Pegula has submitted a bid

[Jry44]

Woah. RT @NewsRadio930 @BfloBizJimFink says he's been told the Pegula bid for the #BuffaloBills is $1.3 billion.

From Sal Capaccio's Twitter page. Pegula isn't playing.

Local guy with that much loot that's investing in your community, I think he will be our next owner. Bidding $1.3 on the initial big can't be even close to as high as he's willing to go!

[Jry44]

Is there a deadline on when they're going to decide by? Sorry I haven't been keeping up with the process.

The Wilsons want to have a prospective owner for the rest of the league owners to vote on at the 10/7 owners meeting.

[BillsOwnAll]

The Wilsons want to have a prospective owner for the rest of the league owners to vote on at the 10/7 owners meeting.

Thank you!

[THATHURMANATOR]

Any word on the bid amounts?

[Jry44]

Any word on the bid amounts?

See above. Some are leaking out. Terry Pegula isn't playing. ....

[Fletch]

Is there a deadline on when they're going to decide by? Sorry I haven't been keeping up with the process.

As usual, not a lot of definitive info despite the sage know-it-alls here.

From the link to that first piece:

So what does the trust do now? Advance all three bidders to the finalist round? Cut down to just two? Or quietly extend the deadline for first bids?


The trust can alter dates, deadlines and procedures in the sale process at any time, however it sees fit.


The trust has set aside next week and the week after to meet individually with finalist bidders. After that, finalists were scheduled to be asked to submit binding, final bids.
If doesn't even sound like the trust knows.

[Fletch]

See above. Some are leaking out. Terry Pegula isn't playing. ....

What do you mean it's not playing?

[Skooby]

What do you mean it's not playing?

He isn't playing around.

[Dr. Lecter]

http://pbs.twimg.com/media/BtyxsMNIIAAS7qL.jpg

[Dr. Lecter]

As usual, not a lot of definitive info despite the sage know-it-alls here.

Ummmmmmmmm..........

Oh forget it

[Novacane]

Not sure how I feel about this. Lack of bids reduces the chances of the bids going too high, but there's a 33% chance of the team moving if this is true.

No LA bid. I see it as a good thing.

[Dr. Lecter]

Not sure how I feel about this. Lack of bids reduces the chances of the bids going too high, but there's a 33% chance of the team moving if this is true.

You know that is not true. Assuming all bids were created equally is faulty.

[OpIv37]

You know that is not true. Assuming all bids were created equally is faulty.

Yeah well we don't have any information to make a quality judgment on each bid. We don't know what standards the trust is using to evaluate them or how well the bids met those standards.

Trump said he expects to lose. For all we know, his bid could have been summarily dismissed for being trash and it's 50/50 between Pegula and Toronto.

[OpIv37]

No LA bid. I see it as a good thing.

Yes, that's a good thing. There was some momentum behind LA when Ralph first died but it went away quickly and never came back.

This ****ing Toronto thing won't die though.

[Novacane]

It all depends on if this "source" is correct, early reports yesterday said there could be up to 10 bidders, it doesn't seem likely that so many would drop out, unless they're conceding to Pegula (I wish).

The early reports could of been wrong

[casdhf]

I'm going to say this first.

If Terry Pegula pulls this off, he is Buffalo's greatest sports hero. The "Mount Rushmore of Buffalo Sports" should have four portraits of Terry Pegula.

Sports hero? He will be the biggest hero period.

[Fletch]

He isn't playing around.

Thanks for the clarification!!

[Jry44]

Yes, that's a good thing. There was some momentum behind LA when Ralph first died but it went away quickly and never came back.

This ****ing Toronto thing won't die though.

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.

[Jry44]

Thanks for the clarification!!

It wasn't too hard to figure out to begin with....

[MikeInRoch]

pegula also leased out 20000 sqft in the seneca tower. seems like he's moving forward pretty aggressively. they said that they are outgrowing the FNC, but 20k additional square footage sounds like it is covering other activity as well.

This. And I'm shocked more people aren't bringing this up and paying attention to it.