26CornerBlitz Posted September 9, 2014 Posted September 9, 2014 http://www.forbes.com/sites/mikeozanian/2014/09/09/terry-pegula-to-buy-buffalo-bills-for-1-1-billion-sources/ Sources are telling me that Terry Pegula has won the bidding for the Buffalo Bills for about $1.2 billion, a record price paid for a professional football team that does not own its stadium. The deal could be officially announced today by Morgan Stanley , the banker conducting the sale for the trust of the team’s late founder, Ralph Wilson.
Canadian Bills Fan Posted September 9, 2014 Posted September 9, 2014 So JBJ signed a waiver saying he wouldnt move the team? Interesting that this was only made public now CBF
26CornerBlitz Posted September 9, 2014 Posted September 9, 2014 (edited) @ByTimGraham Jon Bon Jovi to @TheBuffaloNews: On behalf of Myself, Larry Tanenbaum and Edward Rogers, we wish Terry and Kim Pegula all the best ... (1/2) Jon Bon Jovi to @TheBuffaloNews (cont'd): "... as they continue the legacy and tradition of the Buffalo Bills and the Wilson family." (2/2) Edited September 9, 2014 by 26CornerBlitz
thebandit27 Posted September 9, 2014 Posted September 9, 2014 So JBJ signed a waiver saying he wouldnt move the team? Interesting that this was only made public now CBF Why make it public before? If they were still in the bidding process, they were under the provisions of the NDA, so they couldn't say it themselves. Also, the Trust wanted to keep the Toronto boogeyman around to drive up cost. As more info comes out, it should be clearer and clearer that no matter who won this thing, the team was NEVER moving.
BillsFan-4-Ever Posted September 9, 2014 Posted September 9, 2014 (edited) (in case it wasn't posted) We're Half Way There (to a new owner) Livin' on a prayer that the Bills stay in Buffalo. Edited September 9, 2014 by BillsFan-4-Ever
sodbuster Posted September 9, 2014 Posted September 9, 2014 Was waiting for this: http://www.nickmendola.com/2014-lets-go-bills-rap-special-abbreviated-midweek-pegula-edition/
Canadian Bills Fan Posted September 9, 2014 Posted September 9, 2014 @ByTimGraham Glad JBJ did this CBF
Kirby Jackson Posted September 9, 2014 Posted September 9, 2014 So JBJ signed a waiver saying he wouldnt move the team? Interesting that this was only made public now CBF That was their only chance of winning the bid. The trust was not selling to anyone without commitment to WNY. My thought was that they would have tried to go to NF right by the border and operate as a regional team (kind of how NF is part Buffalo and part Toronto in a way). Who knows but they were going to have to commit or bow out.
Taro T Posted September 9, 2014 Posted September 9, 2014 Forbes reporting sale price was $1.1B So we know that WASN'T the price. Wonder what it actually was?
26CornerBlitz Posted September 9, 2014 Posted September 9, 2014 @JoeBuscaglia An announcement of the Pegulas being named the winning bidders of the #Bills will drop very shortly. Expecting it within the next 60 mins. http://www.forbes.co...illion-sources/ So we know that WASN'T the price. Wonder what it actually was? Forbes updated to say $1.2 billion.
Canadian Bills Fan Posted September 9, 2014 Posted September 9, 2014 @JoeBuscaglia An announcement of the Pegulas being named the winning bidders of the #Bills will drop very shortly. Expecting it within the next 60 mins. Forbes updated to say $1.2 billion. Bring it on!!!!! CBF
thebandit27 Posted September 9, 2014 Posted September 9, 2014 Just figured it's time to mention this: http://forums.twobillsdrive.com/topic/169107-do-you-believe-that-the-toronto-group-will-keep-the-team-in-buffalo/page__st__420 In light of this: http://www.buffalonews.com/sports/bills-nfl/source-bon-jovi-group-bid-105-billion-could-have-gone-higher-20140909 "The source added that Bon Jovi and his group signed a waiver during negotiations that they would not move the team to Toronto or any other city and that the group was engaged in talks with unidentified entities to build a new stadium in Western New York."
sodbuster Posted September 9, 2014 Posted September 9, 2014 (edited) Trapasso reporting $1.4B. Holy crap. Edited September 9, 2014 by sodbuster
Kelly the Dog Posted September 9, 2014 Posted September 9, 2014 Just figured it's time to mention this: http://forums.twobil...o/page__st__420 In light of this: http://www.buffalone...higher-20140909 "The source added that Bon Jovi and his group signed a waiver during negotiations that they would not move the team to Toronto or any other city and that the group was engaged in talks with unidentified entities to build a new stadium in Western New York." I wonder what the wording was in the "waiver" about Toronto. I'm still quite skeptical that it would assure the team would stay in Buffalo. Just my conjecture though.
Canadian Bills Fan Posted September 9, 2014 Posted September 9, 2014 Wow!!!!! TERRY IS NOT CHEAP!!! CBF
26CornerBlitz Posted September 9, 2014 Posted September 9, 2014 In the contest thread, I guessed $1.4 Billion with the Pegulas winning.
Canadian Bills Fan Posted September 9, 2014 Posted September 9, 2014 (edited) Trapasso reporting $1.4B. Holy crap. AKA the Terry Pegula mic drop CBF Edited September 9, 2014 by Canadian Bills Fan
BillnutinHouston Posted September 9, 2014 Posted September 9, 2014 For all you tax experts - doesn't a higher sales price now increase the "basis" and therefore ease the tax burden way down the road?
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