Group Headlined By Bon Jovi Submits Paperwork To Buy The Bills

Discussion in 'Buffalo Bills' started by DaBears22, Jul 18, 2014.

  1. DaBears22

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    Rocker Jon Bon Jovi is part of a Toronto group that has retained a banking firm and submitted paperwork expressing interest in buying the Buffalo Bills, three people who have reviewed documents regarding the sale process told The Associated Press on Friday.

    It is unclear if the group would eventually want to move the team across the border to Toronto, which would give Canada its first team in the NFL. The club is on the market after Hall of Fame owner Ralph Wilson died in March.

    The three people spoke to The Associated Press on the condition of anonymity Friday because the process is private and the Toronto group has not revealed its intentions.

    The group includes Larry Tanenbaum and the Rogers family. Tanenbaum is chairman of Maple Leaf Sports and Entertainment, which controls the NHL's Maple Leafs and NBA's Raptors. The Rogers family includes Edward Rogers, who is deputy chairman of Rogers, the Toronto communications giant.

    The group is on a list of prospective buyers who have submitted a nondisclosure agreement form to Morgan Stanley, the banking firm overseeing the Bills sale. The Toronto group has retained the Goldman Sachs banking firm to assist in the bid.

    Of about 60 nondisclosure forms sent out by Morgan Stanley in June, at least 10 of have been returned, two of the people told the AP. Among those also listed as returning their forms are Buffalo Sabres owners Terry and Kim Pegula and New York City real estate mogul Donald Trump.

    Source: ESPN