48 since with four playoff appearances, including a pair of trips to the NFC Championship Game.
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