It would be cool having Toronto-proper (lol) fans coming to Pegulas house and rooting against the Bills. Similar to Maple Leafs, Sabres games.
My only concern, as an owner, would be support. Can the "golden horseshoe" support a local team? History and the TO series says NO.
I don't think Toronto will ever have a franchise, mainly because it's in another country, and with a completely different culture than the USA.
Imo