Yesterday we told that Jon Bon Jovi wants to buy the Buffalo Bills, and the Bills fans want Jon Bon Jovi is kept as it can be out of the team. Well, to the relief of fans, the initial proposal was rejected Bon Jovi.
As reported by the Toronto Sun, Morgan Stanley (which is what is responsible for selling the Bills) declined the offer made by the investor group that owns Bon Jovi. The group, which mostly consists of people with ties to the city of Toronto, will have the chance to submit a bid.
The point is this: the Wilson family commissioned Morgan Stanley sales team, and apparently asked two things: 1) make as much money as possible and 2) ensure that the buyer group does not move the team in Buffalo. Under this premise, things did not go well for the group of Jon Bon Jovi.
The same report indicates that the Toronto Sun's initial proposal was considered to be very low (it is rumored ensure that offered $ 900 million or a little less) and the investor group did not offer sufficient ensure guarantees to leave the team in Buffalo.
Now what's next for this group is to decide what to do. If they are going to make another proposal will have to offer better guarantees and more money, or better leave it for peace and move on. If the second proposal is not accepted by Morgan Stanley will terminate negotiations with the group.
Economically they need some money, as it is said that Donald Trump and Terry Pegula (owner of the Buffalo Sabres in the NHL) offered $ 1 billion each. If there are two offerings that exceed 1,000 million will require Bon Jovi and its people offer more than 900 million. And on top will have to ensure the team's ensure stay.
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