With Jon Bon Jovi writing a too-little, too-late letter to Bills fans and Donald Trump being Donald Trump, both may have violated a strict confidentiality agreement signed prior to the commencement of the process for expressing formal interest to buy the Buffalo Bills.
As explained by Tim Graham of the Buffalo News, the six-page document states that the bidder may not without prior written consent disclose that “you are considering the transaction or any other possible transaction . . . or that discussions or negotiations have taken or are taking place concerning the transaction.”
Bon Jovi’s letter makes clear that his Toronto-based group has submitted a bid. Likewise, Trump told NBC’s Al Michaels that the New York City real estate mogul and reality-show host offered $1 billion in cash for the team. (Jim Irsay wants to know how Trump fits that much money in his car.)
For Trump it doesn’t matter, since no one actually believes he’ll actually buy the team. For Bon Jovi, it’s the latest negative twist for a guy quietly regarded in league circles as destined to own a team. (He may be, but it probably won’t be the Bills.)
The agreement specifies no consequences for a violation, and with possibly only three total bidders it would be foolish to eliminate Bon Jovi and Trump without using their interest to squeeze every last penny out of Buffalo Sabres owner Terry Pegula, the only known bidder who hasn’t made his bid known. Still, news that Bon Jovi isn’t respecting the terms of the agreement he signed easily could be used by the many who don’t want him buying the team to support the idea that he will breach a contract (like the lease at Ralph Wilson Stadium) if it suits his interests.
Meanwhile, Graham reports that the other potential ownership groups were “thrilled” to see Bon Jovi’s letter, viewing it as a desperation effort to persuade Bills fans that Bon Jovi won’t move the team. And that effort may have been more successful if the letter said something along the lines of, “I won’t move the team.”
Of nearly 10,000 folks who responded to our poll on the topic, nearly 80 percent don’t believe that Bon Jovi would keep the Bills in Buffalo.