The Buffalo Bills are still organizing the deluge of information required for the sale of an NFL franchise in 2014. There are many old men (and Bon Jovi) with lots of money who want to own the Bills and gain a coveted NFL property in doing so. Now a pro sports franchise expert says there are more bidders than meets the eye at this time.
John Kryk of the Toronto Sun writes that the Bills have more bidders than the much-publicized bunch that includes Donald Trump, Jon Bon Jovi, Buffalo Sabres owner Terry Pegula, and former Sabres owner Tom Golisano. His source? Sports business expert Marc Ganis, President of Sports Corp. Ltd. Ganis had the following to say about the number of bidders involved in the process.
“It is far broader than the names the media have identified. I suspect [bidders] won’t be identified publicly unless they are successful.
“These are parties who have been through this kind of process before and understand it — not necessarily for a sports team, but they’ve been through this kind of controlled auction before, and they are very well versed in the process.”
While Ganis offered no names or corporations, he did say that these ‘are not household names’. Rather, they are super rich people or conglomerates who know their stuff and have too many cogs in too many machines to disrupt the flow of business by announcing their interest in spending $2 billion on an NFL franchise, a new stadium, and all the taxes and fees associated with such a purchase.
As ever, the more we hear about the bidding process on the sale of the Buffalo Bills, the less we ultimately know. The team sent out ‘sale books’ last week to prospective buyers, but don’t expect any significant news on the sale front until all the bids are submitted and sifted through.
Tags: Buffalo Bills