Monday, September 22, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

AP sources: Bon Jovi part of group eyeing Bills

By
From page B3 | July 19, 2014 |

BUFFALO, N.Y. — Rocker Jon Bon Jovi is part of a Toronto group that has retained a banking firm and submitted paperwork expressing interest in buying the Buffalo Bills, three people who have reviewed documents regarding the sale process told The Associated Press on Friday.

It is unclear if the group would eventually want to move the NFL team to Toronto. The club is on the market after Hall of Fame owner Ralph Wilson died in March.

The three people spoke to The Associated Press on the condition of anonymity Friday because the process is private and the Toronto group has not revealed its intentions.

The group includes Larry Tanenbaum and the Rogers family. Tanenbaum is chairman of Maple Leaf Sports and Entertainment, which controls the NHL’s Maple Leafs and NBA’s Raptors. The Rogers family includes Edward Rogers, who is deputy chairman of Rogers, the Toronto communications giant.

The group is on a list of prospective buyers who have submitted a nondisclosure agreement form to Morgan Stanley, the banking firm overseeing the Bills sale. The Toronto group has retained the Goldman Sachs banking firm to assist in the bid.

Bon Jovi previously expressed interest in owning an NFL franchise but never specifically mentioned the Bills. This is the first real indication linking him to Tanenbaum and Rogers.

One of the people confirmed that Bon Jovi discussed his interests involving the Bills during a restaurant meeting with NFL Commissioner Roger Goodell in New York City last month.

The Bills most recently were valued by Forbes at $870 million. They are projected to be sold for at least $1 billion, partly because NFL teams rarely go on the market.

The team is essentially locked into playing at Ralph Wilson Stadium through the 2019 season because of a strict nonrelocation clause included in a 10-year lease agreement reached with the state and county in December 2012.

The Bills would incur a $400 million penalty by even broaching the prospect of moving during the lease’s term. There is a one-time exception that would allow the Bills to break the lease for just under $28.4 million in 2020.

Of about 60 nondisclosure forms sent out by Morgan Stanley in June, at least 10 of have been returned, two of the people said. Among those also listed as returning their forms are Buffalo Sabres owners Terry and Kim Pegula and New York City real estate mogul Donald Trump.

The forms were required in order for prospective bidders to gain access to financial and background information on the franchise to begin formulating their bids.

The next step is for prospective bidders to submit another set of forms — including their own financial information — by July 29 to gain more access to the Bills’ financial information.

One of the people said Morgan Stanley has informed prospective buyers that the Bills made just under $30 million in net profits last season. And Morgan Stanley projects that number will double by 2019 as a result of the NFL’s TV contract, current renovations taking place at the stadium and other potential local sources of income.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Vaca Christian hits FM airwaves

By Susan Winlow | From Page: A1 | Gallery

 
 
Hazmat crew responds to Fairfield after spill Sunday

By Ryan McCarthy | From Page: A3

SBDC schedules free workshop for small businesses

By Susan Hiland | From Page: A3

 
Cordelia Rotary to host Senior Center fall dinner

By Susan Hiland | From Page: A3

CHP offers teen drivers class

By Susan Hiland | From Page: A3

 
Golf tourney to help uninsured children

By Susan Hiland | From Page: A3

Dixon Scottish Games return to Solano

By Susan Hiland | From Page: A3

 
Hospital launches farmers market in Vacaville

By Susan Hiland | From Page: A3

Local governments schedule meetings

By Susan Hiland | From Page: A4

 
Master Gardeners schedule annual plant exchange

By Susan Hiland | From Page: A4

 
Il Fiorello Olive Oil Co. hold butchery class

By Susan Hiland | From Page: A4

 
American music makes a sweet sound Sunday

By Ryan McCarthy | From Page: A4

Popeye’s seeks Fairfield site

By Barry Eberling | From Page: B8, 3 Comments | Gallery

 
North Bay Pediatrics celebrates anniversary

By Barry Eberling | From Page: B8

Sutter Solano has new leader

By Barry Eberling | From Page: B8

 
‘Peter Pan’ earns Elly awards for Missouri Street Theatre

By Amy Maginnis-Honey | From Page: A11

.

