My guess would be Galisano. What's your pick?
So who's going the buy the Bills that's in WNY?
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Re: So who's going the buy the Bills that's in WNY?
Whoever buys the Bills in WNY and wants to keep them there would have to likely raise ticket prices by a good bit to try and turn even more profit out. So be prepared to pay highers ticket prices if you want the Bills to stay.COMING SOON...
Originally posted by Dr.LecterWe were both drunk and Hillary did not look that bad at 2 AM, I swear!!!!!!
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Re: So who's going the buy the Bills that's in WNY?
Originally posted by draz54Can an NFL team go public... as in stock market?
I could see Galisano doing that and retaining 51% of the shares. Jim Kelly and Jack Kemp could hold a substantial %'s as well. Each one of us could own stock.
Nope.
After Green Bay's fans pulled it off the money grubbing ****s at the NFL put a halt to any furture attempt at making NFL team's public shares."Do me a favor, say a prayer for brother Timmy. And tip a cold one. Go Bills." - Tom Brokaw
We are the Rockpile
We are the Rockpile
We are the Rockpile
BUFF-A-LO
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Re: So who's going the buy the Bills that's in WNY?
Honestly I think the Bills move.
I dont believe anyone in western NY will be the highest bidder and ultimatley an invester/buyer from out of state, as much as I hate to say it, would be absolutley insane from a money standpoint to not move the team to LA, toronto.....etc.
I hope to hell someone steps up but I just think it would be very tough financially to keep them there. Maybe the state/county will step up and offer some sort of incentive package or something.
Either that or we can only hope ol' Ralph does the right thing and has something lined up.
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Re: So who's going the buy the Bills that's in WNY?
Originally posted by DevinHonestly I think the Bills move.
I dont believe anyone in western NY will be the highest bidder and ultimatley an invester/buyer from out of state, as much as I hate to say it, would be absolutley insane from a money standpoint to not move the team to LA, toronto.....etc.
I hope to hell someone steps up but I just think it would be very tough financially to keep them there. Maybe the state/county will step up and offer some sort of incentive package or something.
Either that or we can only hope ol' Ralph does the right thing and has something lined up.
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Re: So who's going the buy the Bills that's in WNY?
Originally posted by DevinHonestly I think the Bills move.
I dont believe anyone in western NY will be the highest bidder and ultimatley an invester/buyer from out of state, as much as I hate to say it, would be absolutley insane from a money standpoint to not move the team to LA, toronto.....etc.
I hope to hell someone steps up but I just think it would be very tough financially to keep them there. Maybe the state/county will step up and offer some sort of incentive package or something.
Either that or we can only hope ol' Ralph does the right thing and has something lined up.
That's what sucks about this whole thing. It seems inevitable and there's nothing we can do about it.
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Re: So who's going the buy the Bills that's in WNY?
Originally posted by SABuffalo786Nope.
After Green Bay's fans pulled it off the money grubbing ****s at the NFL put a halt to any furture attempt at making NFL team's public shares.
Originally posted by wikipediaThe Packers are now the only publicly owned company with a board of directors in American professional sports (although other teams are directly owned by publicly traded companies, such as the Atlanta Braves (Time Warner), the Chicago Cubs (Tribune Company), New York Rangers (Cablevision), the Seattle Mariners (Nintendo of America), and the Toronto Blue Jays (Rogers Communications)). Typically, a team is owned by one person, partnership, or corporate entity; thus, a "team owner." It has been speculated that this is one of the reasons the Green Bay Packers have never been moved from the city of Green Bay, a city of only 102,313 people in the 2000 census.[6]
By comparison, the typical NFL football city is populated in the millions. The Packers, however, have long had a large following throughout Wisconsin and the Midwest; in fact, for decades, the Packers played four (one pre-season, three regular-season) home games each year in Milwaukee, first at the State Fair Park fairgrounds, then at Milwaukee County Stadium. The Packers did not move their entire home schedule to Green Bay until 1995.
The reason for ending the series of Milwaukee games, according to former team president Robert Harlan, was the larger capacity of Lambeau Field and the availability of luxury boxes, which were not available at Milwaukee County Stadium.[citation needed] County Stadium's replacement, Miller Park, then being planned, was always intended to be a baseball-only stadium instead of a multipurpose stadium.
Based on the original "Articles of Incorporation for the (then) Green Bay Football Corporation" put into place in 1923, if the Packers franchise was sold, after the payment of all expenses, any remaining monies would go to the Sullivan-Wallen Post of the American Legion in order to build "a proper soldier's memorial." This stipulation was enacted to ensure the club remained in Green Bay and that there could never be any financial enhancement for the shareholders. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation.
In 1950, the Packers held a stock sale to again raise money to support the team. In 1956, area voters approved the construction of a new city owned stadium. As with its predecessor, the new field was named City Stadium, but after the death of founder Lambeau in 1965, on September 11, 1965, the stadium was renamed Lambeau Field.
Another stock sale occurred late in 1997 and early in 1998. It added 105,989 new shareholders and raised over $24 million, money used for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale, which ended March 16, 1998. As of June 8, 2005, 111,921 people (representing 4,749,925 shares) can lay claim to a franchise ownership interest. Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value, and stock ownership brings no season ticket privileges. No shareholder may own over 200,000 shares, a safeguard to ensure that no individual can assume control of the club. To run the corporation, a board of directors is elected by the stockholders. The board of directors in turn elect a seven-member Executive Committee (officers) of the corporation, consisting of a president, vice president, treasurer, secretary and three members-at-large. The president is the only officer to draw compensation; the balance of the committee is sitting "gratis."
The team's elected president represents the Packers in NFL owners meetings unless someone else is designated. During his time as coach, Vince Lombardi generally represented the team at league meetings in his role as general manager, except at owners-only meetings.
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Re: So who's going the buy the Bills that's in WNY?
Originally posted by Mikey82I'm guessing it will be a group of people and these are just a handful of them....
Tom Golisano
Bob Rich
Jeremy Jacobs
Danny Wegman
Jim Kelly
Wasnt there a guy in Rochester who had some money to burn?COMING SOON...
Originally posted by Dr.LecterWe were both drunk and Hillary did not look that bad at 2 AM, I swear!!!!!!
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