BUFFALO – The bidding contest over who will buy the Buffalo Bills from the estate of its founder, the late Ralph C. Wilson Jr. – is now underway.
Preliminary bids to purchase the team were submitted on Tuesday and according to the Buffalo News, those who’ve been confirmed as prospective buyers include Buffalo Sabres owner Terry Pegula and his wife, Kim, as well as billionaire developer Donald Trump.
The Toronto Sun reported that a Toronto group that involves rock star Jon Bon Jovi also submitted a bid. And former Sabres owner B. Thomas Golisano also may have made an offer. Other bids also were expected in the highly secretive sales process, which only Sen. Charles E. Schumer shed any light on Tuesday.
In a statement, Schumer said he expects strong bids from several potential owners who would commit to keeping the team in Western New York.
Preliminary bids were due at Morgan Stanley, the Bills’ investment banker, at 5 p.m. Tuesday. The firm will sort the solid bids out from the inadequate ones and then ask for more information from prospective owners who are still in the running.
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