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Sources: As many as eight Bills suitors scheduled for in-person presentations; Tom Golisano finally submits a bid

Sources: As many as eight Bills suitors scheduled for in-person presentations; Tom Golisano finally submits a bid The Buffalo Bills trust has begun making presentations to prospective buyers. (Derek Gee/Buffalo News)

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The Buffalo Bills' trust has begun making in-person presentations to prospective buyers, with as many as eight scheduled over the next three weeks, The Buffalo News has learned.

Only three candidates were confirmed to have submitted non-binding initial bids by the July 29 deadline. But that date turned out to be flexible, and nobody would say for sure whether any other off-the-radar applicants had stepped forward.

A few more apparently emerged.

A source with knowledge of the bidding said former Buffalo Sabres owner Tom Golisano finally has placed a bid to buy the Bills. Initial bids supposedly were due nine days ago, but the deadline was extended, with Golisano and others stepping forward -- privately -- with interest in the team.

The trust was said to be concerned that only three bids had come in by the July 29 deadline.

"The family is still seeking the most money, so they're still bringing people to the table," a source said of Morgan Stanley, the bank that is representing the trust selling the team following the death last spring of longtime owner Ralph Wilson.

Two sources told The News today that Hall of Fame quarterback Jim Kelly is involved with one of the undisclosed bidders and meeting with the Bills' trust. The News previously reported Jeffrey Gundlach, the bond investor and Amherst High grad, had approached Kelly about joining forces.

NFL sources have informed The News that two presentations were scheduled for this week in the Detroit area, where Ralph Wilson Enterprises is located, and four more next week in Manhattan. One or two meetings could happen the week after next.

Billionaire developer Donald Trump's jet was spotted in Detroit on Wednesday. A source said Trump was the first to listen to the Bills' trust, which is providing more intimate information about the team's sale.

Buffalo Sabres owner Terry Pegula and his wife, Kim, are scheduled to meet with the trust next week in New York. The group fronted by rock star Jon Bon Jovi is expected to visit next week, too.

The other bidders remain a mystery for now.

A possibility is food-and-beverage magnate Dean Metropoulos, who had expressed interest in checking out the Bills.

Bills CFO Jeffrey Littmann is highly involved in these face-to-face meetings.

Bills President and CEO Russ Brandon has been noticeably absent during Bills training camp, where he normally is a fixture at his alma mater, St. John Fisher College. An NFL source confirmed Brandon has been involved in the presentations along with the team's trustees.

As the sale continues to advance swiftly, a new Bills owner could be approved by NFL owners by the league's autumn meeting Oct. 7 and 8 in Manhattan.

News Albany Bureau reporter Tom Precious contributed to this report.

  • Miserable Cur

    This is the first report I have read about "presentations" as part of the process. Likewise is the vague reference to "as many as eight." I am curious whether bidders are attending or if they are sending their accountants. If it is the former, it sounds like the trustees really want to get to know the bidders, perhaps to gauge their sincerity (Trump) or their commitment to WNY (Bon Jovi et al).

    • Aaron McMillan

      the nondisclosure agreement is so tight that prospective purchasers cannot even show any of the team or league information to bankers that would finance the purchase. Basically means that a purchaser has to pay cash from their own funds with none borrowed

      • Jan Reimers

        Mr. and Mrs. Pegula are the perfect purchasers in that scenario.

  • Who is this, really??

    More rumors and speculation.

  • joe

    too many non facts and speculation.

  • Who is this, really??

    Yesterday's "sources" said "only three bidders". Today's "sources" say "eight...scheduled for...presentations". Are these all the same sources??

    • Phantom17

      You're mixing apples and oranges.

      Bidders are people who have submitted bids. There are three of those, so far.

      There are eight potential buyers participating in the presentations. Three of them are presumably the bidders. The other five were previously unconfirmed, although perhaps speculated about, and they may or may not ever submit an actual bid.

  • janb55

    Let's hope that the Wilson Trust is structured in a manner so that the people involved in making the decision can choose the best person/group who will commit to keeping the team in Buffalo for many years to come. If the trust is set up in a manner that the team must be sold to the highest bidder, unless Terry Pegula outbids the others, I think the team will be gone in a few years.

    • Rollo Tomasei

      They can't move it at all until 2020, if they want to..do you read the articles?

