Einstein Posted January 28 Share Posted January 28 1 minute ago, Buffalo716 said: It’s just as likely that they hand the team to one of their daughters.. That’s very hard to do because of inheritance tax. His daughter would have to pay in excess of $1 Billion. That’s why most teams aren’t handed down to the kids. 1 minute ago, Buffalo716 said: It’s way more likely in 25 years Terry Pegula’s daughters are the owners of the bills and sabers Based on what? 1 minute ago, Buffalo716 said: And if they have to get sold , that like Ralph he puts protection in there that doesn’t let them leave Ralph Wilson’s estate would not let the bills be sold to a team that was moving them Not sure if you remember, but it was discussed at that time that the clause Ralph put in did not actually protect the team. It just said the team couldn’t be sold to someone who admitted they planned to move the team. The new owner could simply say they have no intention to move, buy the team, and then still move them after a few years. It was discussed in length here: https://profootballtalk.nbcsports.com/2014/04/29/newly-discovered-term-in-bills-lease-doesnt-really-change-anything/amp/ Thats why the BEST preventive measure is to add a costly countermeasure to moving. 1 Link to comment Share on other sites More sharing options...
buffblue Posted January 28 Share Posted January 28 On 1/26/2023 at 6:47 PM, Draconator said: I'm starting to think the Investigative Post is intentionally doing a campaign to get the Bills to move It's really starting to get annoying. Only in Buffalo could all relevant parties come to an agreement to build a 1 billion dollar plus stadium and yet there are still scare articles about the team leaving Link to comment Share on other sites More sharing options...
Einstein Posted January 28 Share Posted January 28 2 minutes ago, buffblue said: It's really starting to get annoying. Only in Buffalo could all relevant parties come to an agreement to build a 1 billion dollar plus stadium and yet there are still scare articles about the team leaving I don’t read it as a scare attempt. I read it as “hey, we should fix this before it becomes a problem”. Put another way - What is the downside to adding better preventative measures? What could it hurt? 1 Link to comment Share on other sites More sharing options...
Buffalo716 Posted January 28 Share Posted January 28 (edited) 32 minutes ago, Einstein said: That’s very hard to do because of inheritance tax. His daughter would have to pay in excess of $1 Billion. That’s why most teams aren’t handed down to the kids. Based on what? Not sure if you remember, but it was discussed at that time that the clause Ralph put in did not actually protect the team. It just said the team couldn’t be sold to someone who admitted they planned to move the team. The new owner could simply say they have no intention to move, buy the team, and then still move them after a few years. It was discussed in length here: https://profootballtalk.nbcsports.com/2014/04/29/newly-discovered-term-in-bills-lease-doesnt-really-change-anything/amp/ Thats why the BEST preventive measure is to add a costly countermeasure to moving. Reached by QMI Agency on Monday, this expert adviser on team acquisitions and stadium development said the clause is "a big problem" for anyone wanting to buy the Bills franchise with the intention of relocating it. "I think the language is very direct. It's not cute. It's very in-your-face. I think people did not focus in on the sale part of the agreement; just on the non-relocation part." It would be near impossible with their clause for a team to buy the bills… Lie, saying they have no intention to relocate and then moving them within 5 to 10 years They do way too much due diligence to let anything like that happen And the sale clause prevented it Nobody who bought the bills from Ralph’s estate was going to move them… Pegula can ensure the same Edited January 28 by Buffalo716 1 Link to comment Share on other sites More sharing options...
