Pegula to pay $1.4 billion for the Buffalo Bills, a record high for an NFL team. There were five bidders for the team. More in SBD soon
— daniel kaplan (@dkaplanSBJ) September 9, 2014
$1.4 Billion reasons to thank Terry
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Re: $1.4 Billion reasons to thank Terry
The #Bills were sold to the Pegula family for a price of approximately $1.4 billion, 2 sources say. That’s a record for an @NFL team.
— Ian Rapoport (@RapSheet) September 9, 2014
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Re: $1.4 Billion reasons to thank Terry
Originally posted by Bulldog View PostI'm finding that number a little hard to believe.
It's like the time I bought my house & threw an extra $3,000 over asking on the bid since there was another bidder so that I could slam dunk the deal on something I wanted. Since I was spending over $150k, an extra $3k was almost meaningless to me, but it sealed the deal.
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Re: $1.4 Billion reasons to thank Terry
This really didn't turn out to be the circus some people were insisting that it was. Maybe Morgan Stanley didn't screw everything up after all. Things moved quickly, the trust got a record price, and the owner everyone wanted was selected. It seems like everything most of us thought would happen did.
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Re: $1.4 Billion reasons to thank Terry
Originally posted by Ed View PostThis really didn't turn out to be the circus some people were insisting that it was. Maybe Morgan Stanley didn't screw everything up after all. Things moved quickly, the trust got a record price, and the owner everyone wanted was selected. It seems like everything most of us thought would happen did.YardRat Wall of Fame
#56 DARRYL TALLEY #29 DERRICK BURROUGHS#22 FRED JACKSON #95 KYLE WILLIAMS
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Re: $1.4 Billion reasons to thank Terry
Originally posted by Ed View PostThis really didn't turn out to be the circus some people were insisting that it was. Maybe Morgan Stanley didn't screw everything up after all. Things moved quickly, the trust got a record price, and the owner everyone wanted was selected. It seems like everything most of us thought would happen did.Originally posted by mysticsotoLecter is right in everything he said.
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Re: $1.4 Billion reasons to thank Terry
Originally posted by zone View Post300-400 million
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Re: $1.4 Billion reasons to thank Terry
for a circus, it pretty much followed the exact time line that kept being put out time and time again.
and with a limited number of buyers, you aren't going to get a rigid deadline date. if potential buyers want a day to complete due diligence, it was afforded. but weeks after ralph's death there were a lot of articles saying "quick sale and owner could be ratified by oct".
We are exactly on that timeline. i would say the whole process went very smoothly.
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