CodeMonkey

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.

That is an interesting take. If the trust has handcuffed potential new ownership as many believe, that certainly would keep the number of bids as well as the amount of the bids themselves down and would explain the desire to get Golisano and potentially others into the mix. The trust may well have F'd themselves and Pegula could end up getting a pretty good deal out of it.

It would seem it went up for no economic reason. The bubble tends to burst on assets with a large overvaluation at some point as we have seen in recent history. Was it Mark Cuban that was predicting a NFL crash not that long ago? While a crash would seem eminent based solely on the economics of the situation, as long as billionaires like to have swordfights with each other a NFL team should remain a safe investment.

Unless Manuel gets hurt I don't see any way this happens. Marrone and Whaley are all-in on Manuel. You will see nothing but Manuel as the starter as long as he is healthy regardless of how well he plays. And I am fine with that. Give Manuel every opportunity to make it or not this season. He has been given all the tools he could possibly ask for. Time to shine.

FWIW my oldest is with you. Loves him some TuelTime while still hoping for the best when it comes to Manuel. Liking both doesn't have to be impossible, though you might think so here. But then again, he also thinks Tebow has been working hard and the Bills should bring him to camp for a look ... so ...

13,000+ posts and you still have hope. Nice!

I get you, and the trust may well fit into that category. But the question still remain as to why JBJ's merry band of party poopers or anyone else would risk getting screwed by leaking? Just the threat of potential enforcement would make me keep my mouth shut for everyone except maybe Kate Upton Really? What makes more sense to you, the JBJ group of millionaires and billionaires is too ignorant to follow a NDA regarding their billion dollar bid, or there is no leak?

So it is just the JBJ group that has leaked info? And why would they do that having signed the NDA?

I see your logic. But why waste time and money with an NDA that you have no intention of enforcing? And why would anyone with half a brain who signed it, risk leaking? It doesn't make any sense. You may well be right. But my opinion is still that the leaks are nothing but bull ****. We will almost certainly never know for sure.

Any NDA written like that is unenforceable and just as bad as not having one at all. I work in R&D environments and as such come across them all the time. Most are well written and fairly boilerplate. And I can't speak for the trust and these alleged leaks, but any company worth anything enforces them to the limit of the law if they need to as their livelihood can hang in the balance. If these leaks are real, and are against the NDA, expect significant legal action. If there is none, it probably means that the alleged leaks are either not against the terms of the NDA, or are nothing but fiction.