The Buffalo Bills have advanced into the next stage of the team’s sale by hosting individual meetings with the interested parties. First up is real estate mogul Donald Trump.
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The individual meetings were supposed to be kept private due to the nature of the sale, but ESPN spoke to sources confirming Trump as the first of the investors to meet with the Bills.
“Two people familiar with the sale process confirmed to The Associated Press on Thursday that the real estate mogul was the first to receive a presentation. Trump's meeting was held in the Detroit-area on Wednesday. Buffalo Sabres owners Terry and Kim Pegula and a Toronto group fronted by rocker Jon Bon Jovi also have scheduled meetings.”
Trump has said that he doesn’t expect to win the bidding war for the team and wouldn't do anything “too crazy” throughout the process. Trump has a chance to carry some momentum to his cause after rockstar Jon Bon Jovi’s, who was considered the favorite to buy the team, initial bid was rejected for being too low.
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Neither Trump nor Bon Jovi are considered out of contention for the team and many reports believe that Bon Jovi and his Toronto based investment group can increase their offer up to $1.2 billion from their initial $900 million offer. If the sale goes over $1.2 billion it is unknown if Bon Jovi, $290 million net worth, will have the liquid assets to increase the offer again.
Buffalo Sabres owners Terry and Kim Pegula, net worth of $3.3 billion, are also serious contenders to buy the Bills and keep the team in Buffalo.
[ESPN]
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