yungmack Posted July 10, 2014 Share Posted July 10, 2014 It's a little late to just be "exploring" the opportunity, don't ya think? He has less than three weeks to make a bid. The article is from May 2011 WSJ, so if Gundlach has remained serious about the Bills, he's had 3 years to get his ducks in a row. And knowing a bit about his business sense, it would be the height of foolishness to ever discount him. Link to comment Share on other sites More sharing options...
Big Turk Posted July 10, 2014 Share Posted July 10, 2014 Yeah, that's why we continue to live here, because it's so awful. I think the smog is affecting your mental capacities, lol Link to comment Share on other sites More sharing options...
BUFFALOKIE Posted July 10, 2014 Share Posted July 10, 2014 The article is from May 2011 WSJ, so if Gundlach has remained serious about the Bills, he's had 3 years to get his ducks in a row. And knowing a bit about his business sense, it would be the height of foolishness to ever discount him. ..at the top of the article... By Tim Graham | News Sports Reporter | @ByTimGraham | Google+ on Wednesday, July 9, 2014 7:28 PM, updated: July 9, 2014 at 7:44 pm Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 10, 2014 Share Posted July 10, 2014 Talking to Jim Kelly won't get it done. It's Pegula. Link to comment Share on other sites More sharing options...
Buftex Posted July 10, 2014 Share Posted July 10, 2014 I simply cannot imagine someone putting out 1.75B to run an NFL team in the leagues smallest market. not going to happen. The numbers cannot possibly work in any reasonable scenario. How do you mean? Not sure about the price (who is saying 1.75B? Most predictions I have seen are saying 875 mill to 1.25B), but owning an NFL team would be one of the handful of fool-proof investments somebody with that kind of money can make. Smallest market thing really means nothing...no team loses money in the NFL. Their perfect socialist model it is run on, prevents that. The only way it would be a bad investment is if America continues to succumb to nancy-boy soccer, and interest in the NFL plummets...that isn't going to happen in Terry Pegula's lifetime... Link to comment Share on other sites More sharing options...
YoloinOhio Posted July 10, 2014 Author Share Posted July 10, 2014 How do you mean? Not sure about the price (who is saying 1.75B? Most predictions I have seen are saying 875 mill to 1.25B), but owning an NFL team would be one of the handful of fool-proof investments somebody with that kind of money can make. Smallest market thing really means nothing...no team loses money in the NFL. Their perfect socialist model it is run on, prevents that. The only way it would be a bad investment is if America continues to succumb to nancy-boy soccer, and interest in the NFL plummets...that isn't going to happen in Terry Pegula's lifetime... This. If you can afford to buy an NFL team, there are few other investments that are as sound. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 10, 2014 Share Posted July 10, 2014 How do you mean? Not sure about the price (who is saying 1.75B? Most predictions I have seen are saying 875 mill to 1.25B), but owning an NFL team would be one of the handful of fool-proof investments somebody with that kind of money can make. Smallest market thing really means nothing...no team loses money in the NFL. Their perfect socialist model it is run on, prevents that. The only way it would be a bad investment is if America continues to succumb to nancy-boy soccer, and interest in the NFL plummets...that isn't going to happen in Terry Pegula's lifetime... According to Forbes, some teams intermittently lose money on a yearly basis. If an owner pays all cash and has no stadium costs, it's impossible to lose money. But if a new owner is heavily financed, it could be easy to lose money. The value of the team is in its resale for an owner entering the market now. Link to comment Share on other sites More sharing options...
Kirby Jackson Posted July 10, 2014 Share Posted July 10, 2014 According to Forbes, some teams intermittently lose money on a yearly basis. If an owner pays all cash and has no stadium costs, it's impossible to lose money. But if a new owner is heavily financed, it could be easy to lose money. The value of the team is in its resale for an owner entering the market now. That is exactly why Pegula is so appealing. He is a cash buyer. Link to comment Share on other sites More sharing options...
yungmack Posted July 10, 2014 Share Posted July 10, 2014 ..at the top of the article... By Tim Graham | News Sports Reporter | @ByTimGraham | Google+ on Wednesday, July 9, 2014 7:28 PM, updated: July 9, 2014 at 7:44 pm Your original comment suggesting Gundlach was suddenly jumping in with 3 weeks to go clearly shows you were basing that on the WSJ article. As to the current update, consider the source. If Graham is as reliable on investment fund evaluations and Gundlach's personal wealth as he is on the Bills, well, ... Link to comment Share on other sites More sharing options...
