Report: Pegulas hire Steve Greenberg to oversee possible Bills bid

AP

Buffalo Sabres owner Terry Pegula and his wife Kim recently released a statement saying that they are following the developments of efforts to sell the Bills and they reportedly have some help keeping tabs on the situation.

Tim Graham of the Buffalo News reports that the Pegulas have hired Steve Greenberg to oversee any potential bid. Greenberg, a managing director at the investment bank Allen & Co. and the son of baseball Hall of Famer Hank Greenberg, has helped broker the sale of numerous franchises in the United States, including the recent sale of the Milwaukee Bucks and deals involving several Major League Baseball teams.

The Pegulas have not said whether or not they plan on making a bid, saying only that they support efforts to keep the team in Western New York. Per Graham, Morgan Stanley has yet to provide prospective bidders with sales books that would give them a detailed read of the team’s financial situation. The NFL has reportedly seen the sales book and potenital bidders are expected to have them before the July 4 weekend.

Donald Trump, Tom Golisano and a group including rock star Jon Bon Jovi have been mentioned as others with possible interest in buying the team from the family of Bills founder Ralph Wilson.

7 responses to “Report: Pegulas hire Steve Greenberg to oversee possible Bills bid

  1. This article merely suggests Golisano will make a bid. He confirmed it 2 weeks ago and has partnered with a (shady) local developer with a lot of local land between downtown and the current stadium site saying they plan to build a new stadium with mostly private money.

    HOWEVER, Pegula has the stronger bid and the stronger local ties. He is the current favorite, both financially, with the fans and governmentally.

    Meanwhile, Trump has all but been ruled out financially, and by his former litigation against the NFL, many of the defendants are still owners.

  2. Pegula won’t be able to hang with the big boys when the bids come in.

    The party’s over.

  3. Agree with Jeffrey on everything above except for the stronger local ties. Golisano is born and raised WNYer. Pegula is from PA and his wife is from WNY

Leave a Reply