Trump selected to advance in Bills' sale process

[BLeonard]

http://www.pro32.ap.org/article/ap-source-trump-advances-bills-sale-process



Michael Cohen, Trump's executive vice president and special counsel, confirmed in an email to the AP that his boss was chosen to advance to the next round of bidding. Cohen said he was informed of the decision by Morgan Stanley, the banking firm overseeing the sale of the team for late owner Ralph Wilson's estate.

"Mr. Trump's significant wealth, name recognition and real estate knowledge makes him a viable option," Cohen said.

Trump is bidding on his own after electing against being joined by partners. He is prepared to make an all-cash offer.




A Toronto group that includes rocker Jon Bon Jovi was expected to submit a bid. It's not known if that group has been selected to advance.


Wow...........



































And so are NHL Buffalo Sabres owners Terry and Kim Pegula, a person close to the process confirmed Thursday night to The Associated Press while speaking on the condition of anonymity because the sale is supposed to be private.


-Bill

[better days]

The "expert" on WGR the other day said the trust would want 3 final bidders.

So I would expect the same three, unless Golisono joins the fray, then the Toronto group could be out.

[BLeonard]

Also from the article, what I feel are very telling signs as to what will happen:



The deadline Tuesday was regarded as a soft one, meaning other interested parties can still submit bids until a prospective owner is identified. The time, however, is growing shorter for outside groups to become involved.

IOW, they want more bids than they currently have... Only reason for that would be to get the most money possible, a "bidding war"... Proven here:



Once that is done in the coming weeks, groups will then be asked to submit formal bids. The bidding process is unsealed, meaning Wilson's estate will have the ability to ask groups to increase their bids.


So, anyone thinking about a "hometown discount," that pretty much goes out the window with the bolded... But, it does indicate that the Trust can essentially "hand pick" the buyer.

-Bill

[Topas]

Bleonard, I think you are reading too much into this. Of course they want to maximize the money. But there is no sign if they want to maximize the money from anybody or they want to maximize the money, from the bidder(s) that keep the team in town...
I still think the second is true.