Skip to main content
Updated:
Original:

Wilfs' worth could be publicly revealed in New Jersey lawsuit

Author:

How much are the Vikings' owners worth? We may find out as part of the resolution of a New Jersey lawsuit.

The Star Tribune reports a judge who earlier ruled that Zygi and Mark Wilf defrauded their business partners in a a real estate deal now says information about their personal wealth should be released as part of the case. But Superior Court Judge Deanne Wilson agreed to keep the numbers confidential while the Wilfs appeal her decision, the newspaper says.

Legal wrangling over the New Jersey case has been going on for 21 years. But a turning point came last month when Judge Wilson ruled the Wilfs violated racketeering laws and used fraudulent bookkeeping to avoid having to share revenue with their partners.

The ruling caused some consternation among state officials, particularly Gov. Mark Dayton. It led the Minnesota Sports Facilities Authority to order more scrutiny of the Wilfs' finances, to ensure the team owners can uphold their commitment to sharing the cost of a new $975 million Vikings stadium. The audit should be finished this week, but the Authority's chair has already said it found the Wilfs will have no trouble making their stadium payments.

The Wilfs have been close-to-the-vest about their financial information. The Legislature voted to exempt the stadium project from the Minnesota Data Practices Act -- a move that still rankles some at the Capitol. The Star Tribune reports that state Rep. Mary Liz Holberg protested the secrecy surrounding stadium funding by introducing a bill on the issue during Monday's special session. Holberg's move was purely symbolic, since lawmakers had agreed to vote only on a bill allocating disaster relief to storm-stricken counties.

Next Up

Target store

Target unveils deals for 2-day 'Cyber Monday' event

The promotion kicks off Sunday, November 28.

Screen Shot 2021-11-27 at 9.59.30 AM

Edina police warn of recent burglary trend targeting garages and vehicles

The Edina Police Department is increasing patrols in affected neighborhoods in response to the trend.

Screen Shot 2021-11-27 at 9.03.06 AM

Charges: Man shot Uber Eats driver making a delivery in Cottage Grove

Otis Donnell Shipp was charged with second-degree attempted murder after turning himself in on Wednesday.

Screen Shot 2021-11-27 at 7.36.14 AM

Waterfront hotel in Duluth sustains damage in kitchen fire

Authorities estimate the damage at around $75,000.

Screen Shot 2021-11-27 at 7.15.18 AM

Large groups of thieves target 2 Twin Cities Best Buys on Black Friday

It bears similarities to the flash-mob style thefts seen recently in California.

Karl-Anthony Towns

Timberwolves' winning streak snapped at five games

The Wolves' bid for their longest winning streak since 2014 came up short.

Screen Shot 2020-08-14 at 6.45.53 PM

Teen arrested over fatal shooting of 5-year-old boy in Brooklyn Park

Police say the teen was filming a social media video while handling a gun.

Joe Biden

President Biden coming to Minnesota to promote Bipartisan Infrastructure Law

Tuesday's trip follows passage of the $1.2 trillion Bipartisan Infrastructure Deal.

Kirill Kaprizov

Kaprizov gets into the holiday spirit to rout Jets

Kirill Kaprizov's four points led the Wild to a 7-1 victory.

Kirk Cousins

Coller: Cure to Vikings' disrupted season lies in an explosive passing game

The Vikings go to San Francisco knowing that a win would be a huge boost to their playoff hopes.

Related