MrEpsYtown Posted April 19 Posted April 19 Dude let’s all pool some cash together. Then we can all be in the draft room. 1 1 1 Quote
Buffalo_Stampede Posted April 19 Posted April 19 1 minute ago, nucci said: sounds like 25% of the team is for sale Yep. And Josh Allen and company is brokering the deal. Quote
noacls Posted April 19 Posted April 19 5 minutes ago, Augie said: In the land of the real world, yes I think it matters. The browns and colts say hello. 1 Quote
ALG1130 Posted April 19 Posted April 19 1 minute ago, Logic said: The Pegulas currently own 100% of the Buffalo Bills football team. They are selling 25% -- or one quarter -- ownership of the team. This will leave them with 75% -- or three quarters -- ownership of the team. They are doing this to make some money. Hope this helps. I got all that, but whom are they selling the 25% to and does this interfere with the team staying or going? Already admitted to being an idiot about this stuff so I am just trying to understand it all. Quote
nucci Posted April 19 Posted April 19 1 minute ago, noacls said: The browns and colts say hello. say hello for me and give them my best 1 Quote
NoSaint Posted April 19 Posted April 19 1 minute ago, Aimee75 said: I got all that, but whom are they selling the 25% to and does this interfere with the team staying or going? Already admitted to being an idiot about this stuff so I am just trying to understand it all. If we had those answers it would be in the post but the process seems to be just starting 1 Quote
Warcodered Posted April 19 Posted April 19 2 minutes ago, Logic said: The Pegulas currently own 100% of the Buffalo Bills football team. They are selling 25% -- or one quarter -- ownership of the team. This will leave them with 75% -- or three quarters -- ownership of the team. They are doing this to make some money. Hope this helps. Yeah even in the next generation as long as they're all on the same page no issue, if they weren't it'd be a cluster***** which it'd have been before most likely only now with an outside force brought in. Quote
warrior9 Posted April 19 Posted April 19 8 minutes ago, Logic said: It's more and more common for sports owners to do this. Tax reasons, stadium cost overruns, etc, etc... Graham lays it out well in the article. Yeah Mark Cuban recently did this with the Mavs.. but he actually did the majority 1 Quote
HomeskillitMoorman Posted April 19 Posted April 19 There's a 25% chance now that McD is on the hot seat! I'll take it! 1 1 2 4 1 Quote
Augie Posted April 19 Posted April 19 (edited) 8 minutes ago, noacls said: The browns and colts say hello. Did they have a stadium coming out of the ground across the street when they moved? Teams usually move because they can’t get a stadium. . Edited April 19 by Augie 1 2 Quote
HomeskillitMoorman Posted April 19 Posted April 19 6 minutes ago, MrEpsYtown said: Dude let’s all pool some cash together. Then we can all be in the draft room. I bet we could all easily come to a compromise on who to take Quote
Allen2D̶i̶g̶g̶s̶TBD Posted April 19 Posted April 19 (edited) Erie County residents should already own 25% of the team considering we paid for the stadium. Edited April 19 by Allen2D̶i̶g̶g̶s̶TBD 1 1 2 1 Quote
Augie Posted April 19 Posted April 19 8 minutes ago, nucci said: sounds like 25% of the team is for sale ….and it’s gonna cost a bit more than 50 yard line Club seats. Quote
gonzo1105 Posted April 19 Posted April 19 The Bills were last valued at 3.7 Billion dollars so we only need to come up with 925 million Quote
dpberr Posted April 19 Posted April 19 (edited) I've had a long standing theory that Bills (and Sabres) ownership is more fragile than it appears. It does not surprise me to see this announcement. Terry is in his early 70s, Kim's status as owner is unknown, and none of the five kids are easy to spot heir apparent to running the menagerie of companies he has in his portfolio. What you really don't want to see is Terry pass unexpectedly, and the ownership is transacted by the family to the highest bidder. That's a nightmare Bon Jovi scenario. The likelihood of the Bills being owned by someone like Terry with a deep appreciation of Buffalo and western New York is slim in that scenario. Edited April 19 by dpberr 2 2 Quote
Logic Posted April 19 Posted April 19 Just now, Aimee75 said: I got all that, but whom are they selling the 25% to and does this interfere with the team staying or going? Already admitted to being an idiot about this stuff so I am just trying to understand it all. I was just being cheeky. I don't think anyone knows who the bidders will be at this point, but I assume there will be no shortage of suitors. At this point, there is no reason to believe they are selling any more than 25%, or are moving on from being owners of the Bills, or moving the team, or anything of the sort. The stadium is being built. The Bills aren't going anywhere. As for the "why" if it, Graham lays it out in his article: Tax considerations, liquidity, stadium overrun costs, etc. 1 Quote
babulator Posted April 19 Posted April 19 If the bank would just loan me the money, I could pay it back with the profits and interest easy, I promise! Quote
Fan in Chicago Posted April 19 Posted April 19 10 minutes ago, MrEpsYtown said: Dude let’s all pool some cash together. Then we can all be in the draft room. Exactly my thoughts. Then we can more strongly influence Beane. 🙂 1 Quote
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