The New York Post reported that Golisano will enter the bidding process early next week. Golisano was expected to submit a bid before the 5 p.m. Tuesday deadline, but that deadline came and went with only three known bids – current Sabres owner Terry Pegula, Donald Trump and a Toronto-based group led by Jon Bon Jovi – entered.
Those three bids have all been pushed through to the next phase, during which Commissioner Roger Goodell said more financial details will be shared with the prospective owners. But the Golisano move could explain why Morgan Stanley, the bank leading the sale process, extended the deadline for first-round bids. That deadline has been indefinitely extended, as the estate of Ralph Wilson Jr. would welcome any competition to drive the price up.
Any bid from Golisano would have to clear the $1.3 billion Pegula reportedly bid for the Bills. That price would set a record for an NFL team but could go up, as the first-round bids are not binding. Indeed, Golisano could have been playing a bit of rope-a-dope by letting the other bids come to pass before preparing his initial number.
Golisano sold the Sabres to Pegula in 2011 after buying the team in 2003 when it was near bankruptcy.
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.
- Former Buffalo Sabres Owner Tom Golisano Set to Make Bid for Buffalo Bills
- Buffalo Sabres Owner Terry Pegula Addresses Buffalo Bills Ownership Situation
- Buffalo Sabres React to Passing of Buffalo Bills Owner Ralph Wilson Jr.
- Buffalo Sabres Owner Terry Pegula to Bid on Buffalo Bills
- Rochester Americans Re-enter AHL Playoff Picture Thanks to Three-game Winning Streak
Short URL: http://sport-ne.ws/1e27