Initial Bidding For The Bills Passes The $1 Billion Mark

| by Jonathan Wolfe

Three groups submitted bids to buy the Buffalo Bills yesterday: Buffalo Sabres owner Terry Pegula, Donald Trump, and a Toronto-based financial group that includes Bon Jovi.

Bids were due by 5 p.m. Tuesday, so the next owner of the Bills will likely come from the list above.

According to New York Post writers Josh Kosman and Lois Weiss, bids for the team have already topped the $1 billion mark. Initial bids are usually just high enough to catch the attention of a team’s seller, so the bids should only climb from here.

In 2008, the Miami Dolphins sold for a record $1.1 billion -- a number the Bills' sale should easily top.

Trump told the New York Post that he likely underbid for the team, and said he’s “not going to do something stupid” just to own the franchise. His bid included a guarantee to keep the team in Buffalo.

The financial group led by Bon Jovi can’t promise as much. It’s believed that if Bon Jovi and his crew acquired the team, they would promptly relocate it to Toronto. The news has made Bon Jovi an unpopular figure in the upstate New York town, and prompted Bill’s Hall of Famer Andre Reed to go public with some not-so-kind words about him.

“Man, f*ck Bon Jovi,” Reed said. “You might as well just take this city, throw it in the river, and let it go down Niagara Falls.”

Like Trump, Pegula vowed to keep the team in Buffalo.