Pegula has submitted a bid

[Fletch]

Re: Pegula has submitted a bid

I watched Dark Skies the other night and the advice they got to protect their family was to make it as difficult as possible for them, the Aliens still took their kids.

LOL

[Jan Reimers]

Re: Pegula has submitted a bid

I watched Dark Skies the other night and the advice they got to protect their family was to make it as difficult as possible for them, the Aliens still took their kids.

Hell, they can take my kids, too. Just not the Bills.

[WagonCircler]

Re: Pegula has submitted a bid

The PR nightmare that would ensue for the estate and the league (not to mention the potential political firestorm) if they ignored a $1.5 BIL bid from a local sports franchise owner who is committed to keeping the team in Buffalo would be a shtstorm of epic proportions.

I just don't see the estate selling out Ralph's legacy over a few hundred million (and the Toronto group can go much higher than that, by all accounts), when they already have a bid to sell the team for the highest price ever for an NFL franchise.

Terry is buying this team, Toronto. Deal with it. Suck it.

[Fletch]

Re: Pegula has submitted a bid

The PR nightmare that would ensue for the estate and the league (not to mention the potential political firestorm) if they ignored a $1.5 BIL bid from a local sports franchise owner who is committed to keeping the team in Buffalo would be a shtstorm of epic proportions.

I just don't see the estate selling out Ralph's legacy over a few hundred million (and the Toronto group can go much higher than that, by all accounts), when they already have a bid to sell the team for the highest price ever for an NFL franchise.

Terry is buying this team, Toronto. Deal with it. Suck it.

Agree on the firestorm comment. If Pegula is the highest bidder it will be his regardless.

The Trust runs what happens to this team, it's independent of the rest of Wilson's estate. The only thing that hasn't been made known is whether or not the board for the trust has the lattitude or not to sell to a lower bidding potential owner if the board has reason to believe that he would keep the team in the region over another prospect. (Bon Jovi's group or Trump)

We don't know that. For all we know the trust may very well have to sell to the highest bidder. That's the news that we're all waiting to hear.

At this point in time however it seems that Pegula's going to be the highest bidder anyway, but I haven't read anything about what the Toronto group has bid and to assume that it wasn't equally as much may not be a wise assumption.

Just like there are emotional/sentimental reasons for an owner that would keep the team here, there are the same reasons for say a Toronto (international) group. First international NFL team, first Canadian team, not to mention a more profitable city in every likelihood.

People here love to jump to conclusions rather than commenting on the actual facts. Speculation and rumors carry more weight here than the cold hard facts usually and until proven otherwise.

I agree with you that Pegula is the frontrunner, but until we know what the Toronto group has bid, initially, and still with the option of bidding higher, and until we know what that Trust says, nothing should be assumed. It wouldn't surprise me in the least if Wilson set it up to go to the highest bidder without giving the Trust any lattitude to do otherwise.

Also, is this bidding process, the second round, a secret ballot? ... or can bids be revised in more of an auction type of scenario. I haven't heard either way and don't recall how bidding for other teams in the NFL have gone. IIRC they're secret ballots with the winners having been the highest bidders. Maybe someone knows.

[Dr. Who]

Re: Pegula has submitted a bid

I really don't know who Treg Lewis is, but he is tweeting that the Toronto group bid 1.2B; Pegula 1.3B.

What seems pretty certain, call this speculation all you want, is that Pegula has made a strong offer that is for more than any NFL team has ever sold for. Everything WagonCircler wrote is correct. It would be an absolute PR nightmare for the NFL and the trust to go with anyone besides Pegula. And why would they want to? He is the ideal NFL owner.

[cookie G]

Re: Pegula has submitted a bid

I think it's dead.

A group bid requires a mojority owner, in which the majority owner has to front 30% of the groups bid himself. Reports are that Pegula has bid $1.3 billion. Bon Jovi I believe I saw doesn't have a net worth that's even half of that.

THAT, is what I meant by saying thar Pegula isn't playing. He blew the other two bidders out of the water right away. I think Pegula has well over a 90% of being a lock to getting the team.

Bon Jovi wouldn't be the majority owner regardless. He'll own a piece, will be the front man for the franchise..but he won't be the mjaority owner..Rogers probably would own the majority.

Anyway...I like Pegula's aggressiveness.

