Kirby Jackson Posted August 1, 2014 Share Posted August 1, 2014 (edited) Yeah, I don't recall another situation where there were 3 people who had an almost equal stake in the team, with one having slightly more and thus being the principle owner. I'm not sure how that would fly with the other owners, but exceptions can always be made. Hopefully though, it's another strike against them in getting the team and one of which they're unaware. There are not many off the top of my head (if any). The league used to require the majority owner to own 51% but they lowered it to 30% because of the rising franchise costs. They won't let anyone finance more than $200M either. Say the number is $1.3B for the sale price. That means that JBJ would have to contribute $330M (30% of $1.1B). This is the primary reason why a lot of people on here we're never that concerned about his group. They wanted it (and still do) but unless they are fronted by Rogers as the controlling owner (don't think Tannebaum can be because of the Leafs) they have no chance. JBJ is only interested in being the controlling owner from most speculation (not sure if that is true but wouldn't be surprised if it were). None of this is good for their chances with the league. The NFL would MUCH rather Pegula than a partnership leveraged to their eyeballs. Edited August 1, 2014 by Kirby Jackson Link to comment Share on other sites More sharing options...
Doc Posted August 1, 2014 Share Posted August 1, 2014 (edited) That's what I'd figure. And with only 3 bidders, I can't see them not accepting all of them. Still curious to see if anyone else enters the fray. Although I'd have to think that once they are all accepted to the next stage, no one else can bid. Edited August 1, 2014 by Doc Link to comment Share on other sites More sharing options...
BUFFALOKIE Posted August 1, 2014 Share Posted August 1, 2014 Only three bidders...Of course there will be three "finalists". Link to comment Share on other sites More sharing options...
TheZone78 Posted August 1, 2014 Share Posted August 1, 2014 Only three bidders...Of course there will be three "finalists". Was hoping for two finalists. Link to comment Share on other sites More sharing options...
3rdand12 Posted August 1, 2014 Share Posted August 1, 2014 Only three bidders...Of course there will be three "finalists". I believe they can still recieve bids till the end of August. Its not over . But our man Pegula has them by a length at the halfway mark well done . Kind of a BOOM. beat that byotches Link to comment Share on other sites More sharing options...
Jamie Nails Posted August 1, 2014 Share Posted August 1, 2014 Hoping to hear jbj withdrew Link to comment Share on other sites More sharing options...
Peter Posted August 1, 2014 Share Posted August 1, 2014 Was hoping for two finalists. Me too - with JBJ on the outside looking in. Link to comment Share on other sites More sharing options...
Kirby Jackson Posted August 1, 2014 Share Posted August 1, 2014 Hoping to hear jbj withdrew I just saw JBJ!! He is on the corner of Eglinton and Yonge with his guitar case open playing an acoustic version of "Bed of Roses." There must be about $17 in that case!! He's not out of this thing yet!! Link to comment Share on other sites More sharing options...
Justice Posted August 1, 2014 Share Posted August 1, 2014 I'm a little confused by this report. Does this mean Trump is willing to outbid pegula's $1.3B bid? Link to comment Share on other sites More sharing options...
TSNBDSC Posted August 1, 2014 Share Posted August 1, 2014 (edited) Latest JBJ song Stayin Edited August 1, 2014 by tsnbd Link to comment Share on other sites More sharing options...
Doc Posted August 1, 2014 Share Posted August 1, 2014 I'm a little confused by this report. Does this mean Trump is willing to outbid pegula's $1.3B bid? No, it just means that they approved him to see the financials and then make another bid. And the $1.3B bid might be bogus. Link to comment Share on other sites More sharing options...
Tyrod's Tailor Posted August 1, 2014 Share Posted August 1, 2014 Latest JBJ song Stayin That one is soaring to #1 on the charts. I also heard he's working on adding this one to his repertoire: Link to comment Share on other sites More sharing options...
TSNBDSC Posted August 1, 2014 Share Posted August 1, 2014 (edited) That one is soaring to #1 on the charts. I also heard he's working on adding this one to his repertoire: Stayin Edited August 1, 2014 by tsnbd Link to comment Share on other sites More sharing options...
HalftimeAdjustment Posted August 1, 2014 Share Posted August 1, 2014 The league and owners love the guy!! He is a guy, paying cash (no debt), for the highest priced sale in league history. Depending on what number you believe for TP's net worth he can be as high as the 2nd wealthiest owner in the league (5 on the low end). They would LOVE to have this guy in their little club. Money talks. By bidding high there will basically be nothing but support from the owners. They get no headache from the move... No politics... No Trump. And all their franchises just gained in value. What's not to like?????? If Pegula wins then Ralph's prediction comes true: the team is sold to the highest bidder. Link to comment Share on other sites More sharing options...
Reed83HOF Posted August 1, 2014 Share Posted August 1, 2014 Apparently the opening bid wasn't enough....so for the first time.... Terry's cheap!! Link to comment Share on other sites More sharing options...
tombstone56 Posted August 1, 2014 Share Posted August 1, 2014 does anybody else think have a prospective owner with the last initials BJ is too wierd? Link to comment Share on other sites More sharing options...
The Real Buffalo Joe Posted August 1, 2014 Share Posted August 1, 2014 does anybody else think have a prospective owner with the last initials BJ is too wierd? Especially since his last name is actually Bongiovi. Meaning he chose BJ. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted August 1, 2014 Share Posted August 1, 2014 (edited) I'm not thrilled with Trump bring a finalist. Were all worried about Toronto but I don't trust Trump either. He is not the sort of fellow who wouldn't be happy in Buffalo when mega-riches await him elsewhere. If Trump buys the Bills (assuming the league owners would ever approve him) the Bills will be sold again to out of town interests. Edited August 1, 2014 by PromoTheRobot Link to comment Share on other sites More sharing options...
clearwater cadet Posted August 1, 2014 Share Posted August 1, 2014 I'm not thrilled with Trump bring a finalist. Were all worried about Toronto but I don't trust Trump either. He is not the sort of fellow who wouldn't be happy in Buffalo when mega-riches await him elsewhere. If Trump buys the Bills (assuming the league owners would ever approve him) the Bills will be sold again to out of town interests. Agree 110% he would see to an La group in 7 to 10 year Link to comment Share on other sites More sharing options...
Tyrod's Tailor Posted August 1, 2014 Share Posted August 1, 2014 I'm not thrilled with Trump bring a finalist. Were all worried about Toronto but I don't trust Trump either. He is not the sort of fellow who wouldn't be happy in Buffalo when mega-riches await him elsewhere. If Trump buys the Bills (assuming the league owners would ever approve him) the Bills will be sold again to out of town interests. agreed in theory but there's nothing to worry about there. Link to comment Share on other sites More sharing options...
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