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In reference to @nypost report, source told me to expect bid from Golisano since last week. Process remains open with deadline lifted. @wgrz
Originally posted by ny post
Billionaire Tom Golisano, a three-time candidate for the New York statehouse, is about to enter the race to buy the Buffalo Bills, The Post has learned.The 72-year-old founder of Paychex plans to make an offer early next week, two sources close to the situation said.
Golisano, the former owner of the Buffalo Sabres, would be the fourth bidder for the NFL franchise — which is expected to set a league sales price record at north of $1.2 billion.
The estate of the late Bills owner Ralph Wilson Jr. wants to create more competition and will welcome a Golisano bid even though it will arrive up to six days after the deadline, sources said.
Golisano has long been interested in sports and athletes.
A former resident of suburban Rochester, NY, about 80 miles east of Buffalo, Golisano, who now lives in Naples, Fla., in June announced his engagement to 40-year-old tennis superstar Monica Seles.
Golisano also bid unsuccessfully in 2012 for the Los Angeles Dodgers.
Billionaire Tom Golisano, a three-time candidate for the New York statehouse, is about to enter the race to buy the Buffalo Bills, The Post has learned. The 72-year-old founder of Paychex plans to …
Sounds like he is an ******* and is getting special treatment. The rest of the bidders had no problem putting in a bid when it was supposed to be. What makes this **** face so special?
Sounds like he is an ******* and is getting special treatment. The rest of the bidders had no problem putting in a bid when it was supposed to be. What makes this **** face so special?
I too am curious as how the other bidders feel about this. With bid amounts (alleged bid amounts) being leaked, does Golisano now have an edge?
Sounds like he is an ******* and is getting special treatment. The rest of the bidders had no problem putting in a bid when it was supposed to be. What makes this **** face so special?
The article tells you that, IMO: "The estate of the late Bills owner Ralph Wilson Jr. wants to create more competition"
In short, they want their dog and pony show... Golisano just happens to be the one willing to give it to them currently. IMO, it wouldn't have mattered if it were Golisano, a group from LA, a group from London, or a group from Pago Pago... They just want more bidders, presumably to drive up the sale price... But, perhaps an alternative reason, which I'll explain below.
With bid amounts (alleged bid amounts) being leaked, does Golisano now have an edge?
Well, yes and no. Bid wise, probably not... It seems as if the "highest bidder" is all that is taken into account, Golisano can't run with Pegula, assuming Pegula wants to push it out of Golisano's range. The bids are also nonbinding, so I don't see how it can be that much of an edge.
But...
Keep in mind that 2 of the 4 members of the Trust are current employees of the Bills: Mary Owen and Jeff Littman. Now, I'm sure that both are in line for a percentage of the sale price, but pending on how big of a difference there is between bidders, the amount extra that they'd get from the "highest bidder" might not be too much more than the next highest bidder, especially if the lower bidder offers to let them keep their jobs in the Bills Front Office.
So, for example: Let's say Pegula's $1.3 Bid is true. But, with his bid, he offers no guarantee of Owen and/or Littman keeping their jobs as Bills executives.
Then, Golisano comes along and offers $1.2 billion, but also says that, if accepted, Owen and Littman would retain their positions. While there is a $100 million difference in bids, the offer of keeping their jobs (and the salary that those jobs entail) might be more beneficial for Owen and/or Littman to vote in Golisano's favor, even if Pegula's bid is higher.
Remember, 3 of the 4 are needed to approve the buyer. Without at least one of Owen or Littman, no buyer can be approved.
The next step is for groups who have been approved to advance is to meet with both Morgan Stanley and members of the estate to obtain the franchise's financial information. Bills President Russ Brandon also is expected to make a presentation to prospective bidders.
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.
My guess is, having Brandon be a part of the presentation is going to be his best attempted salespitch yet, as it could very well be the salespitch to try and keep his job.
