
jahnyc
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Everything posted by jahnyc
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So Pegula would clean house and Golisano would keep current management in place, and that may be impacting the decision of the Trust? Interesting. I am sure that Mary Wilson has loyalties to many of the employees, some of whom have been with the Bills' organization for many years. If Golisano also has a strong stadium plan, I could see the Trust using this as a rationale for going with Golisano, even though the real reasons may be as stated above. It also would explain why the bidding process was extended, not because the Trust wanted any new bidder, but because the Trust wanted Golisano to bid.
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Extending the deadline for bids is bad news. It really suggests that the price offered is by far the most important consideration for the bidders. If the trust wanted Pegula to win the bidding, I doubt they keep the process open for new entrants and have Trump move to the next round.
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Given that the only other serious bidder at this point is the Toronto group, I think we should all be thankful that we seem to have a potential local purchaser who is willing to overspend to buy the Bills, a small market team needing a new stadium in an area that has experienced significant population loss over the years. If Pegula wins the bidding process, I have great confidence that he will be an excellent owner, even if the Bills do not have immediate success. Compared to the alternative of the team not staying in Buffalo over the long-term, having Pegula as the new owner of the Bills would be a fantastic result for all Bills fans and Buffalo.
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Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
I don't think so. What it probably means is that the NDA would bar two separate bidders that could work together if the bidding gets too high (i.e., Pegula and Golisano) from sharing information and formulating a joint bid after each makes an initial bid (but not information sharing among group members that are making an initial bid together). -
What is the deal with Richardson and Kouandjio?
jahnyc replied to Kellyto83TD's topic in The Stadium Wall Archives
It is way too early, but it is concerning that CK has looked so bad so far. Some rookie offensive linemen do step up in and contribute immediately (i.e., Glenn, Wood and Levitre). I have noted over the years that some of the drafted players who look terrible in their first training camp really are bad, and never develop (i.e., Maybin). It would be much more reassuring if CK was doing well. -
Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
Interesting. Only four potentially interested parties (Pegula, Golisano, JBJ's group, and Trump) have been in the public domain to this point. Twelve other interested parties that we know nothing about or their future intentions if they purchase the Bills. I wonder if Stanley Drunkenmiller is one of the potential purchasers. -
Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
About time. This is the attitude that must be shown. -
Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
Sure, all serious bidders will have financial advisors, but if I was making a bid for a professional sports team, I would want one of the top investment banks in this area, which would include Goldman. -
Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
The retention of Goldman Sachs by the Bon Jovi and his group is potentially very bad news. Rogers may have a preexisting relationship with Goldman Sachs, but typically in an auction process the banks will go with the purchasers that they think have the best shot to win the bidding, and Goldman Sachs may have had their choice of purchasers to represent. -
Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
New Toronto Sun article states that more than 60 prospective purchasers have requested materials from Morgan Stanley. While I understand that not all of these potential purchasers will submit bids or meet all of the necessary criteria, this number is very high. -
Bills officially for sale - let the bidding begin!
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
It is amazing how little we really know at this point about the sale process, the terms of the trust, and the interested parties. I really hope Pegula wins the auction, but I sometimes feel that we are all being a bit naive and complacent about this process. Of course there may be billionaires with more resources than Pegula who could be interested in buying the team. I do think that moving the team in the near term will be very difficult if the team is sold to a buyer who wants to do that, but a buyer can be patient and wait whatever number of years it will take, particularly if a new stadium is not built, which would be the excuse to move the team. Ultimately, Cuomo will need to be supportive of building a new stadium for the Bills, in part because the NFL may require this. I get it that he does not want to explicitly state now that he will devote state funds for this purpose, but if an owner is willing to pay for most of the cost of a new stadium, the state needs to chip in as well. This will be the only way to ensure the long term future of the Bills in Buffalo. -
Pegula sells land for $1.75 Billion, Will Bid on Bills!
jahnyc replied to 26CornerBlitz's topic in The Stadium Wall Archives
At this point, all I really want to know is whether Pegula will be making a bid, whether there are any other interested parties who would keep the team in Buffalo (other than Trump and Golisano), and whether the Bills will be staying in Buffalo. It would be great if a new stadium is part of what happens in the long term, but in the short term, I want to know that the Bills will be staying. -
Pegula sells land for $1.75 Billion, Will Bid on Bills!
jahnyc replied to 26CornerBlitz's topic in The Stadium Wall Archives
This would be best news concerning the Bills in many, many years. Of course he needs to win the bidding process, but he clearly has the resources to get this done, if he is truly interested in owning the Bills. He will deserve all of our support and every benefit of the doubt if he is our new owner. I really hope this happens. It would finally lift some of the dark clouds hanging over this team for years. -
WEDG Report: Rogers meets with Cuomo & Bills
jahnyc replied to ET1062's topic in The Stadium Wall Archives
Biggest overall concern to me is that a new owner buys the Bills with the intention of eventually moving the team but publicly is non-committal about keeping the Bills in Buffalo or states that he will keep the team in Buffalo if a new stadium is built, knowing that unless he contributes money towards the new stadium the likelihood of the state/county funding the entire cost is about zero. I think in this scenario the NFL would approve the relocation of the Bills (sometime in the future), particularly since Goodell has been clear about the Bills needing a new stadium to remain viable over the long term. -
Golisano to bid on Bills & propose new WS staduim
jahnyc replied to YoloinOhio's topic in The Stadium Wall Archives
Some of the money may come from the NFL's fund for new stadiums and improvements to existing stadium. -
I know there are many threads about the impending sale of the Bills, but what I really want to know at this point is which of the potential purchasers will want to keep the team in Buffalo. Poloncarz, the Erie County Executive, seems to have suggested that four or five of the potential purchasers have indicated an interest in keeping the team in Buffalo. We know Trump and Golisano have stated that they would keep the team in Buffalo, but who are these other potential purchasers? This is what I really want to know.
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Senator Gillibrand graduated magna cum laude from Dartmouth and had an accomplished career as an attorney in private practice. She is plenty smart, except concerning the Bills.
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Generally, billionaires buy teams to keep the teams, not to sell to the highest bidder for a profit. There may be some competition from other teams/owners for the LA market, but it is much more difficult for a current owner to move a team than it would be for a purchaser of a team without an owner to then move a team.
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Certain purchasers may have enough money where they will overpay by a lot and move the team when they can. I think it is that simple and this is the worst case scenario. There are billionaires with many more billions than Golisano, Pegula and Jacobs combined. No one thought the Clippers were worth $2 billion.
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I do not understand the point of the last comment. Plain and simple, without regard to one's political views, Senator Gillibrand should be publicly supporting the effort to keep the Bills in Buffalo.
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2001: A Space Odyssey is one of the most thought provoking films of all time. Should be at the top of the list.
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I agree that she is making a big mistake. She can let Cuomo and Schumer be out in front of this, but to be silent on this matter is pure stupidity.
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No reason she cannot publicly support their efforts.