26CornerBlitz Posted June 20, 2014 Posted June 20, 2014 @hsimon62 as per @dkaplanSBJ, he predicts sale price for #Bills will be $1.2 or $1.3 billion since financial for NFL continue to improve
thebandit27 Posted June 20, 2014 Posted June 20, 2014 No, the NFL strongly prefers a single owner to an ownership group. The 30% is the bare minimum that one person has to own for the group to be approved by the NFL. Right from the article: Some have speculated that the NFL is not interested in a large group of investors. But two people with knowledge of NFL team purchases says the league has one basic rule to address that issue: At least one person in the purchase group must own at least 30 percent of the team. “All professional leagues prefer the groups to be smaller,” one source said. But some NFL owners argue that having a purchase group with six or eight members can “spread the risk” of the complications the Bills are now seeing having been owned by one individual, the source said. http://www.buffalonews.com/sports/bills-nfl/how-to-buy-and-sell-an-nfl-team-20140511 It's not the hardline stance that you may believe.
Fingon Posted June 20, 2014 Posted June 20, 2014 Right from the article: Some have speculated that the NFL is not interested in a large group of investors. But two people with knowledge of NFL team purchases says the league has one basic rule to address that issue: At least one person in the purchase group must own at least 30 percent of the team. “All professional leagues prefer the groups to be smaller,” one source said. But some NFL owners argue that having a purchase group with six or eight members can “spread the risk” of the complications the Bills are now seeing having been owned by one individual, the source said. http://www.buffalone...l-team-20140511 It's not the hardline stance that you may believe. Maybe it's not a hardline preference anymore, but as the first line states it's still the more accepted one.
BillsFan-4-Ever Posted June 20, 2014 Posted June 20, 2014 Can someone please bring the important part of this picture to light!I I'm curious what's in the lunch bowl. I wondered that myself.
RuntheDamnBall Posted June 20, 2014 Posted June 20, 2014 That's a weird frickin' photo - all the segways + hot chick silhouette. I mean, I'm not hating it, but I have never seen that many segways in one place in my life.
TheFunPolice Posted June 20, 2014 Posted June 20, 2014 Kind of...all the "single owner" provision means is that an individual needs to own at least 30% of the team. As the article posted earlier mentioned, an ownership group may even be preferable from a division-of-liability standpoint. I'm also not completely convinced that (a) Bon Jovi's group would want to move the team, and (b) they wouldn't attempt to wait out the 6 years to do so if that's their plan. It's 6 years, but then again it's "only" 6 years. It takes time to build a new stadium (at least a few years worth of endless studies, design, planning, arguing, then groundbreaking and THEN actual building). So from the Toronto Vultures' perspective, it's really just a few years as the new stadium is built. In the meantime, don't forget that the Toronto Series was only "postponed." Why agree to postpone from their perspective? Simple: you get to play 1 game per year in your NEW city to build excitement as the new stadium is being built. Then you can do some BS "honor the history of the team in Buffalo" farewell tour that nobody will buy into but would be all for PR purposes until the permanent move is made.
loyal2dagame Posted June 20, 2014 Posted June 20, 2014 has it ever been mentioned if the Toronto series could have been postponed to make it possible for another sports league team owner to buy the bills without violating any ownership rules? using pegula as the example, would the NHL have issue with the Toronto series as it is the leafs' market? like how the nfl has the rule that you can own a team from a different league as long as it plays in the same market or there is no nfl team in the market area for the non nfl team. does the NHL have similar rules? does this factor in with the Toronto series being put on hold?
thebandit27 Posted June 20, 2014 Posted June 20, 2014 It's 6 years, but then again it's "only" 6 years. It takes time to build a new stadium (at least a few years worth of endless studies, design, planning, arguing, then groundbreaking and THEN actual building). So from the Toronto Vultures' perspective, it's really just a few years as the new stadium is built. In the meantime, don't forget that the Toronto Series was only "postponed." Why agree to postpone from their perspective? Simple: you get to play 1 game per year in your NEW city to build excitement as the new stadium is being built. Then you can do some BS "honor the history of the team in Buffalo" farewell tour that nobody will buy into but would be all for PR purposes until the permanent move is made. If anything I think the postponement of the Toronto series would make the team more attractive to a Buffalo buyer.
