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SBD/May 13, 2014/Franchises
Former Islanders Owner Howard Milstein Says He Will Not Bid To Buy Bills
Published May 13, 2014
WHAT'S YOUR E.T.A.? Precious noted if past NFL transactions are any guide, the process for selling the Bills is "similar in many ways to selling your parents' house, including approval from the estate’s trust, a battery of financial background checks, inspection of the structure and its expenses, and a detailed appraisal by the seller -- and buyer -- of the Bills’ bottom-line value." While some reports suggest late Bills Owner Ralph Wilson Jr.'s trust "might try to sell the team by July," experts said that the "potential roadblocks and snags are so many that July is an ambitious date." A source said that an investment bank’s examination of the team's finances "will take at least a month." Another source said that Donald Trump "already has had three conversations" about the Bills with NFL Commissioner Roger Goodell (BUFFALO NEWS, 5/12). Meanwhile, a BUFFALO NEWS editorial stated, "The good news for Western New Yorkers is that the right people are on board with the mission of ensuring that the Buffalo Bills stay right here where they belong." The Bills are "too much a part of this town -- of its psyche, its identity, its oxygen supply -- to allow the team to slip away over a mere billion or so dollars" (BUFFALO NEWS, 5/11).