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Report: High Bills bid by Sabres owner Terry Pegula

Terry Pegula, Kim Pegula AP

Through all the twists and turns of the sale of the Bills, with all the potential celebrity possibilities, it appears the high bid so far has come from a local.

Via the Buffalo News, Buffalo Sabres owner Terry Pegula turned in the highest of the three bids so far for the team.

According to a report by Forbes, the three non-binding bids all came in under $900 million.

The report said Pegula’s bid of $890 million topped the $820 million bid by the Toronto group faced by Jon Bon Jovi and the $809 million from Donald Trump. (What happened to $1 billion, all cash?)

Those numbers aren’t final, and the Forbes report suggested they’re so low that the league might want to scuttle the sale process and start over. But it does point to what has been reported previously, that Pegula was the front-runner to buy the team.

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30 Responses to “Report: High Bills bid by Sabres owner Terry Pegula”
  1. jimmyt says: Aug 22, 2014 6:57 AM

    What is the Buffalo Sabres?

  2. billswillnevermove says: Aug 22, 2014 7:04 AM

    They won’t start over and in the very end the Bills will go for around 1.1 to around 1.2 billion. Those were just the initial bids. Congrats Terry!!! Game, Set, Match………goodbye Toronto. I never want to hear anything about Canada or Toronto again.

  3. denverdude7 says: Aug 22, 2014 7:08 AM

    Come on Donald !!!

    What happened to that One-Billion all cash bid you were blabbering about?

    Please make good on your words. I was so looking forward to another 3-ring circus joining the Cowboys and Browns organizations. The entertainment value alone would be worth the extra cash by itself.

  4. marvsleezy says: Aug 22, 2014 7:30 AM

    Why would starting over increase the bids??

  5. thestrategyexpert says: Aug 22, 2014 7:48 AM

    Put me down for a billion and I can have the IOU in like 15-20 minutes, but not a penny higher.

  6. exboomer says: Aug 22, 2014 7:51 AM

    Just give the team to Pegula and move on. If the league forces the fans to go through the sale process all over again there will be much anger directed at the NFL.

  7. unclebluck says: Aug 22, 2014 7:53 AM

    There are so many rumors out there about this bidding and re bidding..how are you supposed to believe anything, anymore?

  8. joetoronto says: Aug 22, 2014 7:54 AM

    The Bills are worth at least half a billion more in Toronto than Buffalo.

    The Wilson family won’t turn their backs on half a billion and that’s why the Toronto group will eventually prevail.

    Pegula isn’t going to pay 1.5 billion and keep them in Buffalo, where they’re worth 1 Billion.

    Hello, Toronto.

  9. bubbybrisket says: Aug 22, 2014 7:57 AM

    Twilight Sparkle is best pony…and the Bills will never leave Buffalo!!!!

  10. jimmysee says: Aug 22, 2014 7:58 AM

    Wait that’s impossible — Mr. Combover bid $1 billion in cash now.

  11. broncostevenp says: Aug 22, 2014 7:58 AM

    I can’t wait for Trumps explanation on this one.

  12. mrbigass says: Aug 22, 2014 8:03 AM

    Let them move the team and watch the bids skyrocket…….

  13. cshearing says: Aug 22, 2014 8:25 AM

    Please stop talking about Trump. This free publicity is the only reason that weasel even made a bid.

  14. billsalldayaday says: Aug 22, 2014 8:28 AM

    Sounds like you’re disappointed. I think you guys like the idea of an NFL team moving. Its sad….

    The Bills have one of the best if THE BEST fan base in the all of sports. We are not going anywhere!

  15. iloveagoodnap says: Aug 22, 2014 8:35 AM

    Those numbers aren’t final, and the Forbes report suggested they’re so low that the league might want to scuttle the sale process and start over.
    ………………………
    Based on what? Those are all over valued for the Forbes listed priced of the team, and they’re preliminary non binding bids.

    They are still going to sell for higher than any NFL team in history. Those are still 150 million HIGHER than the Jags final selling price. They’rew still only 70 million less than the record breaking Cleveland sale as non binding bids.

    What evidence does this Forbes writer have rooted in fact that it would start over? The fact is starting over would drive the cost lower. That’s about as common sense as you can get.

