Terry with the Early Lead

[Mike]

Early Reports show that, Sabres owner, Terry Pegula, is in early lead with non-binding bid of $1.3 Billion. The Toronto group, headed by Bon Jovi, came in second with a reported bid of $1.2 Billion. Bid from Galizino is unclear and Trump made a public statement that he is mostly likely out.

Top 2 Bids:

1) Terry Pegula: $1.3 Billion
2) Toronto Group: #1.2 Billion

* Its important to remember that these are non-binding and that top bitter will get to see the Bills Financial Statements. After statements are disclosed more negotiations will occur until a deal is brokered. Final purchase price will change from these preliminary numbers and its good to see how invested Terry Pegula is in purchasing the Bills.

http://www.buffalorumblings.com/buffalo-bills-news/2014/7/29/5950485/buffalo-bills-sale-terry-pegula-jon-bon-jovi-initial-bids

[ServoBillieves]

Re: Terry with the Early Lead

1) Wants to keep the team in WNY
2) Highest bid.

... I know it's not that easy but looks pretty cut and dry as the front runner for me.

[DraftBoy]

Re: Terry with the Early Lead

Well that's honestly closer then I thought it would be.

Wonder if either bid pushes to 1.5 for the final bid.

[Ed]

Re: Terry with the Early Lead

1) Wants to keep the team in WNY
2) Highest bid.

... I know it's not that easy but looks pretty cut and dry as the front runner for me.

3) Is committed to investing in and improving Buffalo.
4) Already owns and has experience running a professional sports franchise.
5) Is a sound businessman.

This guy is such a slam dunk that it doesn't make any sense for him not to be the owner.

[DraftBoy]

Re: Terry with the Early Lead

3) Is committed to investing in and improving Buffalo.
4) Already owns and has experience running a professional sports franchise.
5) Is a sound businessman.

This guy is such a slam dunk that it doesn't make any sense for him not to be the owner.

Doesn't the Toronto Group technically have 4 and 5 as well?

[Forward_Lateral]

Re: Terry with the Early Lead

The NFL seems to have a general preference for single owners instead of groups.

Not saying that means much, but it's something.

[Ed]

Re: Terry with the Early Lead

Doesn't the Toronto Group technically have 4 and 5 as well?

Sure, but I don't think they have 1-3 right now. My point is I just don't see any flaws with Pegula, so why wouldn't he be the perfect option for this franchise?

[jimmifli]

Re: Terry with the Early Lead

Doesn't the Toronto Group technically have 4 and 5 as well?

6) has history of underfunding rosters and milking teams for profit.

[DraftBoy]

Re: Terry with the Early Lead

6) has history of underfunding rosters and milking teams for profit.

Is that supposed to be a negative to the NFL?

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Sure, but I don't think they have 1-3 right now. My point is I just don't see any flaws with Pegula, so why wouldn't he be the perfect option for this franchise?

I didn't say he wouldn't be, I'm simply saying some of your factors apply to both bidders.

[Ed]

Re: Terry with the Early Lead

Is that supposed to be a negative to the NFL?

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I didn't say he wouldn't be, I'm simply saying some of your factors apply to both bidders.

Right, and I'm not saying that the Toronto group doesn't have strong ownership qualities, I was just agreeing with Servo that Pegula seems like the clear front runner for a number of reasons. I guess the question for me now is does the Toronto group bring anything to the table that Pegula does not? I can't think of anything that would make them a better option or give them an advantage, assuming the money is the same or close.

[swiper]

Re: Terry with the Early Lead

LOL @ some people wishing and magical thinking their way into getting the owner they want.

[bleve]

Re: Terry with the Early Lead

I wonder if anyone of these guys will be in Canton this weekend.

[Ed]

Re: Terry with the Early Lead

LOL @ some people wishing and magical thinking their way into getting the owner they want.

Magical thinking? We're basically down to only two realistic bidders and the guy everyone wants just submitted the highest initial bid. The numbers are what they are, it's not magic.

[DraftBoy]

Re: Terry with the Early Lead

Right, and I'm not saying that the Toronto group doesn't have strong ownership qualities, I was just agreeing with Servo that Pegula seems like the clear front runner for a number of reasons. I guess the question for me now is does the Toronto group bring anything to the table that Pegula does not? I can't think of anything that would make them a better option or give them an advantage, assuming the money is the same or close.

Outside of the celebratory status of Bon Jovi? Not really.

In the end nothing is going to matter but that dollar amount though.

[WagonCircler]

Re: Terry with the Early Lead

Outside of the celebratory status of Bon Jovi? Not really.

In the end nothing is going to matter but that dollar amount though.

That's incredibly naive thinking. If you don't think there are complicating factors other than the money, you're blind.

It's not like Pegula is bidding $900 MIL while the TO group is bidding $1.2 BIL. For starters, he's already bidding more. And more importantly, he has the ability to go beyond $1.5 BIL.

When you add that to the political nightmare that guys like Schumer would rain down on the league for selling to a group that would relocate the team, this is basically over.

So sorry to disappoint you.