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Now that the Buffalo Bills have named an investment bank and law firm to handle the sale of the NFL club, what now?
A billion and a half... wow. That just shortened the list. I think whoever it is will need assurances that there will be tremendous support for a downtown stadium district to compliment a new downtown stadium. I think this one either goes big or goes elsewhere. Time for the Greater Buffalo area to make its move back to relevance and glory.
NFL owners preference is for the potential owner to be liquid ~$500M over the sale price.
That's significant because the minimum principal-ownership threshold in the NFL is 30%. So if the Bills sell for, say, exactly $1 billion then that's $300 million. The additional $200-million liquidity requirement means the NFL prefers a principal owner with half a billion in available cash. Not net worth, cash. Minimum.
Just because you want to have sex with Bon Jovi doesn't mean he has 1/100th of the cash required to buy the Bills, and the forces at work to keep the team in Buffalo have more money and power than BJ's backers do.
Eh, read it again...Principal owner needs $300mil, plus $200mil cash over his/her initial investment...that's $500mil, not $1.5bil.
NFL prefers a principal owner with half a billion in available cash
Good eye. I misconstrued that. Point remains the same though... there isn't a long list with a half a billion in cash, which means the need to satisfy the demands of said person will be significant.
And there are a lot of RICH people in WNY that LOVE Buffalo.
Then there is Trump who has said he would keep the Bills in Buffalo.
You are grasping at straws in your hope the Bills move.
Even the Toronto Sun in that article said the Toronto group that wanted to buy the Bills don't have enough money to do so.
Really, don't answer him. He doesn't want an answer. He just wants to be an ass and make other people unhappy. People like that don't deserve the time of day.
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