K D Posted July 31, 2014 Author Posted July 31, 2014 Tim Graham is reporting that the bid amounts being reported are wrong. Pegula did not bid 1.3 as was reported. I'm still confident but we aren't out of the woods yet. This is only round 1 and the Toronto group might have more fight left in them
thebandit27 Posted July 31, 2014 Posted July 31, 2014 Tim Graham is reporting that the bid amounts being reported are wrong. Pegula did not bid 1.3 as was reported. I'm still confident but we aren't out of the woods yet. This is only round 1 and the Toronto group might have more fight left in them Tim Graham did not say a thing about Pegula's bid...he's merely saying the same thing that John Kryk did 24 hours earlier, which is that the JBJ bid is reportedly much lower than the $1.2B that was reported.
Kelly the Dog Posted July 31, 2014 Posted July 31, 2014 Tim Graham did not say a thing about Pegula's bid...he's merely saying the same thing that John Kryk did 24 hours earlier, which is that the JBJ bid is reportedly much lower than the $1.2B that was reported. Well, Graham did say that "all" of the reported bids were wrong, and that would by definition include Pegula's bid. Not that I believe him, but it very well could be the case. This is the time, I imagine, when a lot of crazy information will be "leaked" as groups or individuals want to appear like they are still in the ballgame.
Peter Posted July 31, 2014 Posted July 31, 2014 Why is it that I think that the Buffalo News (or at least their sports department) always tries to see the dark cloud in the silver lining? Why is it that Bucky Gleason's articles always seem to re-litigate past grievances that he has? These are rhetorical questions. In my view, it is not surprising that the most useful information that we get on this subject seems to always come from John Wawrow, John Kryk, or some other reporter or news outlet that does not have "Buffalo News" on the masthead. I actually like Graham much of the time, but he is really annoying me on this. Gleason, Sullivan, and Harrington (for that matter)are like a car crash. Sometimes you have to look, but you always feel bad about it afterword.
K D Posted July 31, 2014 Author Posted July 31, 2014 Tim Graham did not say a thing about Pegula's bid...he's merely saying the same thing that John Kryk did 24 hours earlier, which is that the JBJ bid is reportedly much lower than the $1.2B that was reported. Tim Graham @ByTimGraham 1h What I know: It wasn't $1.3 billion. What I think: It probably was notably lower. RT @Coreyb3p Tim what are they saying about Pegulas bid?
thebandit27 Posted July 31, 2014 Posted July 31, 2014 Tim Graham @ByTimGraham 1h What I know: It wasn't $1.3 billion. What I think: It probably was notably lower. RT @Coreyb3p Tim what are they saying about Pegulas bid? Thanks...hadn't seen that.
Peter Posted July 31, 2014 Posted July 31, 2014 (edited) Tim Graham @ByTimGraham 1h What I know: It wasn't $1.3 billion. What I think: It probably was notably lower. RT @Coreyb3p Tim what are they saying about Pegulas bid? So essentially, what he is saying is that he does not know. Presumably, a source told him it was not $1.3. Even if that source is correct (big if), it could easily mean that the bid was $1.299 or $1.31 or any other number. He THINKS it was lower. That is all. Keep in mind, wasn't it Graham who did the "reporting" on the training staff. Edited July 31, 2014 by Peter
TheFunPolice Posted July 31, 2014 Posted July 31, 2014 oh come on! Can't we just have good news for a couple days before people come to rain on the parade?
thebandit27 Posted July 31, 2014 Posted July 31, 2014 oh come on! Can't we just have good news for a couple days before people come to rain on the parade? Relax my friend...all is well.
