Fowler's Finances Still A Looming Question

The shroud of secrecy surrounding Reggie Fowler's worth is thick, forcing all observers to wait and see (maybe for another two months) if it will be Red McCombs, Reggie Fowler or even Glen Taylor owning the Vikings when they hit training camp.

Will someone with knowledge of the situation please tell us whether Arizona businessman Reggie Fowler has the money to buy the Vikings?

The league's Finance Committee met last week, but revealed very little information on the mysterious Fowler, who has come under public scrutiny because of financial red flags, questionable business dealings and inaccuracies in a hastily-crafted resume that was distributed on the day he reached a $625 million purchase agreement to buy the team from owner Red McCombs.

The league also announced that the owners will not take a vote on Fowler at the league meetings in Maui this week. It now appears a vote won't be taken until the May meetings in Washington, D.C., at the earliest.

So what is the holdup, you ask?

Besides a general dragging of the feet that comes with accepting a new partner who was an unknown in NFL circles months ago, the league also is believed to be waiting for Fowler to complete a sale of 25 percent of his aviation simulation company, SATCO, to UBG Financial Corp.

Fowler's supporters claim the sale could bring in as much as $300 million, more than enough liquidity for Fowler to handle the 30 percent of the purchase price required of him as general partner. However, others argue that the entire value of SATCO is worth closer to $100 million.

The completion of the sale is believed to be one of the key deciding factors in whether Fowler gets accepted. The financial strength of Fowler's three main New York partners isn't in question.

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