Pegulas selling 25% of the Bills, per Tim Graham

[DaVinci]

Yes. nows are chance. We just need 60 000 fans to invest a modest amount and we are owners

Edited April 19 by DaVinci
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[BananaB]

I heard Caleb Williams wanted part ownership of a team…. He just wanted it handed to him though. 

[Motorin']

2 minutes ago, DaVinci said:

Yes. nows are chance. We just need 60 000 fans to invest a modest amount and we are owners

 

You know, that would cost around $16k per fan... So basically the cost of the PSL, lol

[Malazan]

I wonder if there's some sort of expense he's occurred that's hundreds of million of dollars and is already costing more than the estimates during a time of massive inflation that he might want to fund with this..

[Royale with Cheese]

Do they have a 300 year financing plan?

 

[JaCrispy]

It was that damn Josh Allen contract! 😉

[major]

1 minute ago, JaCrispy said:

It was that damn Josh Allen contract! 😉

Guess we better trade Allen to the bears for the first pick,where we not only get a QB in Williams, but a potential 25% owner 😂😂

[gflande1]

2 hours ago, Einstein said:

The lease is garbage. I agree the Bills aren't going anywhere (why would they? brand new stadium and all), but if someone were to pay over $5 Billion to buy the team outright (the current value of the team), what is to stop them from paying another 16% to move the team? Nothing. Just 16%.

I didn’t realize it was that low…I agree, would be a drop in the bucket, especially when you consider the value of the team in a different city. 

[WotAGuy]

Of all the explanations here, I think the most plausible is Terry’s OnlyFans addiction. 

[AlCowlingsTaxiService]

Jon BonJovi first in line ….

[BillsFan4]

I wonder if this might be related to the NFL getting ready to approve investments from private equity firms. They were set to vote on it at the league meeting in March. The vote was pushed another month but it sounds like it’s expected to pass.

 

https://www.sportspromedia.com/news/nfl-teams-private-equity-funds-institutional-investment-rule-changes/

 

 

I would not be at all surprised if that’s who bought shares of the Bills.

 

There was an article about this back in February.

 

https://www.crainsnewyork.com/sports-recreation/nfl-owners-face-huge-real-estate-taxes-keep-teams-family

 

Quote

That growth has helped make NFL team owners rich. But it has also created succession-planning challenges in a league that venerates family and tradition — and could force the doors open for investors driven by financial imperatives.

 

In September, the NFL formed a special committee of five owners to consider ending a block on private-equity funds. The nation's other top sports leagues have already lowered the gates for such investors, but the country’s most popular one has remained a holdout.

 

Clark Hunt, a part owner and chairman of the Kansas City Chiefs — who will face the San Francisco 49ers in Super Bowl LVIII in Las Vegas on Sunday — said in an interview that the league has been watching as other sports dip their toes into private equity.

 

“I do think it is an avenue that can be helpful from a capital standpoint,” said Hunt, who is also chairman of the NFL’s finance committee, a member of the panel looking into the private-equity rules and a son of Chiefs founder Lamar Hunt.

 

Clearing a path for private equity is likely to result in a series of deals in short order, with six to eight teams potentially selling minority stakes within a year, according to an executive for one NFL team who declined to be identified because they aren’t authorized to speak publicly on the matter.

Approval of the private equity plan is expected to come at the league’s annual meeting next month, according to people familiar with the process.

 

Quote

Other leagues have dealt with surging franchise values, which have put buying even part of a team out of reach for all but the ultra-rich, by letting in institutional investors. Specialized private equity firms have set up funds to buy passive stakes in franchises in the National Basketball Association, Major League Baseball and the National Hockey League.

 

For the NFL, allowing in such vehicles would help teams raise capital and give minority partners a way to cash out.

 

“To give an example the cost of building and renovating stadiums continues to rise at a very fast rate,” said Hunt, the Chiefs owner, “and having the ability to access outside capital to help facilitate projects like that would be beneficial.”

 

It would give Pegula access to cash for the new stadium construction, and it’d likely be a passive ownership investment which I think would suit them well.

Edited April 19 by BillsFan4

[NORWOODS FOOT]

Maybe Josh Allen could get the 25% as part of renegotiated salary and save us a lot of cap space. 🙃

[Don Otreply]

Someone let me know when I should get “concerned” , “worried” , or down right neurotic, thanks in advance, 😁👍🍸🚬

[NoHuddleKelly12]

I’m good as long as it’s not someone from the erstwhile Toronto hosting group (was that Adelphi?) or Jon Bon Jovi 🤔. 

[AlCowlingsTaxiService]

3 hours ago, Pine Barrens Mafia said:

I'm guessing not.

 

 

Who knows. He never did drill another well to bring the sabres a cup 

[cwater10]

4 hours ago, Augie said:

 

I’m good for 25% of your 25%. 

 

I must admit, I did not see this coming when I woke up this morning. I’m glad there is a stadium coming out of the ground, because I’m having Buffalo Braves flashbacks. 

I feel I giant Mangurian headache coming on.  Think I'll go sit in the dark until it passes.

[The Jokeman]

4 hours ago, Buffalo_Stampede said:

Probably get some celebrities as part owner.

Jim, Thurman. Bruce, Andre and Steve.

[Kaenon]

Does the new 25% owner take on 25% of the upcoming stadium overruns?

 

I would probably think so, lol.

[djp14150]

4 hours ago, Buffalo_Stampede said:

Probably get some celebrities as part owner.

I expect Jeremy Jacobs to buy it.

[PromoTheRobot]

2 hours ago, SoCal Deek said:

What? The team has had a grand total of TWO owners in 65 years and the first Owner is dead! It’s hardly been a revolving door. 

 

I don't mean that. I mean having people hate you if the team is bad.

1 hour ago, Pine Barrens Mafia said:

The sabres haven't won in what, 15 years? I think criticism of ownership is warranted in that circumstance.

I rest my case