The first round of the bids for the new Buffalo Bills ownership is in, and according to the New York Post, the bids topped $1 billion, making it likely that this will be the priciest sale in the history of the NFL, surpassing the $1.1 billion sale of the Miami Dolphins in 2008.
Initial Bills bids reportedly top $1 billion
The sale of the team will likely be the priciest in NFL history.
Kevin Hoffman-USA TODAY Sports
A Pennsylvania fracking mogul bid more than $1 billion for the Buffalo Bills on Tuesday - making it likely the team will attract a record sales price for an NFL team, The Post has learned.
Terrence Pegula, who owns the NHL Buffalo Sabres, is one of only two known bidders for the storied football franchise, which was put on the block last spring following the March 25 death of owner Ralph Wilson Jr.
While Pegula is the only bidder the post could confirm, there are many other more high-profile people who have claimed that they will attempt to buy the team. There has been talk that new ownership could potentially move the Bills to Toronto, which is why Pegula potentially winning the bidding could be a good outcome for fans in Buffalo. Donald Trump also has said on a few occasions that he hopes to buy the Bills and keep the franchise in Buffalo.
Jon Bon Jovi and the ownership of the Toronto Maple Leafs are expected to bid to move the team to Toronto, for which they received criticism from Bills great Andre Reed.
“Man, f-k Bon Jovi,” legendary Bills receiver Andre Reed, who will be inducted into the Hall of Fame this weekend, told New York Magazine. “You might as well just take this city, throw it in the river, and let it go down Niagara Falls.”
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