Einstein Posted January 28 Share Posted January 28 22 minutes ago, Buffalo716 said: Reached by QMI Agency on Monday, this expert adviser on team acquisitions and stadium development said the clause is "a big problem" for anyone wanting to buy the Bills franchise with the intention of relocating it. "I think the language is very direct. It's not cute. It's very in-your-face. I think people did not focus in on the sale part of the agreement; just on the non-relocation part." It would be near impossible with their clause for a team to buy the bills… Lie, saying they have no intention to relocate and then moving them within 5 to 10 years They do way too much due diligence to let anything like that happen Nobody who bought the bills from Ralph’s estate was going to move them… Pegula can ensure the same Im guessing you didn’t read the article I linked. Written by an attorney. I’m also still wondering. What is the downside? What is the negative to adding better preventative measures? What could it hurt? Link to comment Share on other sites More sharing options...
Buffalo716 Posted January 28 Share Posted January 28 (edited) 8 minutes ago, Einstein said: Im guessing you didn’t read the article I linked. Written by an attorney. I’m also still wondering. What is the downside? What is the negative to adding better preventative measures? What could it hurt? I mean there’s a ton of articles that also say the bills were not going to be relocated Due To clauses in the sale agreement When Ralphs estate sold the team… Ralph put clauses In the sales agreement that did not let the new owner even Solicit or entertain offers That was backed up by attorneys There’s going to be tons of preventative measures that ensure the bills won’t leave when the time comes just like Ralph Terry Isn’t selling the team right now… When he does he could put a clause in that does not allow the new owners to entertain relocation If they don’t like it they don’t buy it Edited January 28 by Buffalo716 Link to comment Share on other sites More sharing options...
Einstein Posted January 28 Share Posted January 28 5 minutes ago, Buffalo716 said: There’s going to be tons of preventative measures that ensure the bills won’t leave when the time comes just like Ralph So what is the downside to doing them now? Putting them in the lease agreement? 1 Link to comment Share on other sites More sharing options...
Buffalo716 Posted January 28 Share Posted January 28 (edited) 12 minutes ago, Einstein said: So what is the downside to doing them now? Putting them in the lease agreement? Terry Pegula isn’t thinking about selling the team If or when that day comes, Just like Ralph, I’m sure he will have a clause that does not allow the new owner to even entertain offers of relocation when bought because it breaks the contract It doesn’t need to be there yet because he’s not selling the team …. Nobody knew Ralph had a clause to keep us here… Until it came out Terry is probably the same way Edited January 28 by Buffalo716 Link to comment Share on other sites More sharing options...
Einstein Posted January 28 Share Posted January 28 33 minutes ago, Buffalo716 said: Terry Pegula isn’t thinking about selling the team If or when that day comes, Just like Ralph, I’m sure he will have a clause that does not allow the new owner to even entertain offers of relocation when bought because it breaks the contract It doesn’t need to be there yet because he’s not selling the team …. Nobody knew Ralph had a clause to keep us here… Until it came out Terry is probably the same way The clause IS in the lease agreement. It’s there, so they’ve definitely thought about it. It’s just smaller than most cities. There is no downside to lengthening it. 1 Link to comment Share on other sites More sharing options...
Draconator Posted March 15 Share Posted March 15 https://www.audacy.com/wben/news/local/erie-county-stadium-corp-affirms-general-project-plan-for-new-bills-stadium?utm_source=WBEN-AM&utm_medium=email&utm_campaign=WBEN-AM NEWSLETTER&utm_content=Latest Newsletter - March 15, 2023&mi_u=526992&mi_ecmp=Latest Newsletter - March 15, 2023 Groundbreaking of a new football stadium in Orchard Park continues to inch closer following a meeting Wednesday with members of the Erie County Stadium Corporation (ECSC), a subsidiary of Empire State Development (ESD). During Wednesday's brief meeting, members voted and appointed Steve Ranalli as President of the ECSC, approved the corporation's operating and capital budgets for the fiscal year, and also affirmed the general project plan for construction of the new stadium. With the authorization of the general project plan, this included the authorization of all the necessary agreements. The main agreements as part of the project plan includes extensions to the current lease, a lease for the new stadium, construction and development agreement, a non-relocation agreement, extension of the non-relocation agreement, a community benefits agreement, and 40 other documents pertaining to the stadium deal here-and-there. The next step in the process will be to get the finalized documents that have been authorized over to the Erie County Legislature for their final approval of the overall stadium deal. It is the hope those documents will be presented to the Legislature sometime in the very near future. Once the stadium deal has been voted on and approved, the construction of the new stadium will then be allowed to move forward. 1 Link to comment Share on other sites More sharing options...
