Buffalo Bills Expected To Be Sold For More Than $1 Billion
The Buffalo Bills are a storied franchise that has seen much success without ever actually winning a Super Bowl. To add salt to the wounds of the diehard fans that experienced the late-1980s and early-1990s, the team has seen plenty of letdowns in recent years. Everyone has an opinion about what the Bills do on the field, but it was not until recently that those opinions would stretch to off-the-field matters after it was revealed the franchise is expected to be sold for an excess of $1 billion.
“League sources tell me last night the Bills expect the sale of the team to reach more than $1.1 billion,” reported ESPN’s Sal Paolantonio. “That’s an incredible number considering Forbes magazine just valued the team at $870 million. The ownership groups looking at this team can expect to pay 20 percent more than the value of the team.”
If the Bills are allegedly worth $1.1 billion, I want to know how much the New England Patriots would go for. Buffalo has not had a winning season since 2004, and the one prior to that was 1999. In 15 years, the Bills have had two seasons in which their record was above .500, and Mr. Paolantonio is telling us that the team is worth at least $1 billion. I am not saying someone got the facts wrong, but that is insane.
One possible explanation is that the Bills being in the NFL is enough reason by itself to garner that much money. Let’s be honest, even the most embarrassing NFL franchises are going to be taking endless wheelbarrows of cash to the bank, unless we are talking about the Jacksonville Jaguars.
As of right now, musician Bon Jovi is the frontrunner to land ownership, while Donald Trump is still in the mix. The issue with Bon Jovi is that he is a Patriots fan. If that is not a conflict of interest, I don’t know what is. Bon Jovi and Trump are just two notable names. There is no doubt several more people, millionaires or billionaires, who are willing to take stake in a NFL team.