      • janb55

        isn't there a "penalty fee" of around 750 million dollars the owner would have to pay if they choose to move the team before 2020? Not that anyone would do it, but you never know......

        • Austin Hood

          The penalty fee is a mere $22 million dollars. Chump Change.

          • Rollo Tomasei

            That is in the last year of the lease..it's $450 until the last year..it will never get that far

        • El Kabong

          There is a one-time buyout the Bills can exercise after the seventh year of the lease for $28 million. If the Bills attempt to break the lease any other time, and are successful, they would have to pay damages of $400 million.

      • Jeff

        If a lease can be written, it can also be broken. In a court battle the more expensive lawyer usually wins. Who will bring the bigger, badder lawyers the billionaire trying to make more money? Or the county, trying to help out some taxpayers?

        • Rollo Tomasei

          You are not going to break that lease.Nice try to inspire paranoia

  • WhySoSerious?

    There are 8 groups that signed the NDA and will receive a financial presentation FROM the Bills TO the POTENTIAL Bidder.

    This was talked about previously as part of the process.

    It doesn't mean there are 8 active bidders.

  • Austin Hood

    This is going to be a hard sell no matter who makes the final bid. There are only a handful of people today with the kind of money they are asking for the Bills.

    Further, we are still exiting a down economy. It will probably be at least five years before we see the kind of boom we had before.

    Further, if someone wants to tie up $1.1 to $1.5 billion dollars that money is not liquid. It's not like owning a giant bond portfolio where you can just sell whenever you want.

    This sale will not be as easy as everyone thinks. I'm sure that the potential buyers will listen politely, then they will offer what THEY think the team is worth not the other way around.

    • WhySoSerious?

      This was a great comment 6 months ago. However in August 2014 we already have 2 cash bids of over a Billion dollars.

      So you may want to catch up on current events.

      • Austin Hood

        Not really. People think it's all magic to buy a football team.

        Once that money is spent it's not easy to put your hands on it in a pinch. If one of your other business ventures goes bad and you need a lot of cash quickly, it's pretty hard to sell just part of the team.

        • WhySoSerious?

          What are you babbling about?

          There are already multiple serious cash bidders. The team will be sold for a record amount of money for an NFL franchise.

    • Rollo Tomasei

      uh?..I beleive Pegula is liquid?..just finished the sale of lease rights and property for $1.75 Billion?

      • Jeaniec

        Rollo: What are your thoughts about the Pegula's winning? I so hope they are the next owners. On another matter, I also understand that the Ralph Wilson Estate does not have to go with the highest bidder.

        • Rollo Tomasei

          I am not sure about that,but,as a private entity it does not have to go to the highest bidder.Also in the past it was that way with the Redskins sale

      • Jan Reimers

        The Pegulas appear to have well over $2 Billion - and perhaps as much as $3 Billion - in liquid assets.

        I think they will outbid everyone - and make great new owners.

        • Jeaniec

          I hope so Jan. I'll be very disappointed if they are not the next owners.

      • Phantom17

        Far be it for me to speak for whomever Austin Hood is, but I believe he was speaking about the illiquidity of the investment AFTER the purchase, not before.

        So, you're right that Pagula is plenty liquid now. If, as so many of us wish, he buys the team, there will be nothing liquid about the $1.5B or whatever he has tied up in the team.

        • spuds mckenzie

          But the more liquid the asset, the lower the return....and what better of an investment than an NFL franchise if you can afford one!

          • Austin Hood

            You could easily generate a 5 to 8% return on a portfolio of corporate bonds. And, if you ever needed to sell a part of that it's easy to do.

          • spuds mckenzie

            And if you had the money, you would buy corporate bonds rather than an NFL franchise...you have just exposed your total lack of financial knowledge

          • Austin Hood

            A football team is a toy for those people so wealthy they literally don't care about money. It is strictly a vanity item for those people who have everything.

            A football team is a glorious white elephant which cannot be sold that easiily, and if someone ever needed their money in a pinch, it would be very difficult, if not impossible to unload it quickly enough to be able to use that cash.

    • Polish Prince

      Austin: The NFL owners split $6 Billion in TV and gate revenue last year. That's an average of $187,000,000.00 per team. Plus each owner gets to keep all merchandise sales profits for their own team. The Bills listed gross revenues of $256 Million for 2013

      In short, every owner of an NFL team gets richer every year..and why not?..its a highly popular product. Plus, even if the new owner pays $1.2 Billion for the Bills, he would easily be able to sell the team for a much higher figure in 10-20 years if so desired.