K D Posted July 31, 2014 Author Posted July 31, 2014 So essentially, what he is saying is that he does not know. Presumably, a source told him it was not $1.3. Even if that source is correct (big if), it could easily mean that the bid was $1.299 or $1.31 or any other number. He THINKS it was lower. That is all. Keep in mind, wasn't it Graham who did the "reporting" on the training staff. the source was alluding to the fact that it was substantially lower than that. other places have reported the bid was probably in the 900M-1BIL range. and i've heard reports all over the place about the Toronto group anywhere from 800M-1.2BIL. so let's all just take a step back and realize this is just step 1 of the process before we turn the team over to Pegula. I still feel good about it but there's a chance that Pegula isn't even the highest bidder at this point
TheFunPolice Posted July 31, 2014 Posted July 31, 2014 Relax my friend...all is well. I know... it's just crazy how many of the sports media in Buffalo look for ways to find the doom and gloom in a sunny day
Hplarrm Posted August 1, 2014 Posted August 1, 2014 I know... it's just crazy how many of the sports media in Buffalo look for ways to find the doom and gloom in a sunny day All I know is that in the absence of confirmed facts (which we have few of which is mostly an indictment of the job the media is doing) I stick with what I do know: (in declining order of my confidence in these assumptions: 1. The individual NFL team owners will do whatever gives them the highest profit 2. The highest profit for individual owners comes from them pursuing a collaborative social compact rather than from operating in a competitive free market system 3. The NFL owners have made contractual reality of the two points above by agreeing to a CBA with the players by essentially making them partners with the original salary cap. They then agreed to the NFLPA arguably being majority partners of this effort by agreeing to a deal dictated before negotiations by NFLPA ED Gene Upshaw. Further by agreeing that any new owner must be approved by 75% of the owners essentially gives the NFL a veto over new owners (including who is an eligible applicant for the Wilson trust. 4. Given a choice between the NFL getting a share of the profits from a larger market Toronto or a smaller market Buffalo, obviously the choice would be Toronto, but in this case the choice is actually between throwing away the already captured profit realities for the probable but as yet uncaptured marginally higher Toronto profits. In this case the obvious answer would seem to be to take BOTH. 5. The JBJ/CA exercise seems to be a useful activity to A: Concretize the relationship between JBJ and CA. B. Build relationships with the NFL decision-makers on capturing a franchise. C. Benefit the NFL by helping bid up the size of bids for the Bills much to the NFLs delight. In the end, I remain pretty certain that the Bills will remain here in Buffalo because the team brings more profit to the individual NFL teams by giving the ability to sell mew franchises to join in the venerable NFL made up original NFL and AFL teams than to have their 1/32 of marginally higher profits from moving the Buffalo franchise to Toronto. Even worse, thanks to the contract left by Ralph, there was going to be at least a 7 year long death march of bad publicity while the City of Buffalo whines and cries about losing their team or even worse several years of near empty stadiums. Creating bad storytelling is actually one of the worse things the NFL could do for the true cash cow the networks. Are JBJ/CA lying. Nope, it would cost their business partners bucks for them to move and will not be allowed.
TheFunPolice Posted August 1, 2014 Posted August 1, 2014 The extension of bidding is a little ominous.... Should we de-ice the champagne? What's going on here? We're in the middle of a great sports story!
K D Posted August 1, 2014 Author Posted August 1, 2014 The extension of bidding is a little ominous.... Should we de-ice the champagne? What's going on here? We're in the middle of a great sports story! If I was Pegula I would be pretty upset. They said it would go a certain way and then they changed the rules right in the middle of the game. Doesn't seem fair but I guess they can do whatever they want (unfortunately). It does make me nervous though because 1.) it gives the Toronto group time to restructure and come back with more buying power and 2.) some random billionaire that has over $1 Bil just sitting in his bank account might be like "oh hey these bids seem low so maybe I'll just buy an NFL team for the fun of it. But I don't know where Buffalo is. Is that in Ohio? Oh I can move them to another city in 5 yrs and they will be worth more money? Sounds like a good investment opportunity"
thebandit27 Posted August 1, 2014 Posted August 1, 2014 The extension of bidding is a little ominous.... Should we de-ice the champagne? What's going on here? We're in the middle of a great sports story! I wouldn't If I was Pegula I would be pretty upset. They said it would go a certain way and then they changed the rules right in the middle of the game. Doesn't seem fair but I guess they can do whatever they want (unfortunately). It does make me nervous though because 1.) it gives the Toronto group time to restructure and come back with more buying power and 2.) some random billionaire that has over $1 Bil just sitting in his bank account might be like "oh hey these bids seem low so maybe I'll just buy an NFL team for the fun of it. But I don't know where Buffalo is. Is that in Ohio? Oh I can move them to another city in 5 yrs and they will be worth more money? Sounds like a good investment opportunity" I can almost guarantee you that all prospective bidders knew that this was a soft deadline...I really wouldn't worry about this extension.
CodeMonkey Posted August 1, 2014 Posted August 1, 2014 (edited) If I was Pegula I would be pretty upset. They said it would go a certain way and then they changed the rules right in the middle of the game. I'd wager this is not the first time Pegula has purchased a company and he knows this is how the game is played. I suspect he is not upset about it at all. You do not know what the rules of this sale were/are any more than I do (I assume). So the bolded sounds like talk from a jilted lover. Edited August 1, 2014 by CodeMonkey
TheFunPolice Posted August 1, 2014 Posted August 1, 2014 I wouldn't I can almost guarantee you that all prospective bidders knew that this was a soft deadline...I really wouldn't worry about this extension. Yeah, the more I read about it the less concerning it is. As many have said, this team is only going to sell for so much if it cannot be moved, which looks like the case. It will still probably be the highest price ever paid for an NFL franchise, but there is always a ceiling. All the trouble it would take to move them and having someone like Pegula ready to pay over a billion probably drove off some bidders.
K D Posted August 2, 2014 Author Posted August 2, 2014 No news about the Toronto group lately. Not sure if that is good or bad... Meanwhile, Golisano is back in! http://nyp.st/1tEOLgE
K D Posted August 3, 2014 Author Posted August 3, 2014 So anyone want to change their vote after this latest BS from Bon Jovi?: http://profootballtalk.nbcsports.com/2014/08/03/bon-jovi-clarifies-intentions-regarding-bills/ 90% of us and 80% of the people on the nbc poll don't believe this guy for one second. The public displays last night were great. Hope for some more tonight during the game.
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