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| Posted: 16 July 2018 at 10:32 | IP Logged
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ORCHARD PARK, N.Y. -- The bidding for the Buffalo Bills
is set to begin now that prospective ownership groups are
being contacted by a law firm representing late owner
Ralph Wilsons estate. Two people familiar with the sale
process told The Associated Press on Thursday that
prospective buyers began receiving a seven-page non-
disclosure agreement, and a brief outline of background
material on the Bills franchise and stadium. The
documents were distributed by Proskauer Rose, the legal
firm overseeing the sale. Both people spoke on the
condition of anonymity because the sale process has not
been made public. Real estate mogul Donald Trump released
a statement confirming he has received the documents. NHL
Buffalo Sabres owner Terry Pegula has also received the
documentation, one of the people said. Pegulas entry
marks the first clear signal of his interest in getting
involved in buying the NFL franchise, which is going on
the market after Wilson died in March. The Toronto Sun
first reported on its website Thursday that the
documentation was distributed. A full list of candidates
is unknown. Former Sabres owner Tom Golisano has
expressed interest in buying the Bills. Another
prospective group could include Toronto-based businessmen
Larry Tanenbaum, chairman of Maple Leaf Sports and
Entertainment, and Edward Rogers, deputy chairman of
Rogers Communications. The next step is for prospective
owners to sign the non-disclosure agreement, one of the
people said. That would then provide groups full access
to the Bills financial data in order to begin formulating
bids. The bids will be submitted to Morgan Stanley
financial advisers, a banking firm also hired by Wilsons
estate. Morgan Stanley will be responsible for receiving
the bids and vetting each groups background and finances
before recommending a candidate to the NFL, one of the
people said. The firm has an extensive history in working
with the league, and its oversight in vetting candidates
is expected to speed the sale process. People familiar
with the sale have previously said an ownership candidate
could be identified by the end of July, and the sale
approved by NFL owners as early as the leagues meetings
in October. Pegulas entry into the Bills sale process
doesnt come as a major surprise. He previously said he
wouldnt want to see the Bills relocate outside of western
New York under a new owner. But he had never said whether
he would get involved in a bid to purchase the team.
Pegulas net worth was last estimated by Forbes to be $3.3
billion. Hes from Pennsylvania and made his fortune after
selling many of his natural gas companys assets for $4.7
billion to Royal Dutch Shell in 2010. Pegulas net worth
could rise after his company reached a deal to sell off
75,000 acres of land in Ohio and West Virginia to
Oklahoma-based American Energy Partners last week. Trumps
net worth was last estimated by Forbes to be $3.9
billion, though his advisers have said hes worth far
more. Trump released a statement saying he will make a
decision regarding his interest in buying the team based
on the financial details he receives from Morgan Stanley.
Trump didnt rule out making the bid on his own or part of
what he called, "a syndicate." The Bills sale has raised
concerns that the team could eventually relocate, with
Toronto and Los Angeles considered potential landing
spots. The Bills, however, are essentially tied to
playing at Ralph Wilson Stadium through the 2019 season
under terms of their lease agreement.
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SAUNDERS (Timberwolves): Im not the least bit surprised
that he appointed himself as head coach after his search
concluded.(SportsNetwork.com) - The Portland Trail
Blazers will play the second game of a back-to-back
Monday night against the winless Philadelphia 76ers and
have a good chance at pushing their winning streak to
eight games. The Blazers made it seven wins in a row with
Sundays 94-88 victory against the Boston Celtics in the
opener of a three-game road trip, as LaMarcus Aldridge
muscled his way to 20 points and 14 rebounds (11
offensive). Chris Kaman posted 16 points and eight
rebounds off the bench, while star point guard Damian
Lillard posted 12 points, nine rebounds and five assists
for the Trail Blazers. Steve Blake chipped in 11 points.
They both have had some very good games for us, Portland
head coach Terry Stotts said of Kaman and Blake. I think
its typical of what theyve given us. Steve is very
consistent defensively ... Chris is very consistent, hes
been consistent all season as far as scoring and
rebounding off the bench. Portland is 8-1 when scoring
100-plus points and 5-0 against Eastern Conference
opponents. It is scoring 103.6 points and allowing 94.6
ppg. The Blazers are 2-2 away from the Rose City and will
close the east-coast journey Wednesday in Charlotte.
Philadelphia is last in scoring with 88.8 ppg and is
allowing 105.2. It is averaging 84.1 ppg in the last
seven after scoring a season-high 115 points versus
Chicago on Noov.dddddddddddd7. The 76ers are coming off
Saturdays 91-83 loss to the New York Knicks at Madison
Square Garden and fell to 0-13 on the season. It is the
worst start for the Sixers since they opened the 1972-73
campaign 0-15. Nerlens Noel had 17 points and 12
rebounds, Robert Covington scored a season- best 14
points off the bench and reserve Hollis Thompson rounded
out the double-digit scorers with 10 points. Philly had
18 turnovers, shot 40 percent from the floor and
struggled beyond the arc, making 8-of-26 3-pointers.
Reigning NBA Rookie of the Year Michael Carter-Williams
posted nine points, four boards and just one assist, and
leading scorer Tony Wroten (17.7 ppg) ended with five
points. The Sixers are five losses away from matching the
NBA record for the worst start to a season, which was set
by the Nets in 2009-10. Its a learning process, but were
getting better, Noel said. Philadelphia is 0-6 at home
and went 10-31 at Wells Fargo Center a season ago. It
will also welcome Brooklyn, Dallas and San Antonio to
town. The Blazers and Sixers split two matchups in 2013-
14 with each team prevailing on the road. Portland blew
out the 76ers, 139-105, in south Philly last Dec. 14 and
was led by Aldridges 20 points and 16 rebounds. The
Blazers had eight players score in double figures. These
two teams have split the last 16 meetings.
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U47.org Forum :: The Conning Tower
Topic: turdays 91-83 loss to the New York Knicks
