The Wiz Posted July 19, 2014 Posted July 19, 2014 (edited) @KevinMassare: Hearing from a valuable source that the team is taking a cautious approach when it comes to Bon Jovi group. Others expected front runners. @JohnKryk: And this: Toronto bid group now vowing to keep #Bills in Buffalo, per sources. "Toronto Bills" idea all but dead: http://t.co/v7tNUyooBi I find the kryk article interesting. Jbj is worth almost nothing and would have to liquidate everything he has to be a majority owner. The other two are worth around 10 billion net but must not have any liquid assets since he mentioned they don't have 400 million to pay if they won the court case. Edited July 19, 2014 by The Wiz
YoloinOhio Posted July 19, 2014 Author Posted July 19, 2014 I find the kryk article interesting. Jbj is worth almost nothing and would have to liquidate everything he has to be a majority owner. The other two are worth around 10 billion net but must not have any liquid assets since he mentioned they don't have 400 million to pay if they won the court case. jw was interviewed on the sal carpaccio show today... Talked a lot about this topic @WGR550: ICYMI: @john_wawrow joined @SalSports to talk about Bon Jovi and Co. & the sale of the #Bills. Here's the audio: http://t.co/dCZsQTW7Ot
Mark Vader Posted July 20, 2014 Posted July 20, 2014 (edited) I don't know how this is going to play out any more than the rest of you. But man JBJ is sure getting a lot of press about this. Of course he is. Jon Bon Jovi is a public figure that everybody knows. The media will make a big deal about this because he has a chance to become an NFL Owner with instant name recognition. How many people in the country know who Terry Pegula or Bob Golisano are, compared to Bon Jovi? Edited July 20, 2014 by Mark Vader
Nighttime in Nigeria Posted July 20, 2014 Posted July 20, 2014 How many people in the country know who Terry Pegula or Bob Golisano, compared to Bon Jovi? Case in point!
Tyrod's Tailor Posted July 20, 2014 Posted July 20, 2014 Case in point! WE WANT TRUMP! (ok not really)
boyst Posted July 20, 2014 Posted July 20, 2014 (edited) Of course he is. Jon Bon Jovi is a public figure that everybody knows. The media will make a big deal about this because he has a chance to become an NFL Owner with instant name recognition. How many people in the country know who Terry Pegula or Bob Golisano, compared to Bon Jovi? name NFL owners you know of... i know more then most, and more then the average fan... ziggy owns the Vikings and we know him because of the stories that have been coming out with Kluwe. the truck stop guy owns the browns venus or serena williams own part of the fins arthur blank owns the falcons kraft owns the a bunch of douchebags johnson owns the jets mara owns the giants rooney owns the steelers (or maybe i am backwards, i just know rooney mara is not as hot as her sister kate, but is named after the two owners) brown owns the bengals ford owns the lions that one dude who is big with technology owns the seahawks georgia fontaine used to own the rams green bay owns green bay damn i knew more then i thought. Edited July 20, 2014 by jboyst62
Tyrod's Tailor Posted July 20, 2014 Posted July 20, 2014 name NFL owners you know of... i know more then most, and more then the average fan... ziggy owns the Vikings and we know him because of the stories that have been coming out with Kluwe. the truck stop guy owns the browns venus or serena williams own part of the fins arthur blank owns the falcons kraft owns the a bunch of douchebags johnson owns the jets mara owns the giants rooney owns the steelers (or maybe i am backwards, i just know rooney mara is not as hot as her sister kate, but is named after the two owners) brown owns the bengals ford owns the lions that one dude who is big with technology owns the seahawks georgia fontaine used to own the rams green bay owns green bay damn i knew more then i thought. Personally, I know Ziggy Wylf and Haslam of the Browns for the real life fraud their businesses have committed.
May Day 10 Posted July 20, 2014 Posted July 20, 2014 So is anyone buying that bon jovi and friends are going to be in any way committed to wny? It's obviously lip service to remain legally eligible to own the team under the non relocation agreement. I am sure the nfl owners and goodell are completely fine with the deception. Kryk made me feel better in the bid seems small time in a way with these guys digging for investors. Biggest threat was Rogers over the top and according to kryk he doesn't seem capable or willing at this time
Dean Cain Posted July 20, 2014 Posted July 20, 2014 jw was interviewed on the sal carpaccio show today... Talked a lot about this topic @WGR550: ICYMI: @john_wawrow joined @SalSports to talk about Bon Jovi and Co. & the sale of the #Bills. Here's the audio: http://t.co/dCZsQTW7Ot Listened to the audio. This group JBJ, Tannenbaum, & Rogers is a significant threat. If necessary a Pegula & Golisano duo might be needed.