      Its a win-win for the owner.

  • Lloyd M. Jr.

    With Messrs. Trump and Bon Jovi having apparently violated their Non-Disclosure Agreements, it would seem to me that they are out of the bidding at this point.

    • repomania

      Um, no.

    • Phantom17

      Why would you think that? And why would the trust exclude two of the three announced bidders? It wants MORE bidders, not fewer.

    • MBL

      No, they are not, LOL!!

  • Susan

    Go Bon Jovi .............

    • Rollo Tomasei

      Absolutely!!!!...

      GO!!!!!!!!!!!!!!!!!!!!!!!!!AWAY!!!!!!!!!!!!!!!!!!

      and take this "Groupie:" with you !!!!!!!!

      • Jeff

        Susan blew his drummer back in '89 and wound up with some strange growth on her upper lip.

        • Rollo Tomasei

          WOW!!!!

  • Tim Chipp

    People need to stop complaining about this being rumor and speculation. Of course it's rumor. Everyone involved is bound by a restrictive non-disclosure agreement. No one is going to talk about the process, least of all with the team's hometown newspaper. So when no one can talk on the record, "sources" becomes the only way reporters can report what's happening. You complain about it being speculative, but if the News didn't have any of it, you'd complain the News wasn't doing its job. So stop complaining and enjoy the ride.

    • MBL

      Thank you Tim!! Nice to see some common sense still exists!!

  • John Nowak

    With Jim Kelly involved even better chance of having a New bills Stadium on our waterfront.

    Perhaps you be interested in signing a petition for an ideal location to build the new Stadium on our waterfront.

    https://www.change.org/petitions/jim-kelly-buffalo-bills-domed-stadium-on-lackawanna-s-waterfront-is-the-only-right-place

    • repomania

      How does his involvement help a stadium?

      • John Nowak

        Jim Kelly had previously voice his opinion the new stadium should be on the waterfront.

        • repomania

          Oh, ok. Wait? Is he going to pay for it too?

    • Rick Ptak

      The only issue with the Lackawanna Plan is that the new stadium would be too far from First Niagara Center, Coca-Cola Field, Canalside, and the Cobblestone District which could easily evolve into a 1st Class Entertainment District. I prefer the Artvoice Plan with the new Stadium between the First Niagara Center & Coca-Cola Field. At least all the attractions would be walking distance from each other.

      • John Nowak

        Connect the light rail transit system (an eighth access) out and along the waterfront to the park to compliment, highlight and access the City of Buffalo’s wonderful numerous hotels, restaurants, shops, theaters (main street), arts, rich architectural design buildings and waterfront.

        * Continuous Waterfront Park system - anchor store effectwhere tourist and citizens would transverse back and forth between the Bethlehem Waterfront Park in between redevelopments, the small boat harbor, more outer harbor redevelopments and the City of Buffalo's many offerings.

        • Polish Prince

          Nice plan.

      • Kenny Adamczyk

        That's he idea get as far away from the ghetto city as you can.

    • spuds mckenzie

      Building a new stadium is the stupidist idea since the subway (er rapid transit) was implemented and will never happen unless it is all funded with private money....WE HAVE A STADIUM!!!!

      • Lloyd M. Jr.

        Said stadium is not doable in the current era.
        Look at today's ARTVOICE paper; there is a downtown stadium proposal that ought to interest you. If you ask me, I L-O-V-E IT!

        • Tim Chipp

          In concept that plan is fine. But it calls for the I-190 to TUNNEL under the new stadium, which would mean taking down the current elevated roadway AND digging the tunnel. And none of that includes actually building the stadium. A pipe dream if I've ever seen one.

          • Lloyd M. Jr.

            With said tunnel, they would do well to re-route commercial/haz-mat traffic.

      • Tim Chipp

        Yes we do. It's 40 years old and incapable of hosting football games in the current NFL. But we have a stadium. If it isn't replaced, the team will relocate in five years when the window pops up. Then, that stadium we have will be as good as those soccer stadiums built in Brazil for the World Cup.

