Bills may sell for more than $1 billion

BUFFALO, N.Y. (WIVB) – Sabres owner Terry Pegula reportedly offered over a billion reasons why he should own the Buffalo Bills. Tuesday was deadline day for bids on the team, and News 4 has learned of three bids that were made.

News 4’s Sports confirmed Terry Pegula and Donald Trump submitted bids by Tuesday’s deadline. The other big player, as reported by the Toronto Sun, is a group based in Toronto fronted by rocker Jon Bon Jovi.

Pegula reportedly bid $1.3 billion for the team. There is speculation that the group from Toronto’s bid may also top $1 billion. That would be a record sale price for the NFL.

Now that the serious bidders have submitted preliminary offers, next their offers will be narrowed down to a group of finalists.

News 4’s George Richert asked Business First reporter Jim Fink who is looking like the front runner at this point. Fink said, “It depends what day you’re talking. Today, it’s Pegula, tomorrow it could be somebody else.”

Fink explained, “Anything’s possible I mean this, especially for Buffalo, is uncharted and certainly very emotional territory.”

Notably absent from the bidding pool? Former Sabres owner Tom Golisano. He is officially out of the game after not turning in his bid in writing.

Senator Charles Schumer says that the ultimate decision about who will get the team will come down to the executor’s of Ralph Wilson’s will, but they’ll work closely with the Bills organization itself.

Schumer said, “Our goal is to make sure that anyone who successfully bids for the Bills is committed, and committed not just verbally but in writing and financially, to keep the Bills in Buffalo.”

Bon Jovi is taking a lot of flack for rumors his group might want to move the team to Toronto. But publicly, he’s said his group has every intention of keeping the team in the Queen City.

But despite what he’s saying publicly, not everyone’s convinced Bon Jovi is telling the truth.

Andre Reed told the New York Post, “Man, –expletive- Bon Jovi. You might as well just take this city, throw it in the river and let it go down Niagara Falls.”

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