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Minnesota Vikings Latest Valuation is Astonoshing
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- Minnesota Vikings Latest Valuation is Astonoshing
Jeffrey Becker-Imagn Images Jeffrey Becker-Imagn Images
The Minnesota Timberwolves just wrapped up the sale of their franchise. Fans are thrilled with the transition of power to Marc Lore and Alex Rodriguez. The Minnesota Twins are for sale and the Pohlad family can't accept an offer soon enough. The Wilf's aren't putting the Minnesota Vikings up for sale any time soon, but they'd make a killing.
Of course there are few teams across any sporting leagues that can compete with the valuations of NFL franchises. The league is an absolute beast and football is easily the most popular sport in the United States.
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That's great news for the Wilf family. Even though they aren't getting rid of their asset any time soon, the investment portfolio continues to grow.
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Mark, Zygi, and Leonard Wilf bought the Minnesota Vikings in 2005. They purchased the franchise from Red McCombs, who previously had owned the franchise since 1998. A recent report from Charley Walters of the Pioneer Press has the growth checking in at an astonishing amount.
"No doubt if the Wilf family, which bought the Vikings for $600 million in 2005, put the Vikings on the market today, they would receive a minimum of $8 billion."
The latest valuation equates to growth of more than 1,130% or 11 times what the team was purchased for. Of course the Wilf's aren't done investing either. The TCO Performance Center and surrounding area at Vikings Lakes continues to be expanded upon and has room for additional opportunity.
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It actually sounds as though the Timberwolves could provide quite the assist to the Vikings if Lore and Rodriguez choose a potential proposed site for the new arena.
"Eagan, as part of the Vikings complex, and Bloomington, adjacent to Mall of America on the southeast side, are considered favored sites for an NBA arena that would replace Target Center under new Timberwolves-Lynx owners Alex Rodriguez and Marc Lore."
Bringing the Timberwolves to Eagan would generate a near year-round reason for fans to flock towards the Wilf's interests. Additional shopping, dining, lodging accommodations don't directly impact the bottom line for the Vikings, but will help to prop everything up.
The Wilf's are arguably the most respected owners in Minnesota, and they certainly seem to fair well across the entire sports landscape as well. Having a strong ownership group that fans feel are truly invested in the success of a team is a benefit that Minnesotans won't take for granted.
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