        • Rollo Tomasei

          UH?...incapable of hosting football games in the current NFL?..They just finished renavations!.Its going to be very nice!.And the current window is 8 years,and you cannot just move a team just like that.Read a news article once and awhile

          • Tim Chipp

            Year 7 of the lease, bub. Year 7. Also, what year are they in right now? As for the renovations, they'll last maybe until the end of the lease before they're outdated. Also, things like a new scoreboard and new playing surface aren't addressed in the renovation plans. They'll need to be if you want this team here beyond the one-year buyout option.

          • Rollo Tomasei

            Its the first year of the lease,BUB!..they installed 3 new HD scoreboards, BUB!.the field is new several years ago,BUB!

          • Christopher Mach

            What are you talking about? The Bills installed 3 scoreboards and the playing surface was put in a couple of years ago.

      • Polish Prince

        So did Cleveland.

        Buffalo has to stop acting like the woeful ignored dysfunctional step child.. Greatness is a choice.

    • John Nowak

      Reasons why the new Stadium should be built on Lackawanna's waterfront:

      * National waterfront showcase 1275 acres.

      * Jewel - Wood Lawn Beach re-beautification and extension, 300 feet across pristine sand beach, stretches a total length of two miles partially into Lackawanna. The north end is an elevated white canopy covered amphitheater built into the side of a large grass covered berm overlooking the park, beach and unobstructed sunset bay views.

      * Green projects (1,000 acres), 200 RV/camper sites, picnic shelters, outdoor athletic areas (football, baseball, basketball and soccer), existing seagull nursery & light house north end, garden area, art area (think artpark), three main lodges, bicycle paths, landscaped with ponds, fountains, natural rock formations and 30,000 trees etc.

      * Stadium District (235 acres), domed stadium (retractable roof) beside a large Harbor with an impressive front plaza and boardwalk. Enclosed sky-walks connect the stadium, four high rise hotels/offices, condos, Splash Lagoon, museums/sports theme attractions, restaurant and shopping district on Ridge Rd. and Old Hamburg Turnpike (service road re-beautification).

      * Multiple six existing access roads.Fast track Hamburg turnpike, with no stop lights.

      * Fast track Thruway connector build a seventh access1.6 mile to link up with the Hamburg Turnpike and the Waterfront with no tolls.

      * Connect the light rail transit system (an eighth access) out and along the waterfront to the park to compliment, highlight and access the City of Buffalo’s wonderful numerous hotels, restaurants, shops, theaters (main street), arts, rich architectural design buildings and waterfront.

      * Continuous Waterfront Park system - anchor store effectwhere tourist and citizens would transverse back and forth between the Bethlehem Waterfront Park in between redevelopments, the small boat harbor, more outer harbor redevelopments and the City of Buffalo's many offerings.

      * Tailgating Bills fans protected from the weathera half a mile away from the immediate shoreline.

      * Attract the Super Bowl a natural showcase for 80,000 fans and millions of viewers on TV.

      * Uplift City of Buffalo and Western New York into a Green belt, environmentally friendly imagereceive national, international recognition and tourism.

      * Uplift City of Lackawanna that desperately needs taxable redevelopment, re-beautification of the city, recently the city asked the State to take over road repair. The few relatively clean industries currently on Lackawanna's waterfront can be relocated with state and federal grants inland to designated areas.

      * Create thousands of jobs in construction, hotels, stores, restaurants and support businesses.

      • John Nowak

        The waterfront of Western New York is the star.

        If you happen to own a mall, you wouldn't place both anchor stores on top of each other, instead you place the the two anchor stores at each end of the mall.

        Similar with the waterfront, is liken to a mall, the most supreme beauty of Western New York's water front is the Bethlehem Waterfront Park consisting of the re beatification and extension of Wood Lawn beach is the jewel. Provide easy access to all of the City of Buffalo residents by the light rail system extension. Where you also have sufficient land and protection from the weather by in between would be a half a mile mile of green projects from the waterfront's shore line for the stadium district. It is the most ideal location, and would beatify all the waterfront and finish the job right for national and international recognition that generates redevelopment and tourism.

        • Jennifer

          The beautiful waterfront is turning in to a "cess pool". Money should primarily be spent on cleaning it up and stopping the dumping of waste water in to it instead of building more buildings!!! I blame the pollution and lack of knowledge on politicians who should have to qualify for their positions before obtaining them just like every other working person in a very responsible job. Lack of education is so so sad!!

