Captain Caveman

Ok, I'm with you. Wait, what? So if a change is important to me, I should ask those with the power to make the change (once), then let it go if they say no? Cool.

It will be net gains, taxed as capital gains (not ordinary income) but with sums this large, I would assume he will have to make quarterly payments.

Don't confuse intentions with results. Based on the way it's been used historically, there is a group of people who are totally justified in asking that the word not be used.

Fair enough, I don't know the whole process. I was just stating that if 3.3 Billion was in fact his net worth before, it's probably no different now, barring a major change in the valuation of his assets (which could certainly come about from a sale of property such as this.) As others have mentioned, the Sabres are not a problem. If he owned a team in another NFL market it would be a problem. He would, however, need to sell his NFL Player Management company. http://espn.go.com/nhl/story/_/id/7325044/buffalo-sabres-owner-terry-pegula-buys-nfl-player-agent-company

This is not regular income, it would be taxed as Capital Gains, likely at 20% on whatever profit was made from the sale (sale price minus what was paid for the property.)

Absolutely, this might indicate he is getting ready to make a bid.

When Forbes estimates someone's net worth, it includes their assets. 3.3 billion would have included this land.

Boning sounds indecent.

Presumably that net worth would have already included the property included in this sale, so it's worth clarifying that he is likely still worth ~3.3 billion.

Thanks Dirtbag

Right, standing for a tradition of racism is the only way this country will survive. Seneca is not derogatory. If you don't see the difference then you don't see the difference.

I remember reading something suggesting they keep all the imagery, logo, etc... but change the name to the Americans. I liked the idea of that. http://boston.cbslocal.com/2014/05/30/a-simple-yet-strong-solution-to-washington-redskins-name-controversy/

Oh, so it would have only cost his estate 15 Million. I won't call you an idiot. I will say that it's presumptuous and rude to question what another man decides to do with his estate. It is absurd to do so WHEN YOU DON'T ACTUALLY KNOW WHAT HAS DECIDED TO DO WITH HIS ESTATE. For all you know, the trust could have instructions to sell to buyers who will commit to keeping the team in Buffalo. Or they could have instructions to sell the team to the highest bidder in Tokyo. You're right that we wouldn't be having this conversation if RW had done things differently, but that was his decision to make, and IMO there's not much to be gained in arguing about it.

I actually thought it was longer than that. Huh.

I am going to get roasted for this, but what is the succession plan for TBD? SDS is not a young buck anymore. SDS has left that door ajar and that in itself is inexcusable, in my opinion.

y'know, cause of money.

Get that man a helmet.

He just did.

Cleveland did. I think it will be a lot harder to do this time around, since Cleveland was actually losing money. http://articles.baltimoresun.com/1995-12-24/news/1995358011_1_relocation-modell-browns

Holy ****, Crayonz nailed it. They can't take the team out of town without NFL approval. They can't get NFL approval without first winning the court battle.

The trust is not under the obligation to sell to the highest bidder. They will sell to who they feel is the best bidder (presumably taking into account total sale package and likelihood of NFL approval, and possibly likelihood of the team moving.)

Good thing they don't need to choose between only those two.

JW's point is that the NFL doesn't review it for approval until after any litigation is resolved. The timing is important, because new ownership will have broken the terms of lease by even broaching the subject of relocation, without any guarantee that the NFL would approve a move.

The conversation on the radio was confirmed (I've posted it twice now.) Whether the actual meeting happened has not been confirmed, but it seems unlikely.