26CornerBlitz Posted June 20, 2014 Posted June 20, 2014 @AdamBenigni Statement from Terry and Kim Pegula: @wgrz Via Mike Gilbert Sabres VP of Public and Community Relations @wgrz “Terry and Kim Pegula have a deep commitment to Buffalo and Western New York. Their ownership of the Buffalo Sabres and Rochester... @wgrz Americans and the construction of HARBORCENTER are evidence of that fact. Like everyone else in this community,they have a strong...@wgrz to have the Buffalo Bills remain a centerpiece of this region. Accordingly, they have been following the developments involving the...@wgrz sale of the Bills. However, out of respect for the process being conducted by representatives of the Wilson Estate and the Bills... @wgrz they will not be making any additional comments about the sale process.” @wgrz
thebandit27 Posted June 20, 2014 Posted June 20, 2014 @AdamBenigni Someone brought it up already, but the fact that the Pegula news keeps coming from Benigni is encouraging given his relationship with Ed Kilgoure (who now works for Pegula). El Pegual may yet be el hombre mas macho.
Wayne Cubed Posted June 20, 2014 Posted June 20, 2014 It's 6 years, but then again it's "only" 6 years. It takes time to build a new stadium (at least a few years worth of endless studies, design, planning, arguing, then groundbreaking and THEN actual building). So from the Toronto Vultures' perspective, it's really just a few years as the new stadium is built. In the meantime, don't forget that the Toronto Series was only "postponed." Why agree to postpone from their perspective? Simple: you get to play 1 game per year in your NEW city to build excitement as the new stadium is being built. Then you can do some BS "honor the history of the team in Buffalo" farewell tour that nobody will buy into but would be all for PR purposes until the permanent move is made. And you think Buffalo Bills fans will just sit back and support the team knowing it will be moving? They wouldn't exactly be able to keep the fact that they are building a stadium a secret. That would be 6 years of some terrible publicity for the NFL Not to mention this all violates the terms of the lease.
rsxfirefighter Posted June 20, 2014 Posted June 20, 2014 (edited) @AdamBenigni Now converted to plain English: "With the additional support we earned throughout all Buffalo by parting ways with Ville Leino, we are actively bidding and are not going to tip our hand or give any indication about the ownership group we have strategically assembled." Edited June 20, 2014 by rsxfirefighter
DC Greg Posted June 20, 2014 Posted June 20, 2014 That's a weird frickin' photo - all the segways + hot chick silhouette. I mean, I'm not hating it, but I have never seen that many segways in one place in my life. Visit DC sometime. That's just a baby group. Not uncommon to see 30-40 pink segways rolling deep down the mall.
26CornerBlitz Posted June 20, 2014 Posted June 20, 2014 Someone brought it up already, but the fact that the Pegula news keeps coming from Benigni is encouraging given his relationship with Ed Kilgoure (who now works for Pegula). El Pegual may yet be el hombre mas macho. The statement was made generally available to all media via the Sabres VP of Public and Community Relations Mike Gilbert.
RuntheDamnBall Posted June 20, 2014 Posted June 20, 2014 Visit DC sometime. That's just a baby group. Not uncommon to see 30-40 pink segways rolling deep down the mall. It is not lost on me that DC would be a haven for a big idea that was laughably obsolete.
l< j Posted June 20, 2014 Posted June 20, 2014 Visit DC sometime. That's just a baby group. Not uncommon to see 30-40 pink segways rolling deep down the mall. Are there Segway gangs yet? Sons of ... Clutter?
YoloinOhio Posted June 20, 2014 Author Posted June 20, 2014 The Billion Dollar Question Which politicians will take the hit if the Bills bolt Buffalo? http://cityandstateny.com/2/75/new-york-state-articles/the-billion-dollar-question.html#.U6R4C6gSHgo
DC Greg Posted June 20, 2014 Posted June 20, 2014 Are there Segway gangs yet? Sons of ... Clutter? Not that I know of. But I've seen plenty of this. http://www.youtube.com/watch?v=F8oKJbU5MCQ
dwight in philly Posted June 20, 2014 Posted June 20, 2014 Someone brought it up already, but the fact that the Pegula news keeps coming from Benigni is encouraging given his relationship with Ed Kilgoure (who now works for Pegula). El Pegual may yet be el hombre mas macho. i mentioned it at the time regarding the kilgore link.. and as this plays out, i consider benigni credible... not that anything was news today, but it certainly breeds a bit of confidence..
YoloinOhio Posted June 20, 2014 Author Posted June 20, 2014 Someone brought it up already, but the fact that the Pegula news keeps coming from Benigni is encouraging given his relationship with Ed Kilgoure (who now works for Pegula). El Pegual may yet be el hombre mas macho. Yep I thought about that... Kilgore taking care of his old employee feeding him info but at the same time leaking to the advantage of Pegula.
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