News Archives

Buffalo Bills Bid Officially Started by Jon Bon Jovi-Led Toronto Group

July 19th, 2014 at 12:00 PM
By Paul Lane Sabres 101

The paperwork is in place for a Jon Bon Jovi-led group from Toronto to make a bid on the Buffalo Bills.

Bon Jovi from Flickr via Wylio? 2011 Earl McGehee, Flickr | CC-BY | via Wylio

The Associated Press reported Friday that the group has retained a banking firm and submitted paperwork. The group includes the Rogers family and Maple Leaf Sports and Entertainment, owner of the Toronto Maple Leafs and Raptors.

The forms give prospective bidders access to the Bills' financial details as they prepare their bids. More forms need to be submitted to the NFL later this month in order to gain more information.

The group's intentions aren't know, but speculation has them moving the team to Toronto – which hosted one Bills game each of the last six seasons with middling interest – to play in the Rogers Centre. That has prompted several Buffalo-area groups and radio stations to avoid playing Bon Jovi songs as a form of protest. Any move would require a buyout of the Bills' lease, which carries a $400 relocation penalty except for a brief window in 2020, when the lease reduces the penalty to $28.4 million. The lease runs through 2022.

Other confirmed bidders for the Bills include Donald Trump, former Buffalo Sabres owner Tom Golisano and current Sabres owner Terry Pegula. At least 10 sets of preliminary documents have been returned by would-be bidders.

The Bills have been valued at $870 million by Forbes.

Seeing your team play in the SuperBowl is priceless. Watching the SuperBowl live in the stands for $1 per week is beyond priceless. Find out how at TicketScore.com, the future of Championship Tickets. Tags: Buffalo, Buffalo Bills, Buffalo Sabres, Donald Trump, Football, Jon Bon Jovi, NFL, Terry Pegula, Tom Golisano

Related posts

Leave a Reply

You must be logged in to post a comment.

Login with: