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SBD/August 11, 2014/Franchises
Jim Kelly, Jeffrey Gundlach Look To Be Minority Partners In A Bid For The Bills
Published August 11, 2014
LOW BALL: FORBES' Mike Ozanian cited sources as saying that three groups have submitted bids of "less than" $1B for the Bills. Sources said that Donald Trump has offered in the mid-$800M range, while Sabres Owner Terry Pegula and Jon Bon Jovi's group have "both offered well under" $1B. The bid figures are an "embarrassment for the NFL" and Morgan Stanley. The investment bank "butchered the sales process and shame on the NFL" for handing them the deal (FORBES.com, 8/10).
STAYING PUT? In Buffalo, Zremski & Precious report the NFL is “stepping up its push" for a new Bills stadium in Western New York. League officials said that a new stadium there is “necessary to provide fans a better experience and to give the team and the league a shot of new revenue.” In a conversation last week with Gov. Andrew Cuomo and in other recent talks with Sen. Charles Schumer (D-N.Y.), Commissioner Roger Goodell “reiterated his contention that the NFL would like to see the Bills remain in Buffalo.” But Goodell told them that a new stadium “must be part of the mix.” A source said that Goodell “promoted the idea of a new Buffalo stadium again last week in a private phone call with Cuomo” (BUFFALO NEWS, 8/11).