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Forbes reports bids for Bills are each below $900 million

Rochester Business Journal
August 21, 2014

The three non-binding bids for the Buffalo Bills each are less than $900 million, with Terrence Pegula’s offer the highest at $890 million for a franchise valued at $935 million, Forbes magazine reports.

Pegula, owner of the Buffalo Sabres and Rochester Americans hockey teams, is considered the favorite to buy the Bills, up for sale following the death of team founder and owner Ralph Wilson Jr. in March.

A group led by musician Jon Bon Jovi and Toronto business executives Edward Rogers III and Lawrence Tanenbaum bid $820 million, and Donald Trump bid $809 million, the magazine reported Thursday, citing two sources familiar with the sales process.

On Wednesday, the magazine listed the Bills’ $935 million value at 31st among 32 National Football League teams—surpassing only the St. Louis Rams—and $65 million more than its 2013 value of $870 million.

The team’s 2013 revenue totaled $252 million, Forbes reported. Its operating income was $38 million.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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