HOUSE Posted August 23, 2014 Share Posted August 23, 2014 (edited) I don't claim to be an expert here but some food for thought. During the sale period, the present party or trust in charge of the sale can't do anything that would disrupt or change the value of the franchise. So, what does this mean??? Well, Buffalo can not trade for Tom Brady and add this 124 million dollar contract to the cap , raise or lower the value of the team during the sale period. I learned this from the sale of the Clippers, assets and financial flexibility were frozen till after the sale. So how does this effect the 2014 Buffalo Bills ? You may see very little movement during the sale period THEN a possible BIG move after the sale. So, it appears we are locked in for now Basically, NO SOUP FOR YOU! -- Edited August 23, 2014 by HOUSE Link to comment Share on other sites More sharing options...
KDIGGZ Posted August 23, 2014 Share Posted August 23, 2014 So we are not trading for Tom Brady? Link to comment Share on other sites More sharing options...
HOUSE Posted August 23, 2014 Author Share Posted August 23, 2014 So we are not trading for Tom Brady? Not today Link to comment Share on other sites More sharing options...
KDIGGZ Posted August 23, 2014 Share Posted August 23, 2014 Not today So maybe after the sale goes through? I'm going to hold you to that Link to comment Share on other sites More sharing options...
HOUSE Posted August 23, 2014 Author Share Posted August 23, 2014 So maybe after the sale goes through? I'm going to hold you to that UT-oh Link to comment Share on other sites More sharing options...
first_and_ten Posted August 23, 2014 Share Posted August 23, 2014 The Trust is Cheap Link to comment Share on other sites More sharing options...
buffalopdc Posted August 23, 2014 Share Posted August 23, 2014 In business deals that is generally from contract to closing. The bills are "for sale". It should only possibly be an issue once there is a binding contract and usually in that case you just need consent of the purchase r. Link to comment Share on other sites More sharing options...
eSJayDee Posted August 23, 2014 Share Posted August 23, 2014 I would imagine that woulds be one of the "exhange" issues. Since you can't stop the operation of a football team for any (prolonged) period, a sale price would be negotiated based on certain assets. This is what you buy. Then any other (significant) factors are adjusted for at the time of the actual sale. Much like School &/or Property taxes or possibly like fuel in a tank when you sell a home. For instance, if they were to sign a player w/ a huge signing bonus, presumably the amt of the signing bonus that would be prorated fwd would therefore be an additional asset that would need to adjusted for. Likewise, something like a trade for Brady where his future salary doesn't reflect the true cost of his "use" would require an adjustment, ie it would raise the sale price. Link to comment Share on other sites More sharing options...
HOUSE Posted August 23, 2014 Author Share Posted August 23, 2014 I would imagine that woulds be one of the "exhange" issues. Since you can't stop the operation of a football team for any (prolonged) period, a sale price would be negotiated based on certain assets. This is what you buy. Then any other (significant) factors are adjusted for at the time of the actual sale. Much like School &/or Property taxes or possibly like fuel in a tank when you sell a home. For instance, if they were to sign a player w/ a huge signing bonus, presumably the amt of the signing bonus that would be prorated fwd would therefore be an additional asset that would need to adjusted for. Likewise, something like a trade for Brady where his future salary doesn't reflect the true cost of his "use" would require an adjustment, ie it would raise the sale price. Thank you....so there could be soup ? Link to comment Share on other sites More sharing options...
Green Lightning Posted August 23, 2014 Share Posted August 23, 2014 (edited) The Trust is Cheap Ha! Edited August 23, 2014 by Green Lightning Link to comment Share on other sites More sharing options...
mitchmurraydowntown Posted August 23, 2014 Share Posted August 23, 2014 It's a valid point but I know that there's going to be some camp cuts and some of them will add / deduct income, it's a league forced cutdown. So basically speaking, your statement is not accurate via current circumstances. Link to comment Share on other sites More sharing options...
Ed_Formerly_of_Roch Posted August 23, 2014 Share Posted August 23, 2014 (edited) So using your analogy a busiess wouldn't be able to issue stock dividends at the end of a quarter, or end of year bonuses would not be allowed, no hiring, firing, raises anything while the sale is going on. Those things typically don't stop other than in cases of real small busineses. In principle what you're saying I'm sure is true, for example if the state decided tomorrow they wanted to sell RWS, buying that certainly would changed the value of the asset by a large amount. But even trading for Tom Brady would change the valsue of the asset by very little in the grand scheme of things I don't claim to be an expert here but some food for thought. During the sale period, the present party or trust in charge of the sale can't do anything that would disrupt or change the value of the franchise. So, what does this mean??? Well, Buffalo can not trade for Tom Brady and add this 124 million dollar contract to the cap or raise the value of the team during the sale period. I learned this from the sale of the Clippers, assets and financial flexibility were frozen So how does this effect the 2014 Buffalo Bills ? You may see very little movement during the sale period THEN a posible BIG move after the sale. So, it appears we are locked in for now Basically, NO SOUP FOR YOU! -- Edited August 23, 2014 by Ed_Formerly_of_Roch Link to comment Share on other sites More sharing options...