Canadian Bills Fan Posted July 10, 2014 Share Posted July 10, 2014 I still love how Pegula is pretty much the only potential buyer who has yet to say a word about is interests or intentions. Sounds to me like he doesnt want to say or do anything that may jeopardize his bid CBF Link to comment Share on other sites More sharing options...
Kirby Jackson Posted July 10, 2014 Share Posted July 10, 2014 I still love how Pegula is pretty much the only potential buyer who has yet to say a word about is interests or intentions. Sounds to me like he doesnt want to say or do anything that may jeopardize his bid CBF There are others (some of whom are VERY large). Link to comment Share on other sites More sharing options...
TSNBDSC Posted July 10, 2014 Share Posted July 10, 2014 I've been told that the Bills aren't leaving. It is a non issue at this point. There are other buyers that have not been made public but everyone involved will be keeping the team in WNY. Link to comment Share on other sites More sharing options...
machine gun kelly Posted July 11, 2014 Share Posted July 11, 2014 I simply cannot imagine someone putting out 1.75B to run an NFL team in the leagues smallest market. not going to happen. The numbers cannot possibly work in any reasonable scenario. Your not looking or maybe you are at the tax write off and credit for the next 15 years in buying the team. The team will be worth double this number at a minimum with the new TV money and goes up. So the owner makes 30-40 mil / year as an avg for Buffalo, but increases with a new stadium. Then he gets to split half with the roster the increases innTV revenue and guaranteed so it's a sure fire win. He writes off from his other businesses his loans for the team even if he is liquid capital as is Pegula. The revenue goes from 133 mil to a minimum of 155-160 in two years. Now when CBS and the other networks go to bid for the full 16 games for TR night football, the revenue goes up again. Then the league expands into possibly Canada ( not us ), Europe, maybe Mexico in a 10 year plan. the money keeps increasing. For a guy like Pegula, he can use state money with some investment for a long term lease and capture a stadium close to his current developments in downtown Buffalo. He corners the market on hotels, and other development business ventures ostensibly become the new king of Buffalo in business. He has a dramatic write off for his other oil, and real estate ventures, which is paramount for a multi-billionaire, and can even sell in a decade if he didn't want the bragging rights if an NFL owner which he would sell for 1.8 billion. The deal is a lock they have to stay in Buffalo for the state dollars, and he recoups a ton of money. This is not fantasy for the Bills to stay in Buffalo. I'm not saying it will happen, but you point out 1.75 bil. I think he could get a stadium and the team for considerably less based on negotiations. With an LA or Toronto owner, they have to pay for the whole stadium on their own, pay the 200 transfer fee, and buy the team. That is quite a bit more money. That's in the 2.6 billion dollar range, and in LA, you have to gamble Kronkie or Davis don't move their teams before 2020 or 2023. Link to comment Share on other sites More sharing options...
YoloinOhio Posted July 11, 2014 Author Share Posted July 11, 2014 Your not looking or maybe you are at the tax write off and credit for the next 15 years in buying the team. The team will be worth double this number at a minimum with the new TV money and goes up. So the owner makes 30-40 mil / year as an avg for Buffalo, but increases with a new stadium. Then he gets to split half with the roster the increases innTV revenue and guaranteed so it's a sure fire win. He writes off from his other businesses his loans for the team even if he is liquid capital as is Pegula. The revenue goes from 133 mil to a minimum of 155-160 in two years. Now when CBS and the other networks go to bid for the full 16 games for TR night football, the revenue goes up again. Then the league expands into possibly Canada ( not us ), Europe, maybe Mexico in a 10 year plan. the money keeps increasing. For a guy like Pegula, he can use state money with some investment for a long term lease and capture a stadium close to his current developments in downtown Buffalo. He corners the market on hotels, and other development business ventures ostensibly become the new king of Buffalo in business. He has a dramatic write off for his other oil, and real estate ventures, which is paramount for a multi-billionaire, and can even sell in a decade if he didn't want the bragging rights if an NFL owner which he would sell for 1.8 billion. The deal is a lock they have to stay in Buffalo for the state dollars, and he recoups a ton of money. This is not fantasy for the Bills to stay in Buffalo. I'm not saying it will happen, but you point out 1.75 bil. I think he could get a stadium and the team for considerably less based on negotiations. With an LA or Toronto owner, they have to pay for the whole stadium on their own, pay the 200 transfer fee, and buy the team. That is quite a bit more money. That's in the 2.6 billion dollar range, and in LA, you have to gamble Kronkie or Davis don't move their teams before 2020 or 2023. also have to gamble that the chargers don't move. They have a year to year lease on Qualcomm and have been trying to get a new stadium for years. It's not looking good. They have people to buy single seats but not many corporations headquartered there, a bankrupt state and a fan base that extends throughout so cal. Link to comment Share on other sites More sharing options...
Big Turk Posted July 11, 2014 Share Posted July 11, 2014 also have to gamble that the chargers don't move. They have a year to year lease on Qualcomm and have been trying to get a new stadium for years. It's not looking good. They have people to buy single seats but not many corporations headquartered there, a bankrupt state and a fan base that extends throughout so cal. Bills are not moving. All bidders have been told to have a plan ready to present as to how they will make things work long term in Buffalo or don't bid. They aren't moving, period. It's not even an option for the buyer at this point. Link to comment Share on other sites More sharing options...
BillnutinHouston Posted July 11, 2014 Share Posted July 11, 2014 All bidders have been told to have a plan ready to present as to how they will make things work long term in Buffalo or don't bid. ...or so the media has speculated. Link to comment Share on other sites More sharing options...
Big Turk Posted July 11, 2014 Share Posted July 11, 2014 I've been told that the Bills aren't leaving. It is a non issue at this point. There are other buyers that have not been made public but everyone involved will be keeping the team in WNY. Kirby, the reports that all bidders are to have a presentation ready to show how they will make things work in Buffalo long term, and that moving isn't an option. My question is, is that coming directly from the Trust set up(ie, they will not sell to a buyer trying to relocate), the NFL(ie, they don't want this team moved), or a combination of both(which would be ideal)? ...or so the media has speculated. With enough people in the know saying the same thing...and by the way, its been the same thing since day one basically. Link to comment Share on other sites More sharing options...
Kirby Jackson Posted July 11, 2014 Share Posted July 11, 2014 (edited) Kirby, the reports that all bidders are to have a presentation ready to show how they will make things work in Buffalo long term, and that moving isn't an option. My question is, is that coming directly from the Trust set up(ie, they will not sell to a buyer trying to relocate), the NFL(ie, they don't want this team moved), or a combination of both(which would be ideal)? It's a little bit of both as I understand it (along with the state). Even the Bon Jovi group is privately saying that they will be keeping the team in WNY. There is one other MAJOR player that has not yet surfaced that is a legit candidate along with a lot of names that you have heard. My money is still on Pegula but I really don't know. The NFL understands that the team will be here through 2019 and doesn't want a lame duck franchise on their hands. In addition, there is some legitimate concern about their anti-trust exemption being brought to question. It is just easier for the NFL to keep the team in WNY assuming there are viable options (which there are). Lastly, the NFL wants the current management team to remain in place. They think very highly of them and think that their leadership will help a new ownership group get acclimated to the NFL. Edited July 11, 2014 by Kirby Jackson Link to comment Share on other sites More sharing options...
Big Turk Posted July 11, 2014 Share Posted July 11, 2014 It's a little bit of both as I understand it (along with the state). Even the Bon Jovi group is privately saying that they will be keeping the team in WNY. There is one other MAJOR player that has not yet surfaced that is a legit candidate along with a lot of names that you have heard. My money is still on Pegula but I really don't know. The NFL understands that the team will be here through 2019 and doesn't want a lame duck franchise in their hands. In addition, there is some legitimate concern about their anti-trust exemption being brought to question. It is just easier for the NFL to keep the team in WNY assuming there are viable options (which there are). Lastly, the NFL wants the current management team to remain in place. They think very highly of them and think that their leadership will help a new ownership group get acclimated to the NFL. That's very good to hear. I kept saying that the NYS politicians were going to play a substantially bigger role than many thought. While we might be losing population, our politicians are still power brokers in DC. Schumer and Cuomo are not two people the NFL wants to get on the wrong side of. The NFL is kinda like the mob...they have some very questionable breaks they have been given and they just want to avoid any type of attention or added pressure and keep their license to basically print money without ruffling any feathers. I also hope they keep this group together...they are on the cusp of turning the corner...another change would set them back several years Link to comment Share on other sites More sharing options...
BillsVet Posted July 11, 2014 Share Posted July 11, 2014 (edited) http://espn.go.com/n...kers-financials GB had a relatively small profit even with this kind of guaranteed money. Teams themselves need to generate more revenue from their stadium and game-day and with the proliferation of HD I'm not sure that's trending in the right direction for owners. Aside from teams being a status symbol, I wonder whether a NFL franchise will continue being as lucrative. Then again, there are a lot of smart guys like Gundlach positioning themselves to purchase the Bills. They must know something. Edited July 11, 2014 by BillsVet Link to comment Share on other sites More sharing options...
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