The Wiz Posted July 20, 2014 Posted July 20, 2014 (edited) Listened to the audio. This group JBJ, Tannenbaum, & Rogers is a significant threat. If necessary a Pegula & Golisano duo might be needed. A threat yes but the details are too limited to gauge it. My own take see's it as this: A group of owners Have enough to buy the team Not enough to pay the relocation fee Not enough to build a new stadium in Toronto Pegula (if he does bid): Liquid worth Enough money to buy the team Enough money to build a new stadium when the tax payers will fork in Single owner Edited July 20, 2014 by The Wiz
TSNBDSC Posted July 20, 2014 Posted July 20, 2014 A threat yes but the details are too limited to gauge it. My own take see's it as this: A group of owners Have enough to buy the team Not enough to pay the relocation fee Not enough to build a new stadium in Toronto Pegula (if he does bid): Liquid worth Enough money to buy the team Enough money to build a new stadium when though tax payers will fork in Single owner
K-9 Posted July 20, 2014 Posted July 20, 2014 Informed sources speculate Rogers needed the backing of his mother, Loretta, and at least one of his three sisters, Melinda, to proceed. From the linked Sun article on TBD's front page. Sounds like little Eddie needs permission to "write the check" from mommy and sis. When it comes to partnership ownership, the NFL likes to know that at least one partner can "write the check" himself if need be. JBJ and Tannenbaum don't fit the bill in that regard, and if Eddie III has to ask mommy and sis for permission every time he needs to write a big check, I gotta think the NFL is gonna question that. El Pegaul can write the check and then some. GO BILLS!!!
Tyrod's Tailor Posted July 20, 2014 Posted July 20, 2014 From the linked Sun article on TBD's front page. Sounds like little Eddie needs permission to "write the check" from mommy and sis. When it comes to partnership ownership, the NFL likes to know that at least one partner can "write the check" himself if need be. JBJ and Tannenbaum don't fit the bill in that regard, and if Eddie III has to ask mommy and sis for permission every time he needs to write a big check, I gotta think the NFL is gonna question that. El Pegaul can write the check and then some. GO BILLS!!! That would be a disaster even if they kept team in Buffalo. Can you imagine if we lost out on a key FA because Rogers' Mommy didn't approve the expenditure?
The Wiz Posted July 20, 2014 Posted July 20, 2014 That would be a disaster even if they kept team in Buffalo. Can you imagine if we lost out on a key FA because Rogers' Mommy didn't approve the expenditure? Sounds like a Regas's part two.
Mark Vader Posted July 20, 2014 Posted July 20, 2014 A threat yes but the details are too limited to gauge it. My own take see's it as this: A group of owners Have enough to buy the team Not enough to pay the relocation fee Not enough to build a new stadium in Toronto Pegula (if he does bid): Liquid worth Enough money to buy the team Enough money to build a new stadium when though tax payers will fork in Single owner Well put.
nucci Posted July 20, 2014 Posted July 20, 2014 It comes down to the 4 trustees. Do they care if the team stays in Buffalo? I think Mary Wilson and Ralph's niece may, his lawyer may feel like Ralph did about Buffalo and Littman wouldn't matter at that point.
GA BILLS FAN Posted July 20, 2014 Posted July 20, 2014 ??? It has been reported that the Toronto group has net worth above $10B ? -- that's triple what Pegs is worth. As far as liquidity, they would have several years to figure that (as well as any legal rangling) out before moving and building stadium --- I'm not running around and saying "the sky is falling" -- but a group of Toronto businessman buying the Bills is not good --- Kirby never mentioned any iron-clad contract requiring them to keep team in WNY or forfeit ownership --- even with one, would it be enforceable ?
HopefulFuture Posted July 20, 2014 Posted July 20, 2014 ??? It has been reported that the Toronto group has net worth above $10B ? -- that's triple what Pegs is worth. As far as liquidity, they would have several years to figure that (as well as any legal rangling) out before moving and building stadium --- I'm not running around and saying "the sky is falling" -- but a group of Toronto businessman buying the Bills is not good --- Kirby never mentioned any iron-clad contract requiring them to keep team in WNY or forfeit ownership --- even with one, would it be enforceable ? Pegula is worth roughly just over 4 billion with 3 billion of that in liquidity I would imagine. The Toronto group is big monetarily. It's MLSE and they have a vast market to draw revenue from to fill their coffers. No surprise here. Many will be surprised by the price of this team. I don't see Galisano or Pegula going much higher than a 1.5 billion bid, the Toronto group, yes, I can see them offering 2 billion for the team.
Tyrod's Tailor Posted July 20, 2014 Posted July 20, 2014 ??? It has been reported that the Toronto group has net worth above $10B ? -- that's triple what Pegs is worth. As far as liquidity, they would have several years to figure that (as well as any legal rangling) out before moving and building stadium --- I'm not running around and saying "the sky is falling" -- but a group of Toronto businessman buying the Bills is not good --- Kirby never mentioned any iron-clad contract requiring them to keep team in WNY or forfeit ownership --- even with one, would it be enforceable ? Yes but it's questionable how much of that $10B is in cash or other assets they're willing/able to sell
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