NoPurpleCar2
All-Star Author
Cleveland
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Message Posted: Jun 29, 2009 9:57:17 PM
And now you know..............
Mon Jun 29, 2009 7:33 am EDT
How Michael Jackson helped start the Patriots dynasty
By Chris Chase
Without Adam Vinateri, the New England Patriots wouldn't have won three Super Bowl titles. Without Tom Brady(notes), Adam Vinatieri(notes) wouldn't have been in a position to give the Patriots those titles. Without Bill Belichick, Tom Brady's quarterbacking wouldn't have set-up Adam Vinateri to hit the kicks to win those titles. And without Robert Kraft, Bill Belichick wouldn't have been in New England to help both Brady and Vinateiri win those titles. And without Michael Jackson (yes, that Michael Jackson), Bob Kraft wouldn't have bought the New England Patriots and the dynasty that was may never have been.
As Forbes described in a 2005 article, Michael Jackon's 1984 Victory tour was directly responsible for Kraft purchasing Foxboro Stadium in 1988, a transaction that eventually led to him being able to buy the team in 1994.
In 1988 Kraft and a partner put up $25 million to buy the Foxboro stadium from the Sullivan family, besting a $16 million offer from the Pats' owner, Kiam. (Kraft would buy out his 50-50 partner for a small premium five years later.) [Former Patriots owner, and current Foxboro Stadium owner] Charles Sullivan had used the stadium as collateral to fund [Michael Jackson's] Victory Tour back in 1984. Overleveraged, Sullivan went bankrupt and was forced to sell the arena. To this day Kraft's collection of photos and mementos includes a poster from the ill-fated tour.
Basically, Sullivan got in over his head funding Michael Jackson's Victory tour (something that those concert organizers in London can commiserate with now) and was forced to sell the stadium because of the bad investment, a move which furthered Bob Kraft's quest to own his hometown Patriots. (Because Kraft owned the stadium, the team couldn't be sold without his approval. When new owner Victor Kiam wanted to sell to a St. Louis businessman intent on re-selling the team or moving it, Kraft stepped in and bid 50 percent more, buying the Patriots for $172 million in 1994.
It was a transaction that began a run toward three Super Bowls, a perfect regular season and the career of one of the greatest coaches and quarterbacks that the league has ever seen. And to think, it was all set in motion by the guy with the glove moonwalking across the stage. "Wanna' Be Startin' Somethin'" indeed.
Thanks, FanNation, via Boston Globe
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14smoke
Champion Author
Birmingham
Posts:13,193
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Message Posted: Feb 12, 2009 5:45:47 AM
I'd like to say they'd keep both, but my gut instinct is that Cassel will be traded for draft picks, either before this year's draft, or, just before the '09 season begins and get some picks for the '10 draft.
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reg366
Champion Author
Los Angeles
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Message Posted: Feb 11, 2009 11:58:19 PM
14 million for a back-up I don't see that happening!
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BuzzBomb
Champion Author
Honolulu
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Message Posted: Feb 11, 2009 11:42:37 PM
jeff, I'm sure you'd appreciate having all the talent but are you sure you want the price tag?
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jeffarklie
Champion Author
Nova Scotia
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Message Posted: Feb 11, 2009 11:04:34 PM
I hope they keep both of them.
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