Pegulas selling 25% of the Bills, per Tim Graham

[Yantha]

I'll buy the 25% but only if I can personally make 25% of all draft picks!  lol

 

 

[Boatdrinks]

  On 4/20/2024 at 6:35 PM, BigDingus said:

 

I think it's pretty clear why the NFL changed the rules.

 

If local community owns the team, there's no way to leverage the team against the city for cushy tax breaks, stadium funding, or the threat of relocating.

 

Better to have a billionaire owner or ownership group who can say "we'll move to San Antonio if you don't give us $2 billion for a new stadium!" Fans just want the team to stay put, so there's a huge limit placed on future growth.

 

If Green Bay's population & surrounding areas never grow, the team is still staying put. The NFL can't pressure them into a new stadium, and fans are content having a team to root for.

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Fwiw the rule against this type of ownership was established a long time ago, when there probably weren’t any billionaire NFL owners etc . It didn’t happen in say , 1985.

[WotAGuy]

  On 4/20/2024 at 6:48 PM, LabattBlue said:

If he still has controlling interest, selling 25% of the team doesn’t “ease” his burden at all. 

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You are the only one mentioning a “burden”, but I can see where he is being strategic in setting up an ownership partner that can one day buy Pegula out completely. That would definitely be some immediate peace of mind if it were me. 

[LabattBlue]

  On 4/20/2024 at 6:59 PM, WotAGuy said:

You are the only one mentioning a “burden”, but I can see where he is being strategic in setting up an ownership partner that can one day buy Pegula out completely. That would definitely be some immediate peace of mind if it were me. 

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The poster I responded to talked about “easing”.   What exactly is he “easing” if not the burden of responsibility?

[WotAGuy]

  On 4/20/2024 at 7:02 PM, LabattBlue said:

The poster I responded to talked about “easing”.   What exactly is he “easing” if not the burden of responsibility?

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As in “easing off the gas” or “coasting” into retirement.  It’s basically planning ahead and transitioning toward retirement. Having a co-owner puts Pegula in much better position to divest of the Bills if need be some day. 

[LabattBlue]

  On 4/20/2024 at 7:04 PM, WotAGuy said:

As in “easing off the gas” or “coasting” into retirement.  It’s basically planning ahead and transitioning toward retirement. Having a co-owner puts Pegula in much better position to divest of the Bills if need be some day. 

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I am reading his post differently.  I will move on. 

[WotAGuy]

  On 4/20/2024 at 7:08 PM, LabattBlue said:

I am reading his post differently.  I will move on. 

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Can I be a super fan?

[HOUSE]

  On 4/19/2024 at 7:45 PM, Beast said:

If @HOUSE finds his wallet we will have no worries.

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I left my wallet in my work clothes 

[Augie]

  On 4/20/2024 at 8:25 PM, HOUSE said:

I left my wallet in my work clothes 

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When did you get work? Good for you! 

 

 

I see a new ashtray in your future! Are you excited??? 

[Just Jack]

  On 4/19/2024 at 7:42 PM, Prospector said:

And I am good for 25% of your 25% of his 25%

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And I am good for 25% of your 25% of his 25% of his 25%.

 

BTW, Powerball is $98M tonight, and Mega is $202M Tuesday night, for those interested. 

[Dillenger4]

And here come Rogers Canada. 25%, with value stock... not a great scenario for The Bills.

[loyal2dagame]

I hope he's selling the 25% to buy the KC Royals and move them to Buffalo.

That'll show Kansas City fans. 

[Matt_In_NH]

Lots of questions in my head

 

1.  Is this because Pegula is low on cash and could this get worse, chance of selling team outright sooner than later?  Maybe  he needs cash for stadium overruns

2.  Maybe he wants cash to help with inheritance if his kids were going to take over?

3.  The Bills are underspending the cap this year in terms of cash which in my mind is good but .......is it related to running low on cash in the business?

 

[McDeerInTheHeadlights]

  On 4/19/2024 at 9:40 PM, BillsFanForever19 said:

Why would anyone want to pay $925 million dollars (and probably be asked to help with finances for the team) and have no say in anything?

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Even billionaires make idiotic decisions. I mean, some may argue that owning multiple entertainment businesses in one of the most economically depressed regions in the country may be one of them.

 

There is a remote possibility that some billionaire may bite for vanity purposes alone.

 

However, it's much more likely that any such deal will have to include the possibility to buy a majority stake some time down the road.

 

Yet another scenario would be buying the rights to build some corollary business around the new stadium, but that would also be an idiotic decision as outlined above.

 

 

[Mr. WEO]

  On 4/20/2024 at 2:12 PM, WotAGuy said:

There’s also the growing number of guaranteed contracts that require all the funds to be put into escrow.  That, plus all the cash outlays for regular operations probably presents some cash flow challenges. Even though the team is worth a ton on paper, that’s not ready cash needed to accommodate everything going on. 

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The TV/merch/licensing money covers all expenses.  The rest is free money. 

[Boatdrinks]

  On 4/21/2024 at 3:43 PM, Matt_In_NH said:

Lots of questions in my head

 

1.  Is this because Pegula is low on cash and could this get worse, chance of selling team outright sooner than later?  Maybe  he needs cash for stadium overruns

2.  Maybe he wants cash to help with inheritance if his kids were going to take over?

3.  The Bills are underspending the cap this year in terms of cash which in my mind is good but .......is it related to running low on cash in the business?

 

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Most likely it’s liquid cash to cover stadium overruns. 

[Doc]

  On 4/21/2024 at 4:03 PM, Boatdrinks said:

Most likely it’s liquid cash to cover stadium overruns. 

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Imagine a downtown stadium.  Much less with a dome.

[Boatdrinks]

  On 4/21/2024 at 5:45 PM, Doc said:

 

Imagine a downtown stadium.  Much less with a dome.

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Probably another 5-600 million $ or more. 

[Mike in Horseheads]

  On 4/20/2024 at 9:08 PM, Just Jack said:

 

And I am good for 25% of your 25% of his 25% of his 25%.

 

BTW, Powerball is $98M tonight, and Mega is $202M Tuesday night, for those interested. 

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That would give you 30% of the 25%

[Just Jack]

  On 4/21/2024 at 6:30 PM, Mike in Horseheads said:

That would give you 30% of the 25%

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No one hit PB last night so it's up to $115M next drawing.