FluffHead Posted August 8, 2014 Posted August 8, 2014 Grahammypants Gone Fishn @ByTimGraham: It's been an educational morning already regarding the Bills. I'll be posting some items shortly.
YoloinOhio Posted August 8, 2014 Posted August 8, 2014 John Wawrow @john_wawrow 15h Have confirmed @ByTimGraham's report that Golisano has entered the running to buy the #Bills.
CodeMonkey Posted August 8, 2014 Posted August 8, 2014 It just dawned on me how downright silly this process has become at this point. Really making the trustees look like a bunch of clowns.
thebandit27 Posted August 8, 2014 Posted August 8, 2014 Kirby/Kelly/Bandit is there any word that any of you are hearing if thew reports of 8 bidders is true, or is crap as some have said? No idea on an actual number...only thing I've heard is that there are groups involved that nobody in the media has mentioned. Opinion time: I'd be surprised if there were currently 8 groups, but I wouldn't be surprised to find out there were as many as 5 or 6. Apologies as this is all I know at this point.
K D Posted August 8, 2014 Posted August 8, 2014 I heard on good authority that Jimbo is NOT aligned with Gundlach, so it will be interesting to see whose group Jimbo joins, if it is ever revealed. What if Jim aligns with Trump or worse Bon Jovi? I love Jim but I'm kind of worried. If he's with Pegula then we know it's a done deal. Anything else is really going to throw a wrench in things
thebandit27 Posted August 8, 2014 Posted August 8, 2014 What if Jim aligns with Trump or worse Bon Jovi? I love Jim but I'm kind of worried. If he's with Pegula then we know it's a done deal. Anything else is really going to throw a wrench in things I love Jimbo, but I believe you're giving him too much credit in this process. Even if he's not attached to the winning group, he'll still be involved with the organization.
CodeMonkey Posted August 8, 2014 Posted August 8, 2014 What if Jim aligns with Trump or worse Bon Jovi? I love Jim but I'm kind of worried. If he's with Pegula then we know it's a done deal. Anything else is really going to throw a wrench in things Kelly and Trump have been friends for a while and Kelly's family stayed in Trumps apartment/condo while in NY for the treatments recently so him aligning with Trump would not surprise me. But Toronto group, no way.
GA BILLS FAN Posted August 8, 2014 Posted August 8, 2014 (edited) FWIW, my sources are willing to talk about structure of organization if the people they know become owners, but will not say squat about the sale process. I asked specifically on a couple occasions and they are being extremely tight lipped, so I've stopped asking. Edited August 8, 2014 by TXBILLSFAN
CodeMonkey Posted August 8, 2014 Posted August 8, 2014 FWIW, my sources are willing to talk about structure of organization if the people they know become owners, but will not say squat about the sale process. I asked specifically on a couple occasions and they are being extremely tight lipped, so I've stopped asking. This makes sense. The rest of the "leaks" do not.
Captain Caveman Posted August 8, 2014 Posted August 8, 2014 It just dawned on me how downright silly this process has become at this point. Really making the trustees look like a bunch of clowns. I'm sure they don't care if you think they are clownish if it nets them a few extra million.
zonabb Posted August 8, 2014 Posted August 8, 2014 Buffalo Rumblings @BuffRumblings 25m One of @JohnKryk's sources disagrees w/ @ByTimGraham's report there are 8 bid groups for #Bills. "It's all crap." http://www.buffaloru...orting … I said in the prior now closed thread that the constant leaks about the higher number of bids without a single bidder being identified beyond the known bids is pure media driven and likely, if anything, the Trust and MS trying to drum up more bids AND increase existing potential bids by using the media to suggest there is a higher number of bidders. We're talking millions of extra dollars in potentially higher bids is someone, say T-money, feels like he has to beat more bidders. And because the trust can pretty much do as it please, it can speak with the media and float ideas out there in the hopes of driving up bids. The question I would ask is, why have these sources, supposed from within, leaked the Pegula bid but no other names have surfaced? Because there likely aren't others and naming names would be a lie and immediately refuted by those named. There will be 4 final bindings bids and T-money wins this thing. End of story, stayin.
uncle flap Posted August 8, 2014 Posted August 8, 2014 Again, the Trust and Morgan Stanley do not need to advertise through the media.
Dean Cain Posted August 8, 2014 Posted August 8, 2014 Questionable logic. The Bills made between 30-40 million last year, and with a new stadium make 60 million. I question how a 1 billion stadium and the debt payments that come with it wouldn't cut into the bottom line. The Ralph is basically debt free, a new owner will carry around 200 million in borrowing cost for purchasing the franchise and 1/2 the cost of a stadium.
Jauronimo Posted August 8, 2014 Posted August 8, 2014 One thing is certain at this point. The egg is going to be all over everyone's face when this thing is said and done. The Trust will never be hired to sell another NFL team after bidders start leaking details of just how badly this process was run.
The Dean Posted August 8, 2014 Posted August 8, 2014 It just dawned on me how downright silly this process has become at this point. Really making the trustees look like a bunch of clowns. How so? They are selling a rare billion-dollar-plus business. To complicate things they are engagine in a process that is typicall extrememly private under a media microscope. Don't forget, typically we hear nothing of the process when most teams sell. The only people who look like clowns are the fans who demand the team be sold like a car at auction. We have known from the beginning this would be a process. But when we get these incomplete (and likley inaccurate) updates on a daily basis, we expect them to just hurry up and make a decision. That's not going to happen. Adjust your expectations and relax.
thebandit27 Posted August 8, 2014 Posted August 8, 2014 Questionable logic. The Bills made between 30-40 million last year, and with a new stadium make 60 million. I question how a 1 billion stadium and the debt payments that come with it wouldn't cut into the bottom line. The Ralph is basically debt free, a new owner will carry around 200 million in borrowing cost for purchasing the franchise and 1/2 the cost of a stadium. A few thoughts: - I don't think a new stadium would crest the $1B mark. Probably looking more in the $800M range. This wouldn't be AT&T or Levi; probably closer to LucasOil. - If it's El Pegual, he won't carry much (if any) debt load on the stadium. He could finance his portion (let's say it's $400M) in cash. - Don't forget about the NFL's G4 fund for stadium construction. The funding there is very low interest.
jimmy10 Posted August 8, 2014 Posted August 8, 2014 The Trust will never be hired to sell another NFL team after bidders start leaking details of just how badly this process was run. I'm quite certain this trust will never have to worry about selling anything else for the rest of their lives.
BillsFanM.D. Posted August 8, 2014 Posted August 8, 2014 Bandit....Gracias for answering my earlier (now locked) questions. Much appreciated.
The Dean Posted August 8, 2014 Posted August 8, 2014 One thing is certain at this point. The egg is going to be all over everyone's face when this thing is said and done. The Trust will never be hired to sell another NFL team after bidders start leaking details of just how badly this process was run. I have to assume this is some sort of joke, right? You are right about one thing, the trust will never sell another team unless Ralph dies again. Perhaps you meant "Morgan Stanley" instead of "the trust". In which case, if they sell the team for a record amount of $$ for an NFL franchise (which is likely) why wouldn't they be used again? The process only seems screwed up because it is so public, and because the information leaking is incomplete or downright inaccurate. Oh, and because fans have no idea of how these things work,
FluffHead Posted August 8, 2014 Posted August 8, 2014 One thing is certain at this point. The egg is going to be all over everyone's face when this thing is said and done. The Trust will never be hired to sell another NFL team after bidders start leaking details of just how badly this process was run. Seems like Morgan Stanley is the group to blame more so than the trust
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