mitchmurraydowntown Posted August 21, 2014 Author Posted August 21, 2014 The Toronto group cancelled their tour, it's game over for them man.
Mr. WEO Posted August 21, 2014 Posted August 21, 2014 Forbes coverage is a joke. We have better info on the process on this board than they are using to write that crap. Yeah, really. What is this "Forbes Magazine" anyway?? Don't they have an editor at that mag? Sheesh..
keepthefaith Posted August 21, 2014 Posted August 21, 2014 Terrible article. The team is worth whatever real buyers will pay for it not what some armchair QB investment writer thinks. $800-$900 for the Bills means the big franchises like NE and Dallas more than double that at the same ROI. The real sale number could be less once they get deep into due diligence and any shortcomings of the franchise are exposed and negotiated.
Best Player Available Posted August 21, 2014 Posted August 21, 2014 The Toronto group cancelled their tour, it's game over for them man. They blew a chance at least getting a free Bills keychain by canceling the tour. idiots.
HOUSE Posted August 21, 2014 Posted August 21, 2014 (edited) Does the price include tax or is that extra ? Edited August 21, 2014 by HOUSE
mitchmurraydowntown Posted August 21, 2014 Author Posted August 21, 2014 They blew a chance at least getting a free Bills keychain by canceling the tour. idiots. Oh man, they're incompetent.
Lurker Posted August 21, 2014 Posted August 21, 2014 (edited) I also get the feeling he's not as well informed as he lets on. Ya think? This guy is the personification of "the smartest guy in an empty room." It's not a bit surprising that any opening non-binding bid would be below sticker price. Apparently this clown has never bought a car, boat, island, etc. before. Who makes an high ball offer on the first pass? I have no doubt whatsoever that the Bills will go for north of a billion, and perhaps even well north, when the real offers start to fly... Edited August 21, 2014 by Lurker
Clippers of Nfl Posted August 21, 2014 Posted August 21, 2014 Now that's it under 900 million, maybe I can get in the bidding. I'll start at $10 dollars. Do I hear $10.50?
Dragonborn10 Posted August 21, 2014 Posted August 21, 2014 Less paid for team. More money for stadium. Sometimes it is simple. The Bills and the Ralph aren't worth that much. New stadium and the value jumps considerably.
26CornerBlitz Posted August 22, 2014 Posted August 22, 2014 @john_wawrow Remember. leaking low initial bid numbers could lure more people into process making #Bills seem more "affordable."
mitchmurraydowntown Posted August 22, 2014 Author Posted August 22, 2014 @john_wawrow Remember. leaking low initial bid numbers could lure more people into process making #Bills seem more "affordable." Circus confirmed, M.Stanley earns money for this ?
RyanC883 Posted August 22, 2014 Posted August 22, 2014 But can El Pegual own an NHL and NFL team in the same city? Yes. Can't own them in different cities. The $400M liquidated damages amount can be thought of as a fallback remedy. If a party breaches a contract, the non-breaching party is entitled to receive what they expected to receive had the contract not been breached. For the county and state, that is having the Bills play in Ralph Wilson Stadium for the term of the lease. Often in the world of contracts, if one party breaches, the other party can be put in the place they would have been if the contract wasn't breached by having the breaching party pay money to the non-breaching party. If you're a small business and order some supplies from another company that fails to deliver, and you have to pay more to go get the supplies from someone else, your supplier who breached can just pay you the extra cost. But sometimes money isn't an adequate substitute for what you were promised in the contract. Imagine a contract to purchase a one-of-a-kind painting, for example. In that case, rather than seeking money damages from the breaching party, you can ask a court to order the breaching party to do something, like follow through with selling you the painting. The Bills are like that painting. Just paying the county and state money doesn't necessarily replace all the intangible things they lose if the Bills leave. So if the Bills breach, the county and state won't go into court asking for the $400M, they'll ask the judge to order the Bills to stay. The $400M is just a fallback in case the judge declines to enter such an order, just like the fallback for not receiving the one-of-a-kind painting would be a payment in the amount of the painting's appraisal. the only think you left out was the term, "specific performance." Great analysis! You should post more often!
Dean Cain Posted August 22, 2014 Posted August 22, 2014 It looks like Pegula is going to win by offering a $890m bid. It's a fair deal, over our 2013 forbes valuation. When this is over everyone with a vested interest wins; Bills fans, WNY, Wilson family, and Pegula.
The Dean Posted August 22, 2014 Posted August 22, 2014 It looks like Pegula is going to win by offering a $890m bid. It's a fair deal, over our 2013 forbes valuation. When this is over everyone with a vested interest wins; Bills fans, WNY, Wilson family, and Pegula. I'll be surprised if it isn't $1 billion plus.
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