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Donald Trump Confirms Bid to Buy Buffalo Bills is Coming

May 28th, 2014 at 2:45 PM
By Paul Lane Sabres 101

Real estate mogul Donald Trump confirmed Tuesday that he's moving forward with plans to buy the Buffalo Bills.

Speaking at the National Press Club in Washington, D.C., Trump didn't exactly sound dead-set on acquiring the team:

"We are going to put in a bid. I don't know what's going to happen in Buffalo. If the price isn't the right price, then I won't get it, and I won't be ashamed of it."

The team is valued at around $870 million by Forbes. A new owner would have to also contend with either rehabbing Ralph Stadium or – at the behest of the NFL – build a new stadium. Either way, the new owner would have to put in at least a share of the funding for a new building.

'Donald Trump' photo (c) 2011, Gage Skidmore - license: https://creativecommons.org/licenses/by-sa/2.0/

Trump said one advantage of buying in Buffalo is that public money would be available – something Gov. Andrew Cuomo confirmed last week, so long as private money is also involved. He's vowed to keep the team in Western New York:

"If I get it, I think I'd probably do a good job."

Trump is one three potential suitors believed to have definitive bids in place. A Toronto-based group that included Jon Bon Jovi is believed to be in the running to move the team to Canada. Businessman Tom Golisano is set to make a bid of his own with intentions of keeping the team in Buffalo.

All would seem to have around three weeks to get their bids in. That's when the team said its investment banking and law firms hired to handle the sales process will begin contacting prospective bidders.

The team remains in a trust under the control of Mary Wilson, widow of Ralph Wilson Jr., until any sale is finalized.

Tags: Buffalo, Buffalo Bills, Donald Trump, Football, Jim Kelly, NFL, Ralph Wilson Jr.

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