The owners of the Buffalo Sabres are interested in buying the Buffalo Bills.
Terry and Kim Pegula hired Steve Greenberg, of Allen & Co., a high-profile investment banker. Greenberg has been involved in several other high profile sports team purchases.
The Pegulas have not said that they were trying to buy the team, but the Associated Press reported that they were one of the prospective buyers given a background on the Bills and a nondisclosure agreement.
The Bills were last valued by Forbes at $870 million. Prospective buyers are awaiting a full valuation by Morgan Stanley before bidding will begin. The Bills are tied to their current stadium in Buffalo until 2019.
No comments:
Post a Comment