          • Tim Chipp

            For the future of the city, successful development needs to occur at the water. there needs to be a happy compromise between pollution and businesses because we are people, not higher beings. At our current level, we're incapable of not polluting. But for the city of Buffalo to succeed as a city like many of us want, the waterfront needs to be developed. That means more people, which means more pollution, both on the land and in the water. If we don't do this, if we let the waterfront go undeveloped, just because we don't like the way it smells, the city will go through another 60 years of people leaving, jobs disappearing and taxes going through the roof.

          • Kenny Adamczyk

            The politicians ARE the pollution.

      • Guest

        I could not dis-agree with you more.

  • Susan

    Rather than slander Bon Jovi - your time would be better spent praying for Jim Kelly who is suffering from cancer. I'm sure he would rather be cancer free than caring about the ownership of the Bills ..........

    • Truth Serum

      Jim Kelly cares about everything. That's his right. Amen.

    • Thomas Errico

      go away already lady. you keep beating a dead horse. we get it. you love Bon Jovi. go make a youtube video and cry about all the bad things people are saying about him.

      • JT

        Suzi was a BonJovi groupie and always took care of him and the band after his concerts.And she still has the stained concert teeshirts to prove it. She is one sick bonjovi fan

    • MBL

      Ignore them Susan, they're too busy figuring out how to replace their friend who slid down the railing, he usually drove them to the games.

    • adminsnark

      On here I think it would be libel, not slander.

    • William Kyriakakos

      why are you even posting here susan?

  • Regan Flint

    If true , this is just more great news for American BILLS fans. Another nail in the coffin for the JBJ group. It looks good on , JBJ and the Toronto group.

  • Buffalo Wing Wear

    Hope news reporters are driving around the Detroit area trying to figure out who the Mystery bidders are :)

    • Jeff

      They were earlier. 3 of them were car jacked. One of them has now become addicted to crack, and the other one quit the paper and bought a 120,000 square foot warehouse for $10K

      • Art Vandelay

        In autumn in Detroit, the leaves don't fall off the trees, they commit suicide!

  • repomania

    What if Kelly is in with Bon Jovi? lol

    • MBL

      Outstanding!!

  • Rain

    If the non-disclosure policy was violated by Mr. Trump and Ms. Bon Jovi than they should go to jail for a long, long time.

    • Phantom17

      Non-disclosure is a civil, not criminal, issue. No jail. And the Bills have nothing particular to gain by making a fuss about it.

    • MBL

      Not too bright are you? Add Pegula to the list when it "leaked" how much he had bid. Please don't embarrass yourself any further "Rain".

      • Rain

        I guess sarcasm is above your pay grade.

        • MBL

          No, I save my sarcasm for off hours, make far too much money to play on the job. How's that cashier spot working for you?

    • AGM1

      Rain, Rain go away and get a brain. You are clueless and apparently several drops short of a shower. They didn't break a single law. BTW, who's Ms Bon Jovi????

      • Rain

        AGM1:

        The message was in response to the BN reporting of the whole
        matter. Violating a non-disclosure agreement between a trust and a company is non-issue (not news worthy). I was juxtaposing this in my response as an outraged disillusioned fan wanting jail time for the two. It makes mockery of the reporting.

        Referring to Bon Jovi as a Ms. is like calling him a little girl. It is a tad juvenile I must admit. I will try to dumb things down for you next time.

        • AGM1

          I'm all smiles and meant no offense towards you. I completely agree with you and love to toss some humor out here from time to time. Some of the posters need to go back to school and learn how to read, then write with common sense and not show their stupidity! Yep, there are bozo's who should be banned from the Snews. Just like some of their "notsonewsworthy" ""Professionals.""

  • JVman89

    PEGULA, PEGULA, PEGULA!

  • Truth Serum

    This whole thing is becoming insane. The NFL must have most of the GNP. Time for Congress to end the monopoly rights for this league and take care of the taxpayers.

  • Ali

    Could they just sell the team to the Pegulas already, please?

    • Jester

      No, they can't. The entire reason for a trust is to get the highest possible price for the team.

      • HowardFinesucky

        Not necessarily, it depends upon the trust being set up as charitable or not.

