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SBD/August 6, 2014/Franchises
Bon Jovi-Led Group Allowed To Readjust, Resubmit Initial Bid On Bills
Published August 6, 2014
PEGULA PULLING AHEAD? In Buffalo, Tim Graham cites sources as saying that some of Bon Jovi's influential NFL "allies have suggested that he walk away from the sale because the process has damaged his reputation." But another "line of thinking is that pulling out would leave a bad impression, too, and that Bon Jovi wants to see the process through." Bon Jovi is "considered NFL ownership material, but it has become clear in league circles that his future certainly will be with another team." His open letter printed in Sunday's edition of the Buffalo News was "considered a public relations disaster." Meanwhile, sources insist that the pursuit of the Bills by Sabres owner Terry Pegula and his wife, Kim, "has been flawless so far" (BUFFALO NEWS, 8/6). The AP's John Wawrow reported Pegula's "bottom line has received a big bump in his bid to purchase" the Bills, as he closed yesterday on a $1.75B deal "to sell the drilling rights on about 75,000 acres of land in Ohio and West Virginia to American Energy." Before yesterday's sale, Pegula's net worth "was most recently estimated by Forbes to be" $3.3B (AP, 8/5).