Minnesota Vikings Owner, Red McCombs, Issues the Following Announcement

    SAN ANTONIO--(BW SportsWire)--May 20, 2002--The following is a statement from Red McCombs, owner of the Minnesota Vikings:
    "I am disappointed that the Minnesota Legislature has once again adjourned without addressing a new stadium for the Minnesota Vikings. While we appreciate that some progress was made this session, there still is no commitment to solve the football stadium problem in Minnesota. Some five years ago when we commenced due diligence to purchase the Vikings, we were certainly aware of the facility challenges. I, however, was confident that I could bring stable ownership and build a quality organization both on and off the field. I was further confident that with a quality organization in the National Football League, the most popular and well-respected professional sports organization in the country, the citizens of Minnesota would respond and would recognize the value of the Vikings in their community.
    "I have brought stable ownership and built a quality organization. We have been successful on the field and our record speaks for itself. In four seasons we have sold out every game and have worked diligently to maximize all revenues within our control. These successes, however, have obviously not been recognized by leadership and elected officials within the State. In the last four years, we have expended significant time and resources in an attempt to communicate the value of the Vikings in Minnesota and the need for a new facility. We have obviously failed. The Vikings simply cannot continue in the existing facility.
    "Given that the Vikings must remain competitive in the NFL, I have engaged JP Morgan Securities Inc., to assist me in evaluating all possible options. These options will include but not be limited to a relocation or a sale. This action is necessary to assure the viability of Vikings football."

    NOTE: Mr. McCombs is not available for additional comment.