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Bills hire advisors for sale of team

Jacksonville Jaguars v Buffalo Bills

ORCHARD PARK, NY - DECEMBER 2: A view of the stands before the Buffalo Bills NFL game against the Jacksonville Jaguars at Ralph Wilson Stadium on December 2, 2012 in Orchard Park, New York. (Photo by Tom Szczerbowski/Getty Images)

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Cowboys owner Jerry Jones made some comments about the future of the Bills in Buffalo at the league meetings this week, saying that the league needed to be “looking for ways to improve not only the growing the pie but also growing the fan base” while also speaking warmly about prospective buyer Jon Bon Jovi.

Bon Jovi is part of a potential ownership group based in Toronto, which raises more questions about whether the team will remain in Buffalo once the Wilson family completes the sale of the team. Progress continued toward that sale on Wednesday with the announcement of legal and financial advisors to help guide the process. The Bills named Morgan Stanley as financial advisor and Proskauer Rose as legal advisor.

“The sales process will move forward. This will really begin the vetting process of the sale. The bank will go through all the interested parties and vet them,” team president Russ Brandon said, via the team’s website. “I know that we will go about our business in a very methodical manner and keep the league, the state and the county updated on a consistent basis. I’m very focused and I think our organization is very focused so that we can provide the needed deliverables to the National Football League.”

Brandon didn’t reveal how many bidders would be involved in the vetting process, but said interest was high. The new advisors are expected to begin that process in the next 30 days, which could lead to a sale shortly thereafter.