TheZone78 Posted August 16, 2014 Share Posted August 16, 2014 I think putting any sports team in Canada makes them irrelevant to most Americans. Think about the Blue Jays and Raptors. No one cares about them. (I skip the Leafs because hockey is mostly irrelevant to American fans anyway.) Most Americans cannot locate Canada on a map anyways. Link to comment Share on other sites More sharing options...
SRQ_BillsFan Posted August 16, 2014 Share Posted August 16, 2014 The Toronto group could still reshuffle with the same group of people and a different controlling owner, allowing them to bid more money. Will they? Who can say, but it is possible. I think most believe they will keep the team there through the lease. It is after this point where opinions and inside information differ. Is it a ploy to outmaneuver TPegs? We'll find out. While I doubt it happens or that they end up with the highest bid, it's why I wish like all of us that it was over. ... and yes, I would take that personal and do. Link to comment Share on other sites More sharing options...
FluffHead Posted August 16, 2014 Share Posted August 16, 2014 @mikerodak: Robert Kraft dumps ice on Bon Jovi for the Ice Bucket Challenge, as Bon Jovi says “Thank you Buffalo.” Interesting: http://t.co/oEnBPmkMNs Link to comment Share on other sites More sharing options...
Ohiostyle Posted August 16, 2014 Share Posted August 16, 2014 I bet Kraft thinks he's hanging out with one of the cool kids. He seems kinda dorky, and would think JBJ would be cool. Link to comment Share on other sites More sharing options...
FluffHead Posted August 16, 2014 Share Posted August 16, 2014 @ByTimGraham: Jim Kelly, Jon Bon Jovi have discussed joining forces to buy the Bills http://t.co/6EaQPSoEAS Link to comment Share on other sites More sharing options...
Kirby Jackson Posted August 16, 2014 Share Posted August 16, 2014 @ByTimGraham: Jim Kelly, Jon Bon Jovi have discussed joining forces to buy the Bills http://t.co/6EaQPSoEAS I don't think that this is shocking. JBJ wants an NFL team more than he wants a team in Toronto (despite what many want to believe). They were really dumb to not go this route earlier. JBJ, Gundlach and Kelly would have made sense. Link to comment Share on other sites More sharing options...
Ohiostyle Posted August 16, 2014 Share Posted August 16, 2014 (edited) @ByTimGraham: Jim Kelly, Jon Bon Jovi have discussed joining forces to buy the Bills http://t.co/6EaQPSoEAS Noooooo......... All the good Kelly has done in and for Buffalo could be undone in 7 years from now. Don't do it Jim. They are using you for PR, and would squeeze you out in no time. Edited August 16, 2014 by Ohiostyle Link to comment Share on other sites More sharing options...
voodoo poonani Posted August 16, 2014 Share Posted August 16, 2014 Don't do it Jimbo! Throw your support to Pegula and help end this thing quickly Link to comment Share on other sites More sharing options...
FluffHead Posted August 16, 2014 Share Posted August 16, 2014 @AdamBenigni: Source: Kelly group has had discussions with Tom Golisano about being part of joint bid. @wgrz Jimmy really wants some action Link to comment Share on other sites More sharing options...
May Day 10 Posted August 16, 2014 Share Posted August 16, 2014 Omg. The kellys' terms. No wonder they are still outside looking in. And the article states bon jovi and his toronto pals Link to comment Share on other sites More sharing options...
FluffHead Posted August 16, 2014 Share Posted August 16, 2014 Kelly terms are laughable. Link to comment Share on other sites More sharing options...
MarkAF43 Posted August 16, 2014 Share Posted August 16, 2014 I don't think that this is shocking. JBJ wants an NFL team more than he wants a team in Toronto (despite what many want to believe). They were really dumb to not go this route earlier. JBJ, Gundlach and Kelly would have made sense. Kirby would this change the landscape of it being Pegula's to lose? Link to comment Share on other sites More sharing options...
Rubes Posted August 16, 2014 Share Posted August 16, 2014 Kelly terms are laughable. Boy, no kidding. You'd think he would start with something a little more reasonable. Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted August 16, 2014 Share Posted August 16, 2014 I dont believe the JBJ and Kelly talk. I do believe the Kelly and Golisano talk. Link to comment Share on other sites More sharing options...
