It was just last week that Bon Jovi and his group were asked to resubmit their bid for the Buffalo Bills and apparently their new bid is much more competitive as the group is now a finalist, according to canoe.ca.
The previous submission was too low at a reportedly below $900 million and one source telling John Kryk that it was even below $800 million, but their new submission could be closer to the $1 billion threshold. Other finalists include Donald Trump and Buffalo Sabres owner Terry Pegula.
It is Pegula who has the reported top offer on the table with a $1.3 billion offer for the franchise while Trump’s offer is at $1 billion.
So what is the next step for the finalists?
“Finalists soon will be asked to submit binding bids, probably before month’s end, according to Kryk. The trust and transaction team then will select a preferred buyer and begin purchase negotiations, if this sale follows the usual trajectory. The seller can amend the sale process at any time.”
Fans of the Bills have not been shy about expressing their displeasure with the notion that Bon Jovi could be the owner of their franchise, especially after reports came out he and his group were exploring options to move the team to Toronto.
Bon Jovi tried to clear up those rumors about a potential move, despite the Bills locked into a stadium lease through 2019 in a in a letter to the Buffalo News.
“My family and I are prepared to make this life-changing commitment to be part of the Bills. This is not a hobby or an acquisition. Building a winner on and off the field will be job one and I intend to spend as much time on the ground in Buffalo as needed to accomplish that goal … Our objective is simple: to carry on the legacy of Ralph Wilson and make the Bills successful in Buffalo.”
There is now a 66.6 percent chance that either Bon Jovi or Donald Trump will be an owner of an NFL franchise, so let that sink in for a bit.