Below is a brief explanation of the idea. Please visit the recently launched website (www.BillsBonds.com) and find us on facebook and twitter, if you are interested. We’re interested to hear your thoughts.
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- A way for Buffalo Bills fans to invest in the future of their team and to help keep the Bills where they belong -- in Buffalo.
- A way of tweaking the Green Bay Packers idea of selling stock to fans so that it complies with current NFL Bylaws.
- A way for fans to help save the Bills, while saving money.
Please visit the www.BillsBonds.com for more information.
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Buffalo Bills fans realize that the team is at risk of leaving Buffalo. What's frustrating is that it seems that there's almost nothing fans can do to effect whether the team stays or goes. When Ralph Wilson, Jr. passes away and the team changes ownership, fans will be on the sideline hoping that the new ownership group keeps the Bills in Buffalo rather than moving the franchise to a larger market.
This doesn’t have to be the case. Fans do not have to sit idly by and just hope for the best. In 1923, with the Green Bay Packers on the brink of brink of bankruptcy, fans bought the team by purchasing shares of Packers stock. NFL Bylaws now prevent Bills fans from replicating this idea, but with a twist to the Packers idea Bills fans could invest in the future of the Bills.
Bills fans could provide a “loan” to a new ownership group that is committed to keep the Bills in Buffalo. Proceeds from that loan, or more specifically bonds (a loan chopped into many pieces and sold to the public), would be used by the new ownership group to help pay the ~$800 million price tag for the team. The Bills new ownership would then pay the bondholders back overtime plus interest with cash flows generated by the team. By purchasing these bonds (called Bills Bonds) fans would be saving the team, while saving money.
Please visit BillsBonds.com for more information.
