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More than 60 Potential Buyers Position for Buffalo Bills Sale

July 14th, 2014 at 5:31 PM
By Richard N. Wade II

The future of Buffalo Bills ownership is still in limbo after the passing of Ralph C. Wilson Jr. back on March 25 of this year.

Buffalo Bills vs Jackson Jaguars 2010 3 from Flickr via Wylio? 2010 mark.watmough, Flickr | CC-BY | via Wylio

Many prospective buyers have entered the fray, but most have remained nameless thus far. The only known interested parties are Buffalo Sabres owner Terry Pegula, Tom Golisano, and real estate mogul Donald Trump.

A new report has surfaced claiming upwards of 60 prospective buyers have received, signed, and returned non-disclosure agreements, granting them access to the initial sales book. 

The Bills are expected to sell for more than $1 billion. By National Football League rules, a lead bidder must have a minimum 30% stake, and only $200 million of the entire purchase can be financed; the rest must be paid in cash.

The trust of Ralph Wilson, founding owner of the Bills who died in March, is overseeing the sale. Prospective buyers have until July 29 to inform the trust's investment bank and law firm jointly running the sale whether they intend on bidding.

Tags: Buffalo, Buffalo Bills, Football, NFL

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