Showing posts with label Zygi Wilf. Show all posts
Showing posts with label Zygi Wilf. Show all posts

Monday, June 23, 2014

Zygi Wilf - Minnesota Vikings' Owner



 Zygmunt "Zygi" Wilf (born April 22, 1950) is the principal owner of the Minnesota Vikings of the National Football League.

Zygi Wilf’s 10 seasons leading the ownership group that has stewardship of the Vikings franchise has been highlighted by commitment to core values and building a strong foundation for the future.

The Vikings have made 3 playoff appearances and won 2 NFC North titles in the past 6 seasons behind the Wilf family leadership. The club enters 2014 as a franchise poised on the future. The team is under the direction of first-year Head Coach Mike Zimmer and will be playing at TCF Bank Stadium on the campus of the University of Minnesota for 2014 and 2015 as the new home of the Vikings is being built in downtown Minneapolis.

Early life
Zygi Wilf was born in Germany on April 22, 1950. His parents, Joseph and Elizabeth Wilf, are both Holocaust survivors from Nazi occupied Poland. The Wilf family immigrated to the United States from Europe in the early 1950s and settled in Hillside, New Jersey. After a brief stint as used car salesmen, Joseph and his brother Harry Wilf began purchasing apartment buildings and renting units. Eventually, the brothers began building single-family homes and founded Garden Homes. A successful real estate developer, his two main family-run businesses, Garden Homes and Garden Commercial Properties, have constructed some 25,000 homes in 39 states across the country since their initial ventures; the two entities and their affiliates own and manage 25,000,000 square feet (2,300,000 m2) in retail and business property.

Education
Zygi Wilf attended Fairleigh Dickinson University, earning a bachelor's degree in economics in 1971, and later graduated from New York Law School in Manhattan. He also received an honorary degree at Fairleigh Dickinson's 69th Commencement Ceremony in May 2012.

Zygi attended nearby Fairleigh Dickinson University, earning a bachelor’s degree in economics and later graduated from New York Law School in Manhattan.  Wilf, and wife, Audrey, have four children. Wilf was recognized in 2013 with the Fritz Pollard Alliance’s Tank Younger Award in honor of his commitment to hiring and promoting minority candidates on the football and business side of the Vikings franchise.

Career
After working as an attorney, Wilf joined the family business and became head of one of the company's affiliates, Garden Commercial Properties. Wilf has grown the company from four shopping centers in Northern New Jersey to over a hundred properties, including several large malls. In addition to the commercial properties, the Garden companies also own and manage 90,000 apartment units around the country.

Minnesota Vikings
Wilf and five partners purchased the Minnesota Vikings of the National Football League from Red McCombs in 2005 for a reported US$600 million. Forbes estimates the 2012 value of the franchise at US$975 million, or 22nd of the 32 NFL teams.

For several years the Vikings and Wilf have stated that their current home, the Hubert H. Humphrey Metrodome is inadequate and have lobbied for a new stadium. In May 2012, the Minnesota Vikings moved closer to getting a new $975 million stadium after the state Senate approved a plan that relies heavily on public financing. Later that month the deal was signed by Gov. Mark Dayton and narrowly approved by the Minneapolis City Council, ending any speculation of relocation.

Trial for fraud and racketeering
On August 6, 2013, Wilf, along with his brother and cousin, were found liable by a New Jersey court for breaking civil state racketeering laws and keeping separate accounting books to fleece former business partners of shared revenue. The presiding judge noted that Wilf had used organized crime like tactics to commit fraud against his business partners.