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Uncle Vito

Bon Jovi Group Getting Second Chance To Bid On Bills

 

Jon Bon Jovi is getting a second chance to become the owner of the Buffalo Bills.  In spite of his words, Bon Jovi  and his Canadian partners need to do two things -- convince the seller of their sincerity to keep the team in Upstate New York, and open their pocket books a little more.  Canada's QMI Agency says Morgan Stanley, which is handling the sale for the Ralph Wilson trust, rejected the Bon Jovi group's initial bid, which was reportedly no more than 900-million dollars. 

By comparison, sources say Buffalo Sabres owner Terry Pegula offered one-point-three-billion for the Bills, and Donald Trump is said to have put in a one-billion-dollar bid.

While Jon Bon Jovi had an open letter published in the "Buffalo News" over the weekend emphasizing his group's commitment to the city, Morgan Stanley and the Wilson trust are apparently not convinced.  Relocation plans are a deal-breaker.  The Bills are locked into a veritable iron-clad stadium lease through 2022.  The team became an available NFL franchise earlier this year, following the death of founder and owner Ralph Wilson in March.

 

Source: NESN

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