Not sure about 1.5 or even 1.2. It is a sellers market for sure in that there are a lot of individuals and groups interested. Probably far more than we are even aware of. But on the other hand, the team IS going to be sold and they know it. It's not like someone is going in trying to get a team out of an owners hands by overpaying. Consultants such as Goldman Sachs are going to advise their clients on the actual value of the franchise as well as their opinion of the current market value. If, as some suggest, the team will not be sold to anyone who doesn't swear an oath in blood that they will keep the team in WNY, that would really push the value of the franchise down as the new owner would be stuck in the Buffalo area instead of a more lucrative market or even having the option of moving to a different market to use as leverage in future negotiations with the county.
I have no more of a window into this than anyone else here, but I don't care who you are, 600 million (difference between 900 mil and 1.5 B) is significant. Even the great and powerful Pegula.