[cookie G]

Re: Pegula has submitted a bid

I'm only mildly surprised that Golisano hasn't bid. He originally said that he would buy the Bills IF it was needed to keep them in Buffalo. No doubt he's talked to Pegula recently. They might have talked about not getting into a bidding war with each other. Pegula could always offer him a piece of the team later.

[stuckincincy]

Re: Pegula has submitted a bid

I really don't know who Treg Lewis is, but he is tweeting that the Toronto group bid 1.2B; Pegula 1.3B.

What seems pretty certain, call this speculation all you want, is that Pegula has made a strong offer that is for more than any NFL team has ever sold for. Everything WagonCircler wrote is correct. It would be an absolute PR nightmare for the NFL and the trust to go with anyone besides Pegula. And why would they want to? He is the ideal NFL owner.

Playing devil's advocate, Goodell has often talked about a team in another country. The NFL PR machine could spin up "hands across the border" stuff.

[WagonCircler]

Re: Pegula has submitted a bid

I'm only mildly surprised that Golisano hasn't bid. He originally said that he would buy the Bills IF it was needed to keep them in Buffalo. No doubt he's talked to Pegula recently. They might have talked about not getting into a bidding war with each other. Pegula could always offer him a piece of the team later.

I think Tom G is Terry's ace in the hole. If the Toronto group decides to get really stupid and push the envelope towards $2BIL, then I think Golisano comes on board. And I think that's game, set, match.

The Toronto group already has three factions, Bon Jovi, Rodgers and The Maple Leaf Group. The NFL has made it clear, time and again, that they prefer a strong, single owner. I think Terry can outbid the Canadians by himself, but when you start to add up all the strikes against the Canadians, the fact that they're clearly lying about moving the team, the fact that their cobbled together bid would have to be chosen over a huge bid that fills out all the current requirements (Terry Pegs), the ironclad lease, the delicate political situation, the Bon Jovi group is FUCT. It's all just too much to overcome, especially in the context of Pegula's bid, his aggressiveness, his means, and his track record.

We're well into the 4th Quarter of this game and Terry P just took a 48-3 lead. Insurmountable.

[Buffalogic]

Re: Pegula has submitted a bid

Pegula already won. Bid first, bid strong. He's not going to rebuild Buffalo and let the bills, the lifeblood of WNY, slip through his fingers.

[justasportsfan]

Re: Pegula has submitted a bid

I had to pull my bid once I found out how much Pegula bid. I'm just 1.399999 B short.

[Dr. Who]

Re: Pegula has submitted a bid

Playing devil's advocate, Goodell has often talked about a team in another country. The NFL PR machine could spin up "hands across the border" stuff.

Taking a storied franchise away from a loyal fan-base from a blue-collar town when there is an historical offer on the table with a stable owner dedicated to the city in order to "go international" would only play to those who think the guys with the black hats are the good guys . . . pretty weak, diablo.

[trapezeus]

Re: Pegula has submitted a bid

have we learned nothing as buffalo sports fans? it isn't over until the doc is signed and there is a press conference and the owners ratify it.

i can totally see Pegula being on the inside track and then something just epicly awful occuring and we lose the team to Bret Michaels. or whatever other 80's singer that is excited to move this to a country that hasn't supported NFL football.

I am optimistic at what it seems like, but i also know buffalo has squandered more sure things in the past.

[Goobylal]

Re: Pegula has submitted a bid

I think Tom G is Terry's ace in the hole. If the Toronto group decides to get really stupid and push the envelope towards $2BIL, then I think Golisano comes on board. And I think that's game, set, match.

The Toronto group already has three factions, Bon Jovi, Rodgers and The Maple Leaf Group. The NFL has made it clear, time and again, that they prefer a strong, single owner. I think Terry can outbid the Canadians by himself, but when you start to add up all the strikes against the Canadians, the fact that they're clearly lying about moving the team, the fact that their cobbled together bid would have to be chosen over a huge bid that fills out all the current requirements (Terry Pegs), the ironclad lease, the delicate political situation, the Bon Jovi group is FUCT. It's all just too much to overcome, especially in the context of Pegula's bid, his aggressiveness, his means, and his track record.

We're well into the 4th Quarter of this game and Terry P just took a 48-3 lead. Insurmountable.

Not to mention BJs group aligned themselves with that weasel Congel.

[DetDannyWilliams]

Re: Pegula has submitted a bid

NY Post: Pegula Bids More Than $1 Billion for Bills


The Pegula's have said they're interested in keeping the team in Western New York.


Check out this story on WGRZ.com: http://on.wgrz.com/1rNHnPs