Monday, October 28, 2013

Let's Pile on The Vikings... Even More!

Because last night's beat-down wasn't quite fun enough, how about this to further delight Packer fans on a Monday!

It's a long - but good read - on just how much bad faith ol' Ziggy and his Brothers distribute in every business deal they ever do.

Including the new stadium.
In 2011, Zygi purchased a $19 million townhouse on Park Avenue at the exact moment he was demanding hundreds of millions of tax dollars to subsidize a new stadium for the Vikings. Nineteen million is a lot even on Park Avenue, but in Minnesota, where the single most expensive property in the history of the state—an estate owned by the Pillsbury family that failed to sell even when cut from $53.5 million to $24 million—the Wilf purchase provided particularly poor optics. 
Meanwhile, it wasn’t just the good people of Minnesota who were wondering why the Wilfs kept getting richer while others associated with them got handed the bill. One former employee of the firm had accumulated an interest in several of their properties. He received K1s and 1099s every year reflecting the value of those investments. At some point, he decided to leave the company. The Wilfs offered to buy out his interest at a price point far below what he thought the stakes were worth. 
“I hired an attorney and filed suit against them, and they did what they do in all their lawsuits: drag it out three-plus years. Finally, on the eve of the trial, a judge was assigned to mediate a resolution, and I more or less had to agree to a resolution that day, because I just couldn’t afford to carry on the lawsuit. I also knew that, regardless of how the lawsuit came out, they would appeal and just tie this thing up forever. So a similar thing happened to me as happened to the Halperns in the lawsuit that was recently made public: The Wilfs unilaterally decided to cut some of my draws, cut some of my compensation.” 
In short, they had control over the books and operations and schlepped it out with their deeper pockets from a position of power—exactly the tactic that was alleged in the New Jersey suit and aggressively condemned by the judge.
Nice fellas, those Wilf boys. And remember, the NFL wants you to think it's the PLAYERS who are hopeless criminals.

Some of these owners, are just as bad, if not worse. Sure they may not use a gun to steal money. But they end up stealing a helluva lot more. In broad daylight.

Remember: Together We Make Football.

And you, the taxpayer will foot the bill for it.

1 comment:

  1. “One lawyer with a briefcase can steal more than a hundred men with guns ...” Mario Puzo "The Godfather".