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SBD/July 21, 2014/Franchises
Bills Reportedly Could Sell For More Than $1.1B; Bon Jovi Formally Expresses Interest
Published July 21, 2014
EYEING A DECISION BY OCTOBER: Kryk cited a source as saying that prospective bidders not only have until 5:00pm on July 29 to inform Morgan Stanley "of their intention to bid, they must submit an indicative bid by then." After that date, the trust "will quickly select finalists." Presumably "by the end of that week." The source said that the "intention of the trust indeed is to choose a buyer in time for ratification by NFL owners at their next scheduled meeting, Oct. 6-8 in Detroit" (QMI AGENCY, 7/19).