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Apparently by the logic of some here, the Sporting News now wants the Bills out of Buffalo too.
[WARNING: This article is not your typical superficial "Rah-Rah Buffalo" piece and contains facts that counter the opinions that have been established as facts by posters here.]
Some excerpts:
In a perfect world the Bills would stay in Buffalo, but this is about business and Morgan Stanley has the responsibility to get as much money as it can from the sale of the Bills. If the Toronto bid is successful, two-thirds — or 24 of the 32 NFL owners — would have to approve the move, easier said than done but not as much of a hurdle as Bills fans would like to believe.
All told, when your factor in the cost of at least $1.5 billion the Rogers/Bon Jovi/ Tanenbaum group would have to pay for the Bills — the $400 million penalty to move the Bills and upwards of $1 billion to build a new state-of-the-art NFL stadium in Toronto — the group is looking at investing north of $2.9 billion in bringing the NFL to Toronto. That’s a daunting task to say the least. Before anyone suggests $2.9 billion may be too much for them to consider, remember Rogers’ net worth is estimated to be more than $7.6 billion.
Two different mindsets will decide the future of the Bills — one driven by business, the other by caring about the city and region you live in. Billions of dollars are on the line, along with the future of the National Football League in Western New York.
Regarding that second excerpt, not mentioned is that Pegula would also have to build that same new state-of-the-art stadium in WNY eventually and sooner rather than later. Even if Tannenbaum's group wins, I doubt that they're going to pay that $400M, they'll just wait a few years, and by the end of the current lease we'll need a new team anyway, making the new stadium issue identical either way. The difference is that as the piece (not to mention common sense) demonstrates, there's a lot more money in Toronto. The cost is going to be about the same for either party.
[WARNING: This article is not your typical superficial "Rah-Rah Buffalo" piece and contains facts that counter the opinions that have been established as facts by posters here.]
Some excerpts:
In a perfect world the Bills would stay in Buffalo, but this is about business and Morgan Stanley has the responsibility to get as much money as it can from the sale of the Bills. If the Toronto bid is successful, two-thirds — or 24 of the 32 NFL owners — would have to approve the move, easier said than done but not as much of a hurdle as Bills fans would like to believe.
All told, when your factor in the cost of at least $1.5 billion the Rogers/Bon Jovi/ Tanenbaum group would have to pay for the Bills — the $400 million penalty to move the Bills and upwards of $1 billion to build a new state-of-the-art NFL stadium in Toronto — the group is looking at investing north of $2.9 billion in bringing the NFL to Toronto. That’s a daunting task to say the least. Before anyone suggests $2.9 billion may be too much for them to consider, remember Rogers’ net worth is estimated to be more than $7.6 billion.
Two different mindsets will decide the future of the Bills — one driven by business, the other by caring about the city and region you live in. Billions of dollars are on the line, along with the future of the National Football League in Western New York.
Regarding that second excerpt, not mentioned is that Pegula would also have to build that same new state-of-the-art stadium in WNY eventually and sooner rather than later. Even if Tannenbaum's group wins, I doubt that they're going to pay that $400M, they'll just wait a few years, and by the end of the current lease we'll need a new team anyway, making the new stadium issue identical either way. The difference is that as the piece (not to mention common sense) demonstrates, there's a lot more money in Toronto. The cost is going to be about the same for either party.
Originally Posted by pmoon6 
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