Pegulas selling 25% of the Bills, per Tim Graham

[Draconator]

Has anyone called Douglas Jemal? He has lots of deep investments in Buffalo. Perfect fit.

[Buffalo_Stampede]

2 minutes ago, Logic said:

@Aimee75

This simple key quote from the ProFootballTalk article on the subject will hopefully put your mind at ease a little bit:

"The skyrocketing valuations of NFL teams and the estate taxes have made it difficult for sole ownership."

In other words, this type of thing is more and more common, and the Pegulas are not the only ones in the NFL doing this. It's a practical financial matter, not a "first step to selling the team entirely" thing.

So I should climb down from the peace bridge?

[Low Positive]

1 minute ago, Buffalo_Stampede said:

So I should climb down from the peace bridge?

Nah, stay up there. Josh Allen is about to ask for a trade. I read it right here on TBD. 

[Augie]

7 minutes ago, Logic said:

@Aimee75

This simple key quote from the ProFootballTalk article on the subject will hopefully put your mind at ease a little bit:

"The skyrocketing valuations of NFL teams and the estate taxes have made it difficult for sole ownership."

In other words, this type of thing is more and more common, and the Pegulas are not the only ones in the NFL doing this. It's a practical financial matter, not a "first step to selling the team entirely" thing.

 

Haven’t we seen a team that had to sell already because they couldn’t pay the inheritance tax?  That’s not chump change! 

[Logic]

6 minutes ago, Buffalo_Stampede said:

So I should climb down from the peace bridge?

Might wanna wait 'til after pick 28 of the draft. Beane sure was talking a lot about wanting to add a defensive end the other day...

Edited April 19 by Logic

[Pine Barrens Mafia]

The beginning of the end.

 

[Canadian Bills Fan]

Do they accept layaway?

[GASabresIUFan]

In simple terms, TP paid 1.4 for the Bills.  If he gets $900 mill to $1 bill for the 25$ stake, he is essentially recovering 2/3 of his original investment, yet keeps 75%.  Smart!

Edited April 19 by GASabresIUFan

[Prospector]

42 minutes 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. 

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

[nucci]

Likes others have said, this, PSLs and tax money will pay for the stadium and Pegula pays nothing.

[buffblue]

7 minutes ago, Draconator said:

Has anyone called Douglas Jemal? He has lots of deep investments in Buffalo. Perfect fit.

He's a bit...old (81)

 

Also, I don't believe he has nearly enough bank. Pretty sure his net worth is something like 150 million.

[CNYfan]

I think this was mostly Kim's thing.

[Beast]

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

[Buffalo_Stampede]

2 minutes ago, nucci said:

Likes others have said, this, PSLs and tax money will pay for the stadium and Pegula pays nothing.

Billionaires are typically smart.

[SoonerBillsFan]

Is Terry having financial issues?

 

[Call_Of_Ktulu]

1 minute ago, Logic said:

Might wanna wait 'til after pick 28 of the draft. Beane sure was talking a lot about wanting to add a defensive end the other day...

I hope not, KC held the crap out of the Bills Ravens and 49ers in the Playoffs and not one holding penalty was called. If this keeps happening it should devalue the DT/DE positions. 
 

A 3-4 defense with a Joker LB that can just rush from anywhere he wants is probably the way to go.

[Pine Barrens Mafia]

Just now, SoonerBillsFan said:

Is Terry having financial issues?

 

I'm guessing not.

 

 

[Einstein]

15 minutes ago, SoonerBillsFan said:

Is Terry having financial issues?

 

They dissolved PSE, many rumors of them trying to sell the Sabres on the low, and now they are putting 1/4 of their only valuable sports team on the market.

Something is going on (hint: PSL sales are not going too well).

 

Edited April 19 by Einstein

[gflande1]

Just because they are rich, doesn’t mean they are cash rich. They probably need to raise some cash to pay their part of the stadium, or some other expense. No different than when he sold oil land to finance buying the team. 
 

This likely means nothing in regards to the Bills or Pegula finances. 
 

Bills aren’t going anywhere, they have a long term lease in place…it would cost a fortune to break that lease. 

[Toomstone.Part.Duex]

Its difficult to imagine the amount of money some people have.   You'd need over 900 Million just to get a 25% stake.