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New sale of team thread

Chandler#81
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Peter All Pro

Peter

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Jerry is worth about 3.1 million, not more than Pegula.

Jerry is going to be worth a lot less after his wife sees those photos.
BringBackFergy Hall of Famer

BringBackFergy

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Jerry is worth about 3.1 million, not more than Pegula.

Yeah, but Jerry has a wealth of resources at his disposal...assistants, photographers, Italian marble bathrooms. I have to disagree with your assessment.
Augie Hall of Famer

Augie

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I think Jerry Jones would be right up there in the pecker order...so there's some stiff competition.

I think Jerry's the bigger pecker, but not sure on net worth.

THE GUY YELLING BEHIND YOU Practice Squad

THE GUY YELLING BEHIND YOU

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So where would Terry P be in the pecking order of owners net worth?? Near top, bottom,

 

Is he worth more than RW?

 

Just saw this the other day. Without having the numbers infront of me, I believe the article said he would be 4th.

 

1) Paul Allen (Seahawks)

2/3) Stephen Ross (Miami) and Woodie Johnson (Jets)

4) Pegula (Bills)

 

It wasn't Forbes, but I remember the article specifically mentioning these players. But again, Allen is the BIG dog in the yard.

 

Stayin' :thumbsup::nana::w00t::worthy:

Edited by JLederman2
bbb Hall of Famer

bbb

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No kidding. Without ever even having met Kim or Terry Pegula, I cannot imagine liking and being more grateful for anyone in my life other than family members and friends. I kid you not. That is how important Buffalo, the Bills, and the Sabres are to me.

 

It's more than what they mean to me (and I'm sure you). It's what they mean to this area............I keep saying this is the most important thing in Buffalo history. Not sure if I'm right on that. Beth Steel closing was huge, but inevitable.

TheFunPolice Hall of Famer

TheFunPolice

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it's amazing how rich you have to be to even play this ownership game.....

 

A guy with around $500 million doesn't even belong at the table and has to have others buy the toy for him. Think about that for a minute!

 

A guy like Mr. Wilson would never be able to buy into this league today. He was nowhere near as wealthy as these new owners; he just had an asset that skyrocketed in value. He bought the team back when being pretty rich and successful would get it done. Just incredible, really.

 

You have to think that NFL teams are reaching their value ceiling at some point. There is only so much money for football.

JM57 Veteran

JM57

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I don't think it's coincidental at all. Since the NFL forbids any casino interests, Trump is trying to remove all doubt.

 

Article posted by Graham last night: http://bills.buffalonews.com/2014/08/05/pegula-closes-1-75-billion-land-deal-drops-hint-needs/

 

Quote from El Pegual: "We are not going away."

 

[Drops mic]

 

that was definitely a "drop the mic" moment for Terry Pegula. Whoever helps him with PR deserves a big hand.

PromoTheRobot Hall of Famer

PromoTheRobot

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It's more than what they mean to me (and I'm sure you). It's what they mean to this area............I keep saying this is the most important thing in Buffalo history. Not sure if I'm right on that. Beth Steel closing was huge, but inevitable.

I guess Buffalo has it's new patron. Like Pittsburgh had Carnegie we have the Pegulas.

 

 

 

that was definitely a "drop the mic" moment for Terry Pegula. Whoever helps him with PR deserves a big hand.

Don't forget TP hired that fellow (Greenburg?) who was an expert at buying sports franchises. Looks like it was a smart move.

Doc Hall of Famer

Doc

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Just saw this the other day. Without having the numbers infront of me, I believe the article said he would be 4th.

 

1) Paul Allen (Seahawks)

2/3) Stephen Ross (Miami) and Woodie Johnson (Jets)

4) Pegula (Bills)

 

It wasn't Forbes, but I remember the article specifically mentioning these players. But again, Allen is the BIG dog in the yard.

 

Stayin' :thumbsup::nana::w00t::worthy:

Considering he still has assets in 5 states he could sell, he could very well move up to #2.

The Wiz Hall of Famer

The Wiz

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I guess Buffalo has it's new patron. Like Pittsburgh had Carnegie we have the Pegulas.

 

 

Don't forget TP hired that fellow (Greenburg?) who was an expert at buying sports franchises. Looks like it was a smart move.

Other way around on Greenberg. He's a big player for selling sports franchises. Which is probably just as good if not better. He knows what the other bidders lawyers and the trust are probably doing from his past experience.

Edited by The Wiz
plenzmd1 Hall of Famer

plenzmd1

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Changing the rules and procedures governing the bid process as you go probably isn't a very well regarded practice in the business world or even very legal.

 

I have been in software sales for a long time, and while not the same, plenty of similarities between this process and an RFP process in a non government entity.

 

Couple of rules in that process

 

1) if you did not help write the RFP or have influence on the creation, wired for the people who did.

2) if you play by stated rules of only talking with designated contact from purchasing, why even bother you lose!

3) best product/ lower price rarely matters, person with best relationships and more information wins

4) there are no friggen rules, and buyers are liars!

 

So no, this process is not out of the norm at all for a private process

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