CodeMonkey

Net worth of 1.3B. He can't hang with the big dogs, at least not by himself.

Nothing says they are on the only 2 in the group so who can say what they can or cannot bid. I would not expect the trustees to pass up hundreds of millions of dollars. But all other things being equal, do you think they pick a team with Kelly, or without?

Where do you get Pegula talking trash out of that?

I disagree completely. Anyone with Kelly on the team has not only a shot, but a good shot in my opinion. Look at who the trustees are and their relationship with Kelly. As to why Kelly would, one guess is he asked Pegula and Pegula said no. Or Kelly thinks Pegula would not be a good owner for the Bills. Only guesses of course. Another wildcard is Golisano. He could hookup with them as well which would give this group more than enough bank to compete with Pegula. The permutations are endless Regardless, this group would keep the Bills in Buffalo as well so all is still well.

I love me some Fitz, but quite frankly only a moron in my opinion would vote yes. Fitz has a well established top end. There is still a glimmer of hope for Manuel to become a good NFL starting QB. I would however, trade Lewis, Tuel, the Jills, and Spiller (if and only if Whaley/Marrone are convinced they are not going to resign him after this season) to get Fitz as a veteran backup for Manuel. Manuel could learn quite a bit from Fitz and it would really increase Manuels chances of long term success.

And, if the reports are true, he has Jim Kelly as a partner.

If the Gundlach/Kelly alliance is a reality I'm not sure about Pegula being the favorite. I think anyone with Kelly involved immediately becomes the favorite in my mind.

If the Bills don't win more than 6 games with this team then the coaches should be expecting to be shown the door. Probably not the front office, and definitely not the players. Pretty much everyone agrees that the overall talent on the Bills now is pretty good.

Dear Jon: If you withdraw your bid now, you can buy in as a minority owner with me. This way there will be no other bidders and we get the team on the cheap and we both make out. You will love winters in Buffalo, trust me. Love and kisses, Terry.

It's $300,000,000.00 . Just think about that much money for a minute.

Lower his bid yes, and if what we are reading is true I would be surprised if he did not. Why pay more than you have to? But pulling his bid? Extraordinarily unlikely. He has bought and sold businesses before and I'm sure he understood the process the trust set forth before any of us even heard about it. Unless the trust does something stupid like put a bid minimum at 1.5B he isn't walking away from this.

I agree with you. He bought a team that was middle of the road, but on the downward slope. It has now apparently bottomed out, and he is fueling the rebuild. I like this past off season for the Sabres and am looking forward to a season for the first time in several years. Also FWIW, hockey is Pegula's passion. I strongly believe the only reason he is bidding on the Bills is to keep them in Buffalo. I wouldn't expect him to meddle at all in Bills day to day operations or even in draft, FA, etc. except to approve expenditures.

That's the way I see it as well (and was speculated upon in a Forbes article recently as well). From 60 NDAs down to potentially 1 bidder. I suspect the location stipulations by the trust turned off a lot of them. And the prospect of keeping the team in Buffalo for a fairly long time would keep the bid amounts down as well. All of this spells fire sale price, and Mr. Pegula could end up getting a hell of a deal. MS I'm sure is doing everything they can to find more bidders. But with the restrictions apparently in place, good luck with that. If Golisano isn't in, I suspect it is because he is confident Pegula will end up with the team and his entry would only drive up the price. He has done business with Pegula in the past, obviously, so why screw him over.

Perhaps. But theoretically anyway, the NFL should not be involved with the process yet.

No worries. But remember, what the trust and morgan stanley are both charged with doing is trying to maximize the sale price for the beneficiaries. Having one bidder for the final round is not a good way to do that, so they are trying to stir up more interested parties. Which can't be easy given the apparent location restrictions. It'll get there. This is a billion dollar high profile asset after all, not a pack of gum at the local Walmart I can't argue with that. It seems they miscalculated the interest drop from the restrictions at the very least.

Except for the fact that it was a non-binding bid. They could ask Pegula for a binding bid and he could come back with 900 million. Particularly if he is the only bidder.

Yeah what the hell. Who needs a billion dollars anyway. People astound me sometimes

Not according to anything we are reading so far, which admittedly is all speculation. If there were truly others chomping at the bit to bid up the price, why didn't they submit a non-binding bid? I really think the trust may well and truly have screwed the pooch so far and are currently trying to salvage the situation. We will see. But like everything else with the Bills, it's an adventure

That assumes Pegula has a high binding bid. I wouldn't count too heavily on that. The restrictions would keep most away though.

Yeah but who besides Golisano would be interested given the apparent locality restrictions. If I'm not from the area I'm not going to bother bidding on a team that is shackled to Buffalo. And if I did, my bid would be very low for the same reason. Pegula could end up stealing the team for a very low price.

The trust won't sell to Trump as he would not be approved by the NFL. So if JBJ really is out, and Golisano does not join the party, then Pegula won't need to raise his bid. In fact, whatever his non-binding bid was, he could very well lower it as the trust has seemingly painted themselves into a corner.

With all the restrictions that are apparently in place it's no wonder.

That is almost always the smart play.

My family agrees. They have not seen him either.

There has been a lot more supposedly "leaked" than just those public letters. I am talking about things like the amounts of the non-binding bids for example, and the supposed terms the trust has imposed. Things like that, not the PR letters.