The unsealed process is a big key for me too. Take my above example: Even though Pegula's bid is higher, it might not be high enough to get Owen and Littman's vote, as while it gives them a bit more from the sale, gives them zero job security. so, they can go back to Pegula and say "Hey, offer $1.5 billion and you'll have our vote" (because they'll get more from the sale, thus justifying them losing their jobs).
In short, IMO, the whole "unsealed process" is just another way for the Trust to get their dog and pony show, while also potentially driving up the price of the Franchise, or securing perks for the members of the Trust (like keeping their jobs).
Billionaire Tom Golisano, a three-time candidate for the New York statehouse, is about to enter the race to buy the Buffalo Bills, The Post has learned. The 72-year-old founder of Paychex plans to …
(Moderator) My name's Max Yasgur, and I approve of this post.
Originally Posted by pmoon6
The idea that you "won't settle" presumes that you have some kind of control. Delusional thinking at best for a supposed fan of a spectators' sport. Your way to deal with it is to constantly ***** and denigrate any move, any result concerning the team even if it's positive because you don't want your whittle feewings hurt again. It's a protection mechanism.
You shroud your childish approach in a vale of pompous, intellectual garbage in an attempt to look smart and "real". You over-analyze even minute points and manipulate statistics to fit your negative view of the team. Again, to feel good about yourself and to protect from getting hurt.
Of course, the criticisms are obviously from someone who has no understanding of the team concept or what it takes to excel at athletics.
The true "realist" understands that they have no control of what happens on the field or behind the closed doors at One Bills' Drive, so they do the prudent thing for a spectator. They enjoy the games on Sunday with family and friends, cheer for their team and realize that it's just entertainment.
------
"I was an integral part in the drafting process of EJ Manuel," Whaley said Thursday on NFL Network's Total Access. "I was the person that handled the draft process and setting up the board."
"We are committed. I want you to believe me when I say that," Whaley said of building around the second-year quarterback, per The Buffalo News. "I always tell you guys that I'll never say never because I don't want to paint myself in a corner, but when I do say something, I do it and I mean it and I try to fulfill it."
"We believe the addition of Sammy is going to be instant impact, not only to our quarterback, but to what our offensive coordinator can come up with game-plan wise and how defenses attack us," Whaley said.
Whaley on EJ Manuel: "We think we got a gem in this guy." (2:30)
"And as Mark says, if in three years maybe he's not [our quarterback of the future], then I'll be sitting there saying 'hey guys', .... anybody got a job for me?" - Doug Whaley
(Moderator) My name's Max Yasgur, and I approve of this post.
Originally Posted by pmoon6
The idea that you "won't settle" presumes that you have some kind of control. Delusional thinking at best for a supposed fan of a spectators' sport. Your way to deal with it is to constantly ***** and denigrate any move, any result concerning the team even if it's positive because you don't want your whittle feewings hurt again. It's a protection mechanism.
You shroud your childish approach in a vale of pompous, intellectual garbage in an attempt to look smart and "real". You over-analyze even minute points and manipulate statistics to fit your negative view of the team. Again, to feel good about yourself and to protect from getting hurt.
Of course, the criticisms are obviously from someone who has no understanding of the team concept or what it takes to excel at athletics.
The true "realist" understands that they have no control of what happens on the field or behind the closed doors at One Bills' Drive, so they do the prudent thing for a spectator. They enjoy the games on Sunday with family and friends, cheer for their team and realize that it's just entertainment.
------
"I was an integral part in the drafting process of EJ Manuel," Whaley said Thursday on NFL Network's Total Access. "I was the person that handled the draft process and setting up the board."
"We are committed. I want you to believe me when I say that," Whaley said of building around the second-year quarterback, per The Buffalo News. "I always tell you guys that I'll never say never because I don't want to paint myself in a corner, but when I do say something, I do it and I mean it and I try to fulfill it."