Gary Marangi Posted March 15 Share Posted March 15 LOL the way its going maybe by Fall they will start construction. Something isnt right with this shite 1 Link to comment Share on other sites More sharing options...
Donuts and Doritos Posted March 15 Share Posted March 15 No one wants to see how the sausages get made. Just get on w/ it already. Link to comment Share on other sites More sharing options...
WotAGuy Posted March 15 Share Posted March 15 Monkey wrench coming in the form of a lawsuit by the domers, saying the bowl needs a lid. 1 1 Link to comment Share on other sites More sharing options...
Buffalo716 Posted March 15 Share Posted March 15 57 minutes ago, WotAGuy said: Monkey wrench coming in the form of a lawsuit by the domers, saying the bowl needs a lid. Stands no ground lol Link to comment Share on other sites More sharing options...
RiotAct Posted March 15 Share Posted March 15 they have to have another meeting to approve the approval of the approval 1 Link to comment Share on other sites More sharing options...
McDeerInTheHeadlights Posted March 16 Share Posted March 16 13 hours ago, RiotAct said: they have to have another meeting to approve the approval of the approval And elect another figurehead as director of the approval of the approval committee. 1 1 Link to comment Share on other sites More sharing options...
Gregg Posted March 16 Share Posted March 16 14 hours ago, Gary Marangi said: LOL the way its going maybe by Fall they will start construction. Something isnt right with this shite Once WNY native and lifelong Bills fan Kathy Hochul took over for Cuomo that sealed the Bills fate. They were/are never leaving on her watch. She gave the organization a sweetheart deal granted at taxpayer expense, but Bills fans will be able to cheer for their team for generations to come. If the team ever gets sold by Terry Pegula, I doubt the league would allow a new owner to move them with the new stadium in place. KH will make sure any political red tape BS gets solved so construction begins this year. 2 Link to comment Share on other sites More sharing options...
mrags Posted March 16 Share Posted March 16 1 hour ago, Gregg said: Once WNY native and lifelong Bills fan Kathy Hochul took over for Cuomo that sealed the Bills fate. They were/are never leaving on her watch. She gave the organization a sweetheart deal granted at taxpayer expense, but Bills fans will be able to cheer for their team for generations to come. If the team ever gets sold by Terry Pegula, I doubt the league would allow a new owner to move them with the new stadium in place. KH will make sure any political red tape BS gets solved so construction begins this year. This. breaking ground is going to start by summer. They have dates in mind lined up. this state moves extremely slow with many things but mark it down in stone. They will begin breaking ground by WNY spring. So sometime by may-June Link to comment Share on other sites More sharing options...
nucci Posted March 16 Share Posted March 16 1 hour ago, Gregg said: Once WNY native and lifelong Bills fan Kathy Hochul took over for Cuomo that sealed the Bills fate. They were/are never leaving on her watch. She gave the organization a sweetheart deal granted at taxpayer expense, but Bills fans will be able to cheer for their team for generations to come. If the team ever gets sold by Terry Pegula, I doubt the league would allow a new owner to move them with the new stadium in place. KH will make sure any political red tape BS gets solved so construction begins this year. Of course they would. Owners care about bigger TV markets and money. 1 Link to comment Share on other sites More sharing options...
Gregg Posted March 16 Share Posted March 16 2 minutes ago, nucci said: Of course they would. Owners care about bigger TV markets and money. So does that mean the small market Green Bay Packers who continue to play in old Lambeau are in danger of moving. Link to comment Share on other sites More sharing options...
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