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Not so low....but still a hell of a deal:
9/11/88 Boston businessmen Robert Kraft and Steve Karp are the new owners of Sullivan Stadium and landlords of the Patriots.
In US Bankruptcy Court in Boston yesterday, Chief Justice James N. Gabriel found the $25 million bid made by Kraft's and Karp's group, K-Corp., to be more valuable than the $19.85 million in cash and waiver of $9.9 million in claims proposed by KMS-Patriots, the company formed by new Patriots owner Victor Kiam and minority owners Fran Murray and Billy Sullivan.
I vaguely remember reading about this and thinking: just when you thought it couldn't get any worse, the team sets a new low in dysfunctionality -- now we'll have two sets of creeps pulling in different directions.
Who'd have guessed that Mr Kraft would turn out to be a passionate fan, a sound businessman and a person of great integrity? It's a miracle!