        • Jester

          The whole reason to set up a trust is so that the family doesn't have to deal with this, and they have financial experts handling the sale. I'm pretty sure that the sale of the Bills for profit is not charitable.

          • Christopher Mach

            The difference is there are two trusts. Charitable and non-charitable. A charitable trust would have to take the highest bid. A non-charitable trust, while trying to get the highest bid, can place certain restrictions, such as the team has to remain in Western New York.

  • Rich

    Now I am confused and worried....more suitors and Jim Kelly? And here I thought Pegula had a lock on this team. Now I'm thinking one of those really rich west coast guys is in the mix, someone not well known but looking for a new toy. Some of those Silicon Valley people carry more money in their pockets then Pegula's billions. This high stakes drama is far from over.

  • Miserable Cur

    This revised article certainly puts a different slant on these presentations. The CFO should be able to detail the Bills' revenue and expenses. Media estimates of the Bills' profitability are just that, estimates. The bidders will certainly also do their own due diligence. I, for one, do not think Mr Wilson squeezed every last dollar out of the franchise. A future owner would likely look at sponsorship opportunities, like stadium naming rights or even advertising space on practice uniforms (like the Falcons are wearing on Hard Knocks-yuck). And the next TV contract is likely to line the owners' pockets like never before.

    • Rick C

      As my extremely astute late father said several years ago when the stadium changed to become Ralph Wilson Stadium and the media was all confused as to why the naming rights weren't sold: "Who owns the stadium?" Erie County is the correct answer. "Who do you suppose would get the money from the naming rights?" Erie County. Ralph certainly got all he could from that team in income, people.

      • Christopher Mach

        The Bills actually owned the naming rights to the stadium as part of the lease agreement they signed during the Flutie years.

  • Rick C

    This is nothing more than window dressing to get Pegula to pay around $1.75 billion for the team. That's all.

  • Jeff

    Bon Jovi, confused by what was to be done and thinking he was still relevant, put on a private concert for the trust, rather than a presentation.

  • Jim

    I wonder how many of the people calling for a new stadium actually go to the games. The Ralph is a pleasant place to watch football. It's not perfect. It's not state of the art. But it works. So why spend a billion on a new stadium? If somebody wants to spend their own money, then fine. Also, I think a waterfront stadium is a terrible idea. The waterfront should be developed in a way that preserves it's beauty, not industrializes it.

    • Jester

      Best sight lines in the NFL, closer to the field also.

    • Lenn Totten

      I was expecting a dump the first time I went, It was actually quite nice.
      Not a New England or Seattle stadium but its not Tiger Stadium.

    • dougiedoug

      Preserve its beauty? That was ruined a long time ago. I doubt most of that land is even safe to build on, considering how contaminated it is from the hay day of the steel industry..

      • Jim

        Take a ride down Furman Blvd. Its gorgeous. Acres and acres of underused waterfront property. Some of it might be Brownfields. But so was the tiff farms. Have you been there recently?

        • dougiedoug

          Sure, they've done a good job down there, I don't disagree with that. But a tasteful, well thought out stadium would only attract more people to that area. Regardless if it's waterfront or not, a new stadium has to be built in the actual city. That's where the bills started, in war memorial stadium. I'd like to believe buffalo is on the up and up, so to not take advantage of this opportunity would be a shame. The cultural mindset of this franchise and city has to change. I'm sick of always settling for the alternative or most convenient option. I want development and playoff runs, not the same drivel we've endured for 2 decades.

          • Jim

            There are other locations in the city they could use, where there is tons of underutilized property. Personally I favor a northwest location, closer to our population concentration and more convenient to Rochester and Canada. But as I said, the Ralph is serviceable for many years.

  • Miserable Cur

    Pegula is listed by Forbes as being worth $3.3 Billion. He may be even worth more depending on whether his recent land sale netted more than expected and if his other land holdings have appreciated in value given the fracking boom. According to the Sporting News, only 5 NFL owners have higher net worth than he.does. Moreover, unlike many of the current owners and prospective buyers of the Bills, Pegula is believed to have substantial liquidity---most of his money is not tied up in company stock or other illiquid assets. The guy has more money than God.

    • Jester

      Ted Rogers is listed at 7.9 Billion.... Your point is? His company has 18.9 Billion in assets,

      • Christopher Mach

        Rogers net worth is not as liquid as Pegula. That is what the NFL is more concerned about.

