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Vikings Officially for Sale Again

May 25, 1998

MINNEAPOLIS (AP) _ The Minnesota Vikings are officially for sale again, owners decided Monday.

Owners will not consider bids less than novelist Tom Clancy’s failed $200 million offer, and they hope to complete a sale of the team by late July, according to co-owner Jaye Dyer.

``The No. 1 priority is to sell the team as soon as possible,″ Dyer said.

Dyer said the owners hope to receive NFL approval to finalize a deal at the league’s meeting in late July.

He said owners also agreed that $200 million is ``the floor rather than the ceiling.″

The group also decided on Monday to deal only with prospective buyers who can demonstrate their ability to come up with the money, not agents. Clancy’s bid was presented through an agent representing an investment group, and Clancy ultimately was unable to back up his offer with the money.

``We’re not going to accept prospective bids from agents who claim they have a group they can put together,″ Dyer said.

Vikings president Roger Headrick reiterated Monday that he plans to submit another bid for the team.

``I think for the interest of fans and the team and everyone concerned, we need to get it done. And I’m hopeful that I will be the one chosen,″ he said.

One key issue is the right-of-first-refusal bylaw in the partnership agreement, which Headrick previously cited in trying to thwart Clancy’s bid. Co-owners have said Headrick asked if the board would accept his offer to buy the team without taking other bids if he submitted it soon.

``That one’s off the table right now,″ Headrick said Monday. ``It’s basically going to stay as it is.″

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