US / World

Some California wells run dry amid drought

By The Associated Press | From Page: A1, 1 Comment

 
More drought forecast next year across West

By The Associated Press | From Page: A1

32 structures destroyed in California wildfire

By The Associated Press | From Page: A1

 
Melted glacier sends miles of mud down Mt. Shasta

By The Associated Press | From Page: A5

Crews cleaning fuel spill in San Francisco Bay

By The Associated Press | From Page: A5

 
Police say rifle carried by ambush suspect found

By The Associated Press | From Page: A5

Gov. Brown signs clean-air vehicle legislation

By The Associated Press | From Page: A5, 3 Comments

 
Feds censure local police, yet give lethal weapons

By The Associated Press | From Page: A5

Del. authorities: Bus overturns, at least 1 dead

By The Associated Press | From Page: A7

 
Sierra Leone concludes nationwide Ebola lockdown

By The Associated Press | From Page: A7

2016 may loom, but Jeb Bush is focused on business

By The Associated Press | From Page: A7

 
China, US, India push world carbon emissions up

By The Associated Press | From Page: A7

New Afghan president, but vote totals kept secret

By The Associated Press | From Page: A7

 
NASA’s Maven explorer arrives at Mars after year

By The Associated Press | From Page: A9

North Korea powerful temptation for some Americans

By The Associated Press | From Page: A10 | Gallery

 
Craig Ferguson plays it loose with new game show

By The Associated Press | From Page: A11

‘Maze Runner’ races past ‘Tombstones’ with $32.5M

By The Associated Press | From Page: A11

 
.

Opinion

Burning issue of the day? Statehood for D.C.

By Ann McFeatters | From Page: A8

 
Pulse poll: Will the drought end this year?

By Daily Republic | From Page: A8

 
Idealists made mess of 20th century

By Jack Batson | From Page: A8, 1 Comment

Thanks go out to Telstar Instruments

By Letter to the Editor | From Page: A8

 
.

Living

Today in History: Sept. 22, 2014

By The Associated Press | From Page: A2

 
Community Calendar: Sept. 22, 2014

By Susan Hiland | From Page: A2

Ned’s drinking is ruining our parents’ business, health

By Kathy Mitchell and Marcy Sugar | From Page: B5

 
Horoscopes: Sept. 22, 2014

By Holiday Mathis | From Page: B5

Horoscopes: Sept. 23, 2014

By Holiday Mathis | From Page: B7

 
.

Entertainment

TVGrid Sept 22

By Daily Republic Syndicated Content | From Page: A10

 
TVGrid Sept 23

By Daily Republic Syndicated Content | From Page: A11

.

Sports

 
Giants swept by Padres; fall 4 ½ behind Dodgers

By The Associated Press | From Page: B1

Stanton leads Cardinals past 49ers 23-14

By The Associated Press | From Page: B1 | Gallery

 
Donaldson’s walk-off HR powers A’s past Phillies

By The Associated Press | From Page: B1 | Gallery

Penalty nixes Raiders rally, Patriots win 16-9

By The Associated Press | From Page: B1 | Gallery

 
Seahawks hold off Broncos 26-20 in overtime

By The Associated Press | From Page: B2 | Gallery

NFL roundup: Cowboys erase 21-point deficit, beat Rams 34-31

By The Associated Press | From Page: B2 | Gallery

 
Armijo boys run to 2nd-place finish in Irvine

By Daily Republic staff | From Page: B2

Hamilton wins in Singapore, takes F1 title lead

By The Associated Press | From Page: B2

 
Ex-Titans kicker Bironas killed in car crash

By The Associated Press | From Page: B2

Hur pulls away for LