YoloinOhio Posted July 9, 2014 Share Posted July 9, 2014 @ByTimGraham: Sources: Jeffrey Gundlach is exploring Bills purchase, has approached Jim Kelly http://t.co/Aja68yexDg Link to comment Share on other sites More sharing options...
boyst Posted July 9, 2014 Share Posted July 9, 2014 I might be interested in this, maybe as the number 2 option. Link to comment Share on other sites More sharing options...
Tipster19 Posted July 10, 2014 Share Posted July 10, 2014 The more that I hear about it the more it appears that there is quite a few billionaires who are just downright Bills' fans, mostly homegrown folks, who want nothing more for this franchise than to keep it here in good old Buffalo. New York! I sure hope that it plays out like this, no region would love or appreciate this franchise like the people in Western New York. Link to comment Share on other sites More sharing options...
T master Posted July 10, 2014 Share Posted July 10, 2014 I was just looking through some of the fan shots for the 4th of July on the Bills web site it would be a travisty if the NFL let the Bills out of Buffalo !! But if owners like JJ have there way he will be leading the charge cause he's just that big of a jerk !! Link to comment Share on other sites More sharing options...
Heitz Posted July 10, 2014 Share Posted July 10, 2014 The more *I* hear about it, the more I feel like I should have pursued a career in the banking industry, I'm not sure the action sports industry is going to be me to a billion plus by the end of month so I can bid on the Bills... Also, lol at this quote: "I think it would be a tragedy to have the Bills go to some random city and be called, you know, the L.A. Multitude or whatever the hell they'd call it." Link to comment Share on other sites More sharing options...
MattM Posted July 10, 2014 Share Posted July 10, 2014 Despite what he says, I'm not too sure I trust a guy who lives in LA to buy the Bills and keep them here.... Link to comment Share on other sites More sharing options...
HopefulFuture Posted July 10, 2014 Share Posted July 10, 2014 Since Jon Bon Jovi was interested in buying the team I'd like the Goo Goo Dolls to pony up as well Link to comment Share on other sites More sharing options...
DefenseWins Posted July 10, 2014 Share Posted July 10, 2014 First of all, a Billion doesn't sound like it gets the job done against Pegula for one thing. Didn't Pegula just rake in 1.75 Billion in cash? I think he'd have a problem outbidding "The Donald" as well... end of story... Link to comment Share on other sites More sharing options...
yungmack Posted July 10, 2014 Share Posted July 10, 2014 Despite what he says, I'm not too sure I trust a guy who lives in LA to buy the Bills and keep them here.... Where does Golisano live? How about Pegula? You do know Gundlach is a Buffalo guy, right? Link to comment Share on other sites More sharing options...
SF Bills Fan Posted July 10, 2014 Share Posted July 10, 2014 (edited) I appreciate the enthusiasm and he is thinking correctly, but my guess is that the NFL owners club will welcome the liquid cash and stability of Terry Pegula over Mr. Gundlach. Pegula seems like the old school guy they like. Already owns a pro team.. Builds arenas at Big Ten schools.. Builds 250 million dollar hotels. These are all high profile endeavors. Edited July 10, 2014 by SF Bills Fan Link to comment Share on other sites More sharing options...
Big Turk Posted July 10, 2014 Share Posted July 10, 2014 Despite what he says, I'm not too sure I trust a guy who lives in LA to buy the Bills and keep them here.... Why? Most people not from LA hate it there and think the people are fake and disingenuous. Link to comment Share on other sites More sharing options...
White Linen Posted July 10, 2014 Share Posted July 10, 2014 First of all, a Billion doesn't sound like it gets the job done against Pegula for one thing. Didn't Pegula just rake in 1.75 Billion in cash? I think he'd have a problem outbidding "The Donald" as well... end of story... I don't think you need the full amount in cash to make the purchase, just the necessary amount of worth for the bank to loan the money. I'm not saying every bidding owner would borrow the money but they could. Similar to most of us don't have the liquid money to purchase the house we purchase, but we have the reasonable means to make the payment. I know money will be an important factor but I actually think the trust is looking for more than that. Respectable bid - coupled with their comprehensive plan to keep them in Buffalo - will get you the second tier of consideration for the purchase. Then I believe a more detailed set of questioning will come after and the person the trust feels matches the wishes of the late Ralph Wilson the most will be chosen, Link to comment Share on other sites More sharing options...
aristocrat Posted July 10, 2014 Share Posted July 10, 2014 I don't think you need the full amount in cash to make the purchase, just the necessary amount of worth for the bank to loan the money. I'm not saying every bidding owner would borrow the money but they could. Similar to most of us don't have the liquid money to purchase the house we purchase, but we have the reasonable means to make the payment. I know money will be an important factor but I actually think the trust is looking for more than that. Respectable bid - coupled with their comprehensive plan to keep them in Buffalo - will get you the second tier of consideration for the purchase. Then I believe a more detailed set of questioning will come after and the person the trust feels matches the wishes of the late Ralph Wilson the most will be chosen, from what I understand you can only finance up to 200 mil of the purchase price. So these teams are basically all paid for. Link to comment Share on other sites More sharing options...
MattM Posted July 10, 2014 Share Posted July 10, 2014 Where does Golisano live? How about Pegula? You do know Gundlach is a Buffalo guy, right? Sure--I'm in his industry. I know who he is and I know his background and where he lives now and I stand by my statement. Link to comment Share on other sites More sharing options...
DrDawkinstein Posted July 10, 2014 Share Posted July 10, 2014 I think Pegula's new $1.75B in cash would be something like $1B for the team, and $750M as his contribution to the new stadium downtown? Link to comment Share on other sites More sharing options...
bisonbrigade Posted July 10, 2014 Share Posted July 10, 2014 Get r dun Link to comment Share on other sites More sharing options...
ET1062 Posted July 10, 2014 Share Posted July 10, 2014 I think Pegula's new $1.75B in cash would be something like $1B for the team, and $750M as his contribution to the new stadium downtown? Actually the $750M is his contribution to Uncle Sam. Link to comment Share on other sites More sharing options...
KDIGGZ Posted July 10, 2014 Share Posted July 10, 2014 He can't afford them. It would take a whole group of investors to try and come up with the kind of cash Pegula has on hand in his checking account. If Pegula wants the team, it's his. He hasn't publicly expressed his level of interest though. Meanwhile we know guys like Gundlach and Bon Jovi are dying to get a team Link to comment Share on other sites More sharing options...
Kirby Jackson Posted July 10, 2014 Share Posted July 10, 2014 Sure--I'm in his industry. I know who he is and I know his background and where he lives now and I stand by my statement. 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...
JoeF Posted July 10, 2014 Share Posted July 10, 2014 (edited) http://blogs.wsj.com...terested-buyer/ Gundlach acknowledged that Bills owner Ralph Wilson is unlikely to part with the franchise while still living. He also acknowledged that buying a sports franchise in Western New York isn’t a huge growth opportunity. “It’s not an investment,” he said. “It’s because I love the Bills.” I know he's not the most trustworthy guy in bond trading -- lawsuits, etc. But he appears to understand the fierce loyalty that binds us all to the team. He has one great advantage over Pegula and Tom G. He is in his mid-50's -- give me a guy who is going to live for 25 more years and keep the team local. I have actually been waiting for his name to resurface. Edited July 10, 2014 by JoeF Link to comment Share on other sites More sharing options...
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