      • Miserable Cur

        Ted has been dead for six years.

        • AGM1

          That deal with Ralph killed him. He never saw one game of the "Series."

  • Mike Smith

    I hope Pegula pulls out He followed all the rules the Bills set up and now because they didn't get enough interest were changing the Rules to get more parties in the bidding. As a fan I`m done with this Move them keep them I`M DONE I HOPE MR. PEGULA Feels the same

    • Jester

      The Bills didn't set the rules, the trust did. Meeting in Detroit is not a good sign. The only reason to meet there is to get the family involved

      • Phantom17

        Get the family involved? The family IS the trust.

        • Jester

          No, the trust is being administered by Morgan Stanley, not the Wilson family. In the end the sale will go through them and the Wilson family gets the money.

          • Christopher Mach

            The trust is based out of Michigan.

          • zbubble

            Morgan Stanley is handling the sale for the trust. The trust is made up of four people - Wilson's widow, Mary, and his niece Mary Owen, who is the Bills' Executive Vice President of Strategic Planning, Jeff Littman, treasurer of the Wilson Fund and the Bills' Chief Financial Officer, and Wilson's personal attorney, Eugene Driker.

          • Miserable Cur

            Nonsense. The trustees are named in the trust agreement. They have hired Morgan Stanley and a law firm. Reports have suggested the trustees are Wilson's widow, niece, Detroit area personal attorney and Detroit are team CFO.

          • Phantom17

            See below. Two of the four trustees are the widow and niece.

          • AGM1

            Wrong..... They are the sales agent for the sale of the team.

      • AGM1

        Ralph was the author of his trust. He set the rules. We will never see them. But Ralph was far smarter than you choose, to give him the credit.

        The parties who he delegated to administer his trust has total fiduciary
        responsibility to administer every act to that end, including any directive of how the Franchise will be sold and how the monies will ever be spent.

        Ralph was and still is and forever will be in control. Even as he rests at Elmwood Park, He's in control.

        Ralph C. Wilson Jr. was very smart. He was wise. He
        chose to surround his business empire only with those, who know how to manage success.

        Just look at the results.

  • marsha cragg

    I think they are playing favortism towards Bon Jovi, letting them rebid. if it was for anything other than the football team the low bid would be out. The family WANTS MORE MONEY was the reply to letting all these people outbid each other..I would like to see Mr and Mrs Pegula get the team, They are not blabbing all the info like the other Whiney bidders are..GREED IS WHATS GONNA WIN OUT...

    • Drunken Moron

      Idiot -coming from me that's bad.

    • Michael Wagner

      those capital letters are awesome, honey.

  • bills fan since 60

    lets go jimbo we need a owner that wants to win and get back to the PROMIISE LAND S.B. / and not a owner that just wants to own a team it starts at the top and we had the best in mr wilson SELL THE TEAM TO JIM KELLY and for mr pegula i want to win games go to playoff games not just own a team

  • Rich

    While Ralph may have had a touch of warmth for WNY his family/trust has warmth only for dollars. They don't care what happens to the Bills, they just want to squeeze every last penny out of this sale. Sentiment has no place in this process.

    • Jim Belina

      I don't think this is news to anybody. We all knew that they only care about the money and not the team nor the fans (and this could also be said about Mr. Wilson, God rest his soul). Once the check cashes from the sale of the team, they will be long gone and will not be looking back.

  • Jester

    So who is this source? Is it the one that was so wrong about the other bids?

  • Paul Bruhns

    Terry Pegula.

  • Teddy Kielbasa

    Is it just me or does Galisano always look like he's drunk.

TEST!!!!!!!!!!!

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About the reporters

Vic Carucci returned to The Buffalo News as a Bills beat reporter in September. Carucci covered the Bills for 17 years before joining NFL.com as a columnist in 1999. Prior to rejoining The News, he spent three years as a senior editor for the Cleveland Browns.

Tim Graham returned to The Buffalo News in 2011 after covering the NFL for three years at ESPN and for one year at the Palm Beach Post. Before that, the Cleveland native spent seven seasons on the Buffalo Sabres beat for The News and was president of the Boxing Writers Association of America.

Jay Skurski joined The News in January 2009. The Lewiston native attended St. Francis High School before graduating from the University of South Florida.