Insomniac99 Posted August 30, 2014 Share Posted August 30, 2014 (edited) Jon Bon Jovi has been chucked from the group, The Post has learned.The rocker and the deep-pocketed Toronto-based sports team owners who are bidding for the Buffalo Bills have parted way, sources close to the situation said Friday. The remaining entities in the group — Larry Tanenbaum, chairman of Maple Leaf Sports & Entertainment, which controls the NHL’s Maple Leafs and NBA’s Raptors, and Edward Rogers, chairman of Rogers Communications — believe they are in a stronger position to win the Bills auction without Bon Jovi, sources said. The New Jersey rocker had led the group, a source close to the situation said. As the lead bidder, Bon Jovi would have been the principal owner and therefore, under NFL rules, would have to put up 30 percent of the purchase price. With Bon Jovi’s net worth at roughly $300 million, according to sources, the group’s highest bid would have been capped at about $1.1 billion. With rival bidder Terry Pegula, a fracking billionaire, said to be willing to push a bid toward $1.2 billion or higher, the Toronto group, with Bon Jovi, feared it was bound to lose, sources said. “Rogers is very serious” about buying the team, another source close to the process said. There have been recent media reports about the Toronto bid falling apart — but in reality it is reforming, sources said. Deep-pocketed Donald Trump is still in the bidding, as well. Final bids are due next week. Morgan Stanley, the investment bank selling the Bills, has been trying to help Bon Jovi find new backers, sources said. Bon Jovi and Tanenbaum spokespeople did not return calls. http://nypost.com/20...ding-for-bills/ Edited August 30, 2014 by Insomniac99 Link to comment Share on other sites More sharing options...
17 Josh Allen Posted August 30, 2014 Share Posted August 30, 2014 This is a very bad sign and a turn for the worse I told everyone this was far from over. Link to comment Share on other sites More sharing options...
GG Posted August 30, 2014 Share Posted August 30, 2014 He must have watched the preseason games too Link to comment Share on other sites More sharing options...
Big Blitz Posted August 30, 2014 Share Posted August 30, 2014 (edited) No its not. Report: Trust needs stronger assurances that TO group will keep team in Buffalo. JBJ: Ridiculous "I'm sacrificing all I have to make this work blah blah" love letter in TBN. Report: Bidding process for Bills a circus. (Translation: No one is getting the final sale price they wanted...and this dam lease!) Report: JBJ out. The guy that was supposed to as Kirby said in the other thread be the "face" that persuades the Trust we are keeping team in B-lo blah blah. That guy is out. After trying to persuade the Trust he wants it to work here. Now its just the TO people and their ability to drive up the bid. So I'm assuming we're going to get the same "we need a guarantee to stay in WNY" request and the TO group will be writing love letters in TBN now? This is all crap. They're screwing Pegula out of another 200 million with this garbage.. Edited August 30, 2014 by Big Blitz Link to comment Share on other sites More sharing options...
The Dean Posted August 30, 2014 Share Posted August 30, 2014 No its not. Report: Trust needs stronger assurances that TO group will keep team in Buffalo. JBJ: Ridiculous "I'm sacrificing all I have to make this work blah blah" love letter in TBN. Report: Bidding process for Bills a circus. (Translation: No one is getting the final sale price they wanted...and this dam lease!) Report: JBJ out. The guy that was supposed to as Kirby said in the other thread be the "face" that persuades the Trust we are keeping team in B-lo blah blah. That guy is out. Its just the TO people. So I'm assuming we're going to get the same "we need a guarantee to stay in WNY" request and the TO group will be writing love letters in TBN now? This is all crap. They're screwing Pegula out of another 200 million with this garbage.. While it is likely to cost Pegula (or possibly Golisano) more, I wouldn't exactly say they were screwed out of it. Link to comment Share on other sites More sharing options...
Dean Cain Posted August 30, 2014 Share Posted August 30, 2014 (edited) NY Post is a tabloid owned by Fox News Rupert Murdoch. These are the same idiots that said Romney would win 2012. They are a mouth piece for the Wall Street banks. Morgan Stanley must have the reporter on payroll. All part of the game to drive up the price. Edited August 30, 2014 by Dean Cain Link to comment Share on other sites More sharing options...
FluffHead Posted August 30, 2014 Share Posted August 30, 2014 @ByTimGraham: Two sources in Bills sales process believe Bon Jovi group totally falling apart. They think Tanenbaum/Rogers remaining viable unlikely. Link to comment Share on other sites More sharing options...
Insomniac99 Posted August 30, 2014 Author Share Posted August 30, 2014 (edited) No its not. Report: Trust needs stronger assurances that TO group will keep team in Buffalo. JBJ: Ridiculous "I'm sacrificing all I have to make this work blah blah" love letter in TBN. Report: Bidding process for Bills a circus. (Translation: No one is getting the final sale price they wanted...and this dam lease!) Report: JBJ out. The guy that was supposed to as Kirby said in the other thread be the "face" that persuades the Trust we are keeping team in B-lo blah blah. That guy is out. After trying to persuade the Trust he wants it to work here. Now its just the TO people and their ability to drive up the bid. So I'm assuming we're going to get the same "we need a guarantee to stay in WNY" request and the TO group will be writing love letters in TBN now? This is all crap. They're screwing Pegula out of another 200 million with this garbage.. I dont think they have enough liquid assets to even touch a modest(for him) big by Pegula. Unless they join up with some new group that has tons of liquid assets on hand, they're screwed, IMO. @ByTimGraham: Two sources in Bills sales process believe Bon Jovi group totally falling apart. They think Tanenbaum/Rogers remaining viable unlikely. Score another one for the good guys! Edited August 30, 2014 by Insomniac99 Link to comment Share on other sites More sharing options...
Just Jack Posted August 30, 2014 Share Posted August 30, 2014 [This is an automated response] This subject matter is being currently being discussed or has already been discussed in a previous thread. http://forums.twobillsdrive.com/topic/170168-round-3-sale-of-the-team Please consider using the "search" function before starting new topics. Thank you. Link to comment Share on other sites More sharing options...
Recommended Posts