Forbes- All potential Bills buyers under $900 Million

[Skooby]

http://www.forbes.com/sites/mikeozan...rtner=yahootix

Terry Pegula: $890 million.

Toronto Group (Larry Tanenbaum, Bon Jovi, Ed Rogers): $820 million.
Donald Trump: $809 million

[Dr. Lecter]

There is no economic reason why the Bills must be sold during the few months.

This is actually not true. As I understand it, the estate taxes need to be paid withing 9 months of Ralph's passing.

[better days]

As if a less restrictive non disclosure agreement would have a huge impact on the sale of the team.

LMAO at that writer.

[OpIv37]

Odd that the writer used his own valuation of the team at $935 mm and not the $850 estimate that Forbes released just a few months ago...

I guess "most likely owner bids $40 mill more than the value" isn't as interesting as "OMG no one wants the Buffalo bills because they didn't bid as much as the number I made up"

[Skooby]

This is actually not true. As I understand it, the estate taxes need to be paid withing 9 months of Ralph's passing.

Mary is alive, so why wouldn't she get all of the money without tax liabilities ?

[Dr. Lecter]

Odd that the writer used his own valuation of the team at $935 mm and not the $850 estimate that Forbes released just a few months ago...

I guess "most likely owner bids $40 mill more than the value" isn't as interesting as "OMG no one wants the Buffalo bills because they didn't bid as much as the number I made up"

I thought about that too.

And that is one reason I question Forbes on some of the reporting. This is not to say other reports are accurate. But their stories have been shoddy and full of holes.

And earlier they had Trump at 850. Now it is 809? Why are these soures better?

It just seems like the re-estimate the value of the team and then publish these values that are all lower than their new estimate.

And the two sources are not directly involved in the sale of the team?

[Skooby]

I thought about that too.

And that is one reason I question Forbes on some of the reporting. This is not to say other reports are accurate. But their stories have been shoddy and full of holes.

And didn't they earlier report that Trump bid 850?

It just seems like the re-estimate the value of the team and then publish these values that are all lower than their new estimate.

And the two sources are not directly involved in the sale of the team?

I haven't seen this many conflicting stories in a long time.

[SpikedLemonade]

.....The best thing NFL commissioner Roger Goodell could do right now is convince the Wilson trust to fire Morgan Stanley and start over. There is no economic reason why the Bills must be sold during the few months. Let the Wilson trust hire a banker that will not require potential bidders to sign an ultra-restrictive non disclosure agreements, so that people interested in buying the team could speak with each other and the NFL.

But the Wilson trust and NFL need to move quickly if they want to restore interest in the team. Rumors have surfaced that Tim Leweike is leaving Maple Leaf Sports & Entertainment. The CEO of MLS&E has denied he is departing the company any time soon.

But if Leweike is indeed thinking of moving on, then I take it as a sign that Tanenbaum, the chairman and minority owner of MLS&E who hired Leweike in part to help him buy an NFL team, is losing interest in the Bills. That would all but guarantee the team is sold for less than $900 million unless Rogers were to up the ante without Tanenbaum.


Well this part actually did happen...

LEIWEKE DEPARTING FROM MAPLE LEAF SPORTS AND ENTERTAINMENT

http://www.tsn.ca/nhl/story/?id=459929

[SpikedLemonade]

Seems like Pegula's alleged non-binding bid of $1.3B was merely fantasy.

He is no idiot.

[Albany,n.y.]

Mary is alive, so why wouldn't she get all of the money without tax liabilities ?

Because the majority of his estate is probably going to his 2 daughters.

[BB4ever]

Mary is alive, so why wouldn't she get all of the money without tax liabilities ?

First sentence man. She would be paying a 40% tax on 900 mil then paying taxes again when she sold it.
http://www.irs.gov/Businesses/Small-...yed/Estate-Tax

[Blondie]

I'd like to see Bon Jovi buy the Bills ... he is hot which would make the bills hot! ♡♡♡♡

[better days]

Mary is alive, so why wouldn't she get all of the money without tax liabilities ?

Mary is not the only person getting the money from Ralph's estate.

[Mr. Miyagi]

Donald Trump: $809 million

I guess the Donald rounded up when he said he bid a billion.

[Bill Cody]

This is actually not true. As I understand it, the estate taxes need to be paid withing 9 months of Ralph's passing.

Actually Ralph can pass his entire estate to Mary free of tax, Mary would be subject to estate taxes when she dies. It's called the unlimited marital deduction.

[better days]

Actually Ralph can pass his entire estate to Mary free of tax, Mary would be subject to estate taxes when she dies. It's called the unlimited marital deduction.

Not really. Changes can't be made to the will after a person dies.

[Bill Cody]

Not really. Changes can't be made to the will after a person dies.

Talking about what Ralph probably did to avoid tax, not about changes now.

[better days]

Talking about what Ralph probably did to avoid tax, not about changes now.

Well, Ralph probably did not leave his entire estate to Mary or there would be no need to sell his extensive art collection which has been done to pay taxes.

[OpIv37]

I know the bids are non-binding and I know the reports of the bid amounts have varied widely, but it would be great if Pegula did get the team for $890 mm.

He netted $1.75 bn from that big selloff he did, leaving him with $860 mm.

That will build one hell of a stadium with no public funds....

[Fletch]

Seems like Pegula's alleged non-binding bid of $1.3B was merely fantasy.

He is no idiot.

He's also no target for gold-digging by the fans.