With rumors running rampant about a possible move to Los Angeles, a politician in Minnesota is suggesting a Hail Mary to keep the NFL in the Twin Cities.
A state lawmaker wants to have NFL ownership rules changed to allow the people of the North Star State buy stock in the Vikings in order to get a new stadium deal done.
It sounds like a reasonable idea, considering the Vikings' biggest rival, the Green Bay Packers, have been publicly owned since 1923 with more than 112,000 stockholders. The Super Bowl champs recently received approval for another stock deal to help pay for renovations to Lambeau Field. However the NFL changed its rules to forbid teams from having more than 30 owners, and the Packers were grandfathered into the current rules.
Rep. Phyllis Kahn wants what she calls a "participation stock" to help finance the team and stadium deal in order to keep the franchise in the state. She wants Governor Mark Dayton and other leaders to work with the league to change its ownership rules.
"I think it's the complete market test of how much the community wants the Vikings on all levels," Kahn told TV station KSTP.
Kahn says she will push her idea, in addition to another concept about adding slot machines at the airport, in the next legislative session.
Under her plan, the Wilf family would retain 30 percent ownership which is required to be a managing owner under current NFL rules, according to the St. Paul Pioneer Press.
The NFL likely won't care what some local politicians think is a good idea for the Vikings. KSTP reports the NFL said the Packers style ownership structure is "not permitted" and "no longer practical." The Vikings backed up the league's statement.
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