"We believe the addition of Sammy is going to be instant impact, not only to our quarterback, but to what our offensive coordinator can come up with game-plan wise and how defenses attack us," Whaley said.
Whaley on EJ Manuel: "We think we got a gem in this guy." (2:30)
"And as Mark says, if in three years maybe he's not [our quarterback of the future], then I'll be sitting there saying 'hey guys', .... anybody got a job for me?" - Doug Whaley
Keep in mind that 2 of the 4 members of the Trust are current employees of the Bills: Mary Owen and Jeff Littman. Now, I'm sure that both are in line for a percentage of the sale price, ...
Not sure that that's a great assumption. Board members and executors of trusts, quite often lawyers, usually get paid a fee or are allowed to charge for their time rather than a percentage of the sale. Think about it, and as you imply, there would be bias and partiality issues if they got paid a percentage.
What should be concerning is that they're allowing other bidders to enter, even if it is Golisano. If the goal of the trust per Wilson's instructions written in the trust was to sell to the high bidder and as a tie-breaker, or if the bid is within a certain range of the highest bid, to then sell to someone that would be more likely to keep the team in Buffalo, then they had a pretty perfect scenario.
By allowing other bidders to join in the process should make everyone wonder what the goal of the trust is. We may never know all the details, but what we do know is that the more bidders there are the less the chance that any single bidder's bid, Pegs' in this case, is the winner.
(Moderator) My name's Max Yasgur, and I approve of this post.
Originally Posted by pmoon6
The idea that you "won't settle" presumes that you have some kind of control. Delusional thinking at best for a supposed fan of a spectators' sport. Your way to deal with it is to constantly ***** and denigrate any move, any result concerning the team even if it's positive because you don't want your whittle feewings hurt again. It's a protection mechanism.
You shroud your childish approach in a vale of pompous, intellectual garbage in an attempt to look smart and "real". You over-analyze even minute points and manipulate statistics to fit your negative view of the team. Again, to feel good about yourself and to protect from getting hurt.
Of course, the criticisms are obviously from someone who has no understanding of the team concept or what it takes to excel at athletics.
The true "realist" understands that they have no control of what happens on the field or behind the closed doors at One Bills' Drive, so they do the prudent thing for a spectator. They enjoy the games on Sunday with family and friends, cheer for their team and realize that it's just entertainment.
------
"I was an integral part in the drafting process of EJ Manuel," Whaley said Thursday on NFL Network's Total Access. "I was the person that handled the draft process and setting up the board."
"We are committed. I want you to believe me when I say that," Whaley said of building around the second-year quarterback, per The Buffalo News. "I always tell you guys that I'll never say never because I don't want to paint myself in a corner, but when I do say something, I do it and I mean it and I try to fulfill it."
"We believe the addition of Sammy is going to be instant impact, not only to our quarterback, but to what our offensive coordinator can come up with game-plan wise and how defenses attack us," Whaley said.
Whaley on EJ Manuel: "We think we got a gem in this guy." (2:30)
"And as Mark says, if in three years maybe he's not [our quarterback of the future], then I'll be sitting there saying 'hey guys', .... anybody got a job for me?" - Doug Whaley
Not sure that that's a great assumption. Board members and executors of trusts, quite often lawyers, usually get paid a fee or are allowed to charge for their time rather than a percentage of the sale. Think about it, and as you imply, there would be bias and partiality issues if they got paid a percentage.
What should be concerning is that they're allowing other bidders to enter, even if it is Golisano. If the goal of the trust per Wilson's instructions written in the trust was to sell to the high bidder and as a tie-breaker, or if the bid is within a certain range of the highest bid, to then sell to someone that would be more likely to keep the team in Buffalo, then they had a pretty perfect scenario.
By allowing other bidders to join in the process should make everyone wonder what the goal of the trust is. We may never know all the details, but what we do know is that the more bidders there are the less the chance that any single bidder's bid, Pegs' in this case, is the winner.
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Originally Posted by pmoon6 
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