    Oh yeah- not to mention the NFL ordering the trust to start over THEIR OWN sales process so that the record can be broken by even more amounts of money- well, that would just be one more point for

  16. uglydingo says: Aug 22, 2014 8:36 AM

    On this info, Donald Trump’s blatant $1 Billion cash lie seems to be exposed.

  17. george1859 says: Aug 22, 2014 8:39 AM

    Too bad JBJ totally pooped on the Buffalo and the Bills fans ability to ruin him.
    He might have made a great owner..
    It would have been a man who valued championships, and not assets.

  18. eroschmidt says: Aug 22, 2014 8:39 AM

    Its not up to the league to scuttle the process and start over. Its up to the widow of Ralph Wilson (Mary Wilson) and the trust that was created. The objectives have been simple – sell the team in a timely fashion, get as much money as possible and KEEP THE TEAM IN BUFFALO. This looks like it may have kept some bidders away which kept the price down. Ralph wanted his legacy to remain, and local multi-billionaire and current Buffalo Sabres owner Terry Pegula will now own our beloved Bills. Terry is currently building a $200 million hotel and addition to the First Niagara Center for the Sabres on the water called HarborPlace. I think the question is no longer if the BUFFALO Bills are moving to Toronto or LA, but instead: Is Terry going to put a new stadium downtown as well? Also, I am going to extremely happy next year when the Bills finally spend all their cash to the cap.

  19. America's Team Is God's Team says: Aug 22, 2014 8:41 AM

    Those numbers aren’t final, and the Forbes report suggested they’re so low that the league might want to scuttle the sale process and start over
    …………
    The preliminary non binding bids are as little as just 70$mil shy of the NFLs current record holder. Preliminary- meaning they will go up, a lot. The ultimate winning bid will absolutely break the record the Browns set. It will shatter the record prior to that.

    But yet, that’s not enough for the NFL? Talk about a joke.

    Oh and- I would love an explanation on how starting over would possibly drive up the cost? Basic economic case studies almost always point to the opposite.

  20. sportsfan18 says: Aug 22, 2014 8:43 AM

    Someone please ask Trump to cash the check he wrote with his mouth about $1 billion in cash for the team.

    Aww… poor poor NFL is hurting because one of their teams is only drawing a top bid of $890 million dollars…

    NFL’s pride is hurt…

  21. kgun80 says: Aug 22, 2014 9:12 AM

    Duh

  22. buffalohogan says: Aug 22, 2014 9:15 AM

    This is concerning. If they throw out the rules established and restart the process, the Bills in Buffalo will definitely be at risk. Here’s hoping Pegula throws in a little more cash and gets this thing done.

  23. billswillnevermove says: Aug 22, 2014 9:24 AM

    buffalohogan says:Aug 22, 2014 9:15 AM

    This is concerning. If they throw out the rules established and restart the process, the Bills in Buffalo will definitely be at risk. Here’s hoping Pegula throws in a little more cash and gets this thing done.
    _________________________________
    No concerns at all, won’t happen. Terry will own this team. Game over and it will still be a billion dollars or a tad more when it’s all over.

  24. billswillnevermove says: Aug 22, 2014 9:29 AM

    They won’t start over and in the very end the Bills will go for around 1.1 to around 1.2 billion. Those were just the initial bids. Congrats Terry!!! Game, Set, Match………goodbye Toronto. I never want to hear anything about Canada or Toronto again.

  25. coachbeck says: Aug 22, 2014 9:55 AM

    Would love to see these guys move now.

  26. pacificdan says: Aug 22, 2014 11:17 AM

    Because Trump is all hot air, well that and truly magnificent hair.

    I would have guessed the bids would be higher. Perhaps we all should pool our lunch money and make a bid. I call the GM position!

  27. styx630 says: Aug 22, 2014 11:49 AM

    The NFL is getting too greedy for its own good. Between this and the SB halftime story, plus the fact that the average fan can’t even afford tickets to a game anymore, backlash is coming.

  28. thegreatgabbert says: Aug 22, 2014 1:24 PM

    Terry will keep the team in Buffalo, but he’s moving it to the NHL.

  29. deep64blue says: Aug 22, 2014 2:51 PM

    Well there you go – the price of shutting off the best financial option for buyers …

  30. djshnooks says: Aug 22, 2014 3:23 PM

    I’ve said this since March.

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