Report: Bon Jovi group's bid for the Bills 'on life support'

{eot} Staff
8/22/2014 12:52:05 PM
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The Toronto Sun is reporting the group bidding on the Buffalo Bills led by Jon Bon Jovi and his Toronto background investors including MLSE chairman Larry Tanenbaum is "hanging on by the skin of their teeth," according to one source.

The Sun's sources say the group is taking the next week or so to assess what their plans are and to discusss what they could possibly do make an effective bid at this stage in the race.

According to Forbes magazine, all non-binding bids for the Buffalo Bills are under $900 million.

None of the three bidders offered more than the reported worth of the team.

Forbes Magazine has pegged the team's value at $930 million.

Buffalo Sabres owner Terry Pegula and his wife Kim, was the leader in the first round with a bid of $890 million.

The Toronto group fronted by Jon Bon Jovi was second with a $820 million bid, while Donald Trump offered $809 million.

Jon Bon Jovi (Photo: Dave Sandford/Getty Images)


(Photo: Dave Sandford/Getty Images)
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