HOUSE Posted August 23, 2014 Author Share Posted August 23, 2014 (edited) So using your analogy a busiess wouldn't be able to issue stock dividends at the end of a quarter, or end of year bonuses would not be allowed, no hiring, firing, raises anything while the sale is going on. Those things typically don't stop other than in cases of real small busineses. In principle what you're saying I'm sure is true, for example if the state decided tomorrow they wanted to sell RWS, buying that certainly would changed the value of the asset by a large amount. But even trading for Tom Brady would change the valsue of the asset by very little in the grand scheme of things If I was a buyer, I am exploring every part of the finances including coaches,players, etc. I also would like to believe that what I am buying will remain the same. Example, If I bid on a house, I don't want the carpet removed 3 weeks before I close. This is why they freeze the assets to protect the buyer Edited August 23, 2014 by HOUSE Link to comment Share on other sites More sharing options...
The Dean Posted August 23, 2014 Share Posted August 23, 2014 So using your analogy a busiess wouldn't be able to issue stock dividends at the end of a quarter, or end of year bonuses would not be allowed, no hiring, firing, raises anything while the sale is going on. Those things typically don't stop other than in cases of real small busineses. In principle what you're saying I'm sure is true, for example if the state decided tomorrow they wanted to sell RWS, buying that certainly would changed the value of the asset by a large amount. But even trading for Tom Brady would change the valsue of the asset by very little in the grand scheme of things Agreed. But I don't think the Bills could sell RWS as they do not own it. If I was a buyer, I am exploring every part of the finances including coaches,players, etc. I also would like to believe that what I am buying will remain the same. Example, If I bid on a house, I don't want the carpet removed 3 weeks before I close. This is why they freeze the assets to protect the buyer First of all, they can operate as they like as the team is not yet sold, It is for sale, but can be pulled from the market at any time. Once it is sold, I believe they can still make transactions considered in the normal course of business. Trades and such would qualify, i believe, as business as usual, unless some case could be made for them acting in bad faith. If John Y Brown had ravaged the Buffalo Braves while the sale was pending, and without the approval of the buyer, I could see where that would be questioned. It would be different if they were to acquire, or sell, property. For instance if the Bills owned the practice facility (do they?) they couldn't sell it or conduct any major cosmetic repairs. But I imagine they could replace a broken window, for example. The good thing here is, the team is likely to be sold to a "friendly" party and I imagine major decisions would be run by him/her and be easily conducted. Just my opinion, of course. Link to comment Share on other sites More sharing options...
HOUSE Posted August 23, 2014 Author Share Posted August 23, 2014 (edited) Agreed. But I don't think the Bills could sell RWS as they do not own it. First of all, they can operate as they like as the team is not yet sold, It is for sale, but can be pulled from the market at any time. Once it is sold, I believe they can still make transactions considered in the normal course of business. Trades and such would qualify, i believe, as business as usual, unless some case could be made for them acting in bad faith. If John Y Brown had ravaged the Buffalo Braves while the sale was pending, and without the approval of the buyer, I could see where that would be questioned. It would be different if they were to acquire, or sell, property. For instance if the Bills owned the practice facility (do they?) they couldn't sell it or conduct any major cosmetic repairs. But I imagine they could replace a broken window, for example. The good thing here is, the team is likely to be sold to a "friendly" party and I imagine major decisions would be run by him/her and be easily conducted. Just my opinion, of course. We should also point out that there could be a fire sale and we could be watching Brian Brohm throw passed to Roscoe Parrish next year. Edited August 23, 2014 by HOUSE Link to comment Share on other sites More sharing options...
3rdand12 Posted August 23, 2014 Share Posted August 23, 2014 Agreed. But I don't think the Bills could sell RWS as they do not own it. First of all, they can operate as they like as the team is not yet sold, It is for sale, but can be pulled from the market at any time. Once it is sold, I believe they can still make transactions considered in the normal course of business. Trades and such would qualify, i believe, as business as usual, unless some case could be made for them acting in bad faith. If John Y Brown had ravaged the Buffalo Braves while the sale was pending, and without the approval of the buyer, I could see where that would be questioned. It would be different if they were to acquire, or sell, property. For instance if the Bills owned the practice facility (do they?) they couldn't sell it or conduct any major cosmetic repairs. But I imagine they could replace a broken window, for example. The good thing here is, the team is likely to be sold to a "friendly" party and I imagine major decisions would be run by him/her and be easily conducted. Just my opinion, of course. Bob Dobbs ? you cant see the whole avatar without heading to your profile. I suggest folks check it out. pretty good stuff !! Link to comment Share on other sites More sharing options...
The Dean Posted August 24, 2014 Share Posted August 24, 2014 Bob Dobbs ? you cant see the whole avatar without heading to your profile. I suggest folks check it out. pretty good stuff !! I know and it stinks! I'm going to have to figure something out. Link to comment Share on other sites More sharing options...
3rdand12 Posted August 24, 2014 Share Posted August 24, 2014 http://forums.twobillsdrive.com/uploads/profile/photo-2044.jpg?_r=1408808651 Link to comment Share on other sites More sharing options...
Recommended Posts