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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-
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Re: $1.4 Billion reasons to thank Terry
I'm finding that number a little hard to believe.I only drink when I'm alone or with others. -
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
If true he overpaid but it's not my money so who cares!Comment
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Re: $1.4 Billion reasons to thank Terry
Look at it this way. If you have as much money as the Pegulas do, you see overbidding as a win/win. The extra 3-4 million means virtually nothing to them. They stop any counter bidding in its tracks while ingratiating themselves to the other owners who will be approving the sale & gladly welcoming them with open arms for inflating franchise values.Originally posted by Bulldog View Post
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.Comment
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Re: $1.4 Billion reasons to thank Terry
$1.1 for the team and another $300mm to get rid of brandon. good deal.Comment
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Re: $1.4 Billion reasons to thank Terry
BWA-HA-HA-HA-HAAAAAAAAAAAAA!!!!!!
SUCK IT FORBES AND ALL THE PSEUDO-FANS !!!!!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
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.Comment
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Re: $1.4 Billion reasons to thank Terry
Of course it wasn't. Some will insist it was, however, to the bitter end.Originally posted by Ed View PostYardRat 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
I wish I could have a circus that yielded 1.4 billionOriginally posted by Ed View PostOriginally posted by mysticsotoComment
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Re: $1.4 Billion reasons to thank Terry
You login to one every day for free.Originally posted by Dr. Lecter View PostAnonymity is an abused privilege, abused most by people who mistake vitriol for wisdom and cynicism for witComment
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Re: $1.4 Billion reasons to thank Terry
I know, it was too late to edit when I re-read my post. Still to the Pegulas, to throw in that much to slam dunk the deal was well worth it. It also creates a ton of good will with the other owners for increasing the price of admission into their exclusive club.Originally posted by zone View PostComment
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Re: $1.4 Billion reasons to thank Terry
I wonder who the other 2 unknown bidders are.Comment
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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.Comment
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