ICanSleepWhenI'mDead Posted August 16, 2014 Share Posted August 16, 2014 Bandit and Kirby, Thanks for your thoughts, guys, but see below: Hey Sleep. The short answer is no, no requirement as to how ownership is meted out as far as I know. That said, it doesn't change anything, as Rogers' wealth is largely tied up in solid assets, and what liquidity he does have is in a Trust that won't likely allow him access for the purchase of a pro sports team. Hope that helps. Apparently Bon Jovi is only interested in being the lead guy which would require him to own 30% minimum. http://www.torontosun.com/2014/07/18/rogers-joins-bon-jovi-and-tanenbaum-in-equal-stakes-bid-to-buy-bills Sources say the Rogers family, and not Edward alone, is listed as an investor on the intention-to-bid document sent this week to the trust overseeing the sale of the Bills. * * * * * * * * * * If the Toronto group wins the bidding, and the final sale price winds up at, say, $1.2 billion, then because NFL rules cap new-ownership financing at $200 million the three Toronto parties each would have to plop down about $333 million in cash. If Forbes’ valuation of Bon Jovi is accurate he presumably then would have to drop down to the 30% minimum from 33% and still sell off almost everything merely to get up his share of the cash. I don't know how good Kryk's info is, and I'm still getting caught up on recent developments. I did see, however, that Forbes recently reported that ALL first stage bids were "well under" $1 billion: http://www.forbes.com/sites/mikeozanian/2014/08/10/all-offers-for-buffalo-bills-below-1-billion/ Kryk's Toronto Sun piece quoted above assumes that if Bon Jovi is designated as "controlling owner," he is required to hold at least a 30% stake. That is widely reported in the media, but I don't know if it's true, for reasons I stated upthread. For the sake of argument, let's assume it is true. If bids have not yet gone over $1 billion as Forbes reported, I can understand Bon Jovi insisting on being the lead dog, because he thinks he's still in the hunt at this level of bidding. But if Morgan Stanley in round 2 can keep going back to bidders and asking for more, what happens when Pegula's bid gets too high for the Toronto group to match if Toronto is required to have Bon Jovi plunk down 30% of the cash? We don't know if Bon Jovi would give up the lead dog role when faced with the prospect of being a minority owner or no owner at all, because at least according to Forbes, he hasn't been required to make that decision yet. And that's assuming that the person designated as the "controlling owner" must have at least a 30% ownership share, which might simply be an assumption (though admittedly frequently made). Link to comment Share on other sites More sharing options...
FluffHead Posted August 16, 2014 Share Posted August 16, 2014 (edited) @HJKforever: Quick update on all the Jim ownership rumors. The things that you are being told by @ByTimGraham and the media are NOT ACCURATE! @ByTimGraham: Member of the Kelly family told me if I ever asked him about Jeffrey Gundlach he would deny knowing him. So this doesn't surprise me. Edited August 16, 2014 by FluffHead Link to comment Share on other sites More sharing options...
nucci Posted August 16, 2014 Share Posted August 16, 2014 Kirby would this change the landscape of it being Pegula's to lose? Doubtful. This doesn't sound like anything to be concerned about. They don't have enough money. Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted August 16, 2014 Share Posted August 16, 2014 @HJKforever: Quick update on all the Jim ownership rumors. The things that you are being told by @ByTimGraham and the media are NOT ACCURATE! @ByTimGraham: Member of the Kelly family told me if I ever asked him about Jeffrey Gundlach he would deny knowing him. So this doesn't surprise me. I never believed it anyways. Link to comment Share on other sites More sharing options...
May Day 10 Posted August 16, 2014 Share Posted August 16, 2014 It sounds like it's going to cost someone money to have kelly around. Kind of a shame as he can just throw his support/endorsement behind pegula and further nail the coffin. Link to comment Share on other sites More sharing options...
Kirby Jackson Posted August 16, 2014 Share Posted August 16, 2014 Kirby would this change the landscape of it being Pegula's to lose? No, this is a Hail Mary. They should have went this route way earlier. Link to comment Share on other sites More sharing options...
Recommended Posts