SBD/June 20, 2014/Franchises

First Round Of Documents Sent To Potential Bills Bidders Including Pegula, Bon Jovi

Bon Jovi reportedly met with Commissioner Goodell on Thursday
The legal and financial advisers representing the Bills have "begun distributing nondisclosure agreements and teaser documents to potential bidders for their review," according to sources cited by Tim Graham of the BUFFALO NEWS. These materials are "in advance of the more detailed sales book that bidders will use to evaluate the team's assets and debts." One source said that the sales book "is in the final drafting stage and should be available within a week to 10 days." A source said that the nondisclosure agreements and teasers are "expected to be sent out in waves over the next couple weeks and that potential suitors who've been vetted quickly began receiving their documents Wednesday." Trump Org. Exec VP & Special Counsel Michael Cohen confirmed that Donald Trump "received the nondisclosure agreement letter." Graham notes it is "not immediately certain who else received the preliminary packet." But sources "assumed" that former Sabres Owner Tom Golisano, current Sabres Owner Terry Pegula and a Toronto group involving Maple Leaf Sports & Entertainment Chair Larry Tanenbaum and musician Jon Bon Jovi "certainly were on the list" (BUFFALO NEWS, 6/20). QMI AGENCY's John Kryk reported Morgan Stanley will "vet potential bidders before the NFL does" (QMI AGENCY, 6/19). The AP's John Wawrow noted Pegula's entry marks the "first clear signal of his interest in getting involved" in buying the Bills. Pegula's net worth "could rise after his company reached a deal to sell off 75,000 acres of land in Ohio and West Virginia" to Oklahoma-based American Energy Partners for $1.75B last week (AP, 6/19). Meanwhile, in N.Y., Mohr & Smith report Bon Jovi had "a two-hour lunch with NFL Commissioner Roger Goodell" on Thursday. A source who spotted them at N.Y.'s Fresco by Scotto said, "They were definitely talking business. Jon was taking notes -- he had a pen and paper with him at the table" (N.Y. POST, 6/20).
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