One thing's for sure in that article:Originally Posted by MitchMurrayDowntown
The circus that has been masquerading as the sale of the Buffalo Bills ...
As to "firing Morgan Stanley and starting over with a less restrictive NDA," who says it was Morgan Stanley that created that? Couldn't it have been the trust, or Wilson himself? There's clearly something to protect and it's not a reach to consider that it has something to do with the team not relocating.
Last edited by Fletch; 08-21-2014 at 01:19 PM.
Meathead (08-21-2014)
Why are we surprised that a NFL franchise is worth a lot less in Buffalo?
Anybody that contends the process has been a circus is a dumbass. From the very beginning, the timeline was basically set as having a new owner in place by the October meetings. and they are on target for that still. The only people creating a circus out of the process are the *******s in the media, especially the douchebags at Forbes.
YardRat Wall of Fame
#56 DARRYL TALLEY #29 DERRICK BURROUGHS#22 FRED JACKSON #95 KYLE WILLIAMS
The first & second stage stuff was fluff. If I walked in there with $1 Billion in my Morgan S account I could own the Bills, they're not turning anyone away. They gave Jim Kelly's phone number to JBJ to try and get JBJ's group to make a competitive bid, Jim basically told him to go fly a kite.
From a Billion $ transaction standpoint, this is a circus.
P.S. JBJ made money on looks & vocal talent, the people around him helped him make more. Don't mistake a good business team for a business giant, he's still a singer & didn't make his first / bigger money in the business field. Your post pining for him was right up there for worst idea ever for the Bills, there's something obviously wrong with you to even mention the idea. Dunk your head in cold water for that, for penance.
Last edited by Skooby; 08-21-2014 at 07:06 PM.
Except that whole inheritance tax:
Inheritance Tax
Inheritance tax is imposed as a percentage of the value of a decedent's estate transferred to beneficiaries by will, heirs by intestacy and transferees by operation of law. The tax rate varies depending on the relationship of the heir to the decedent.
Bill Cody is referring to the Marital Deduction under the Federal Estate tax.
It is an unlimited deduction to all property passing outright to the surviving spouse.
- - - Updated - - -
Bill Cody is referring to the Marital Deduction under the Federal Estate tax.
It is an unlimited deduction to all property passing outright to the surviving spouse.
apparently Forbes was wrong...Report: Bid For Bills Tops A Billion
ESPN Bills reporter Mike Rodak discusses the report that Terry Pegula's bid for the team was over $1 billion.
I don't know how you read that. There is nothing about timelines and doing all that valuation can take a long time.
I lowballed my initial bid to feel out the competitors. Morgan Stanley said not good enough, I went up 5 more dollars, they sent me the book. It wasn't the best book because there were no cheerleader pics in it, lot of stupid numbers, and I didn't get to meet any when the Head of Sanitation gave me a tour of the dumpsters, though some people waved to me when I waved to them as a prospective owner near the dumpsters. I always bond with Freegans, I am a man of the people.
Anyway, I'm going as high as $243 in the final round , but my attorney advises me this whole process is a farce. I think that's what he said anyway, I don't speak that dialect of his native tongue, but I'm the customer and the customer is always right so it better be what he said or I'll get another lawyer for the next team I mean to buy if I can get my 50 dollars back from him. If I can't I see it as a relationship of faith and he'd better get me a book with cheerleader pics in it.
I suppose technically I did not bid over 900 million either, as if.
It's a staged spectacle for people that have more money than I do, I am inclined to believe.
Last edited by Mace; 08-22-2014 at 11:02 PM.
To me 'staged' implies the eventual outcome is predetermined, as well as all of the actions leading up to that outcome. To a certain point, yes, it is staged, because the mechanisms and process were put into place by RW to guarantee, as much as feasibly possibly, that the team remain in Buffalo after sold. Good. I'm happy that part is 'staged'. To a certain point it isn't, because there is no way to control who is willing to bid to purchase the team and keep them here, or their actions throughout the process, or how the media reports the progress and the info (true, false, made-up...whatever). The sale of an NFL team is always a 'spectacle', because it very much is news worthy. The entire NFL and everything they do is a 'spectacle', and pretty much a spectacle by intent.
I guess the bids did go over a billion.
Hmmmmmm......
jlgarsh (09-10-2014)
Sorry you didn't win
Mace (09-10-2014)
Followup....
I had an influx of new Freegan investors, took back my cans, and Larry Quinn finally paid me back the 5 dollars he borrowed in 1987, so my binding bid topped out at $302.25. I also attempted to concede and congratulate Terry Pegula, a personal friend, who pepper sprayed me and had me arrested for being his garage to congratulate him. Oh ho, Mr. Money Guy, I violated an order of protection, well, a bunch of them, simply to be gracious in defeat, and so you make me pay my attorney another $50 to get me out yet again. I see how you are now and it's a good thing we're personal friends or I myself would take it as a negative aspersion on myself.
They made me give the book back with this Nazi SWAT team of burly Morgan Stanley muscle or I'd tell more about it, but I couldn't be bothered to read much of it without cool pictures.
I found the process to be enlightening, and I intend to bid next on some other team when it is for sale. I was telling Jim Kelly my thoughts and he said "I told you to go away now, or I will call the police, friend." (Yes, I am friends with Jim Kelly too as you can see by the quote), and I felt we were on the same page.
I didn't take any pictures of the sales book, but attempted to draw it in Windows Paint and it came out like a rudimentary child's drawing so I feel it's inappropriate to publish it.
I'm optimistic I will one day be accepted as a minority owner, if well, very minority owner, because I am friends with Jim Kelly, certainly intend to meet Gundlach when I can find him (he moves around a lot, savvy), and represent a substantial amount of Freegan investors who I have come to hang out with a lot.
It was a merry chase, and I think it important to mention I, myself, would myself have kept the Bills around here someplace, myself.
Well played Terry !
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