WHEN ‘BIZ WHIZ’ TRUMP WHIFFED ON BUYING PATRIOTS FOR $85M

By Sarah Berkowitz

Donald Trump has based his presidential campaign almost primarily on how smart he is, how rich he is and how great of a businessman he is.

But, as John Adams said, “Facts are stubborn things.”

Back in 1988, the Sullivan family, who owned the Patriots, approached Donald Trump about buying their NFL team. Trump had his money people look at the Patriots funding and decided against it.

“Donald had a real interest and he felt the Sullivan family was honorable in their dealings with him,” a source close to Trump told the Boston Globe . “But his people told him between the team and the stadium there was $104 million in debt, and that was too much for him to handle.”

The Patriots were instead sold to Victor Kiam for $85 million. About 27 years later, Forbes estimated that the Patriots are worth $2.6 billion. Slightly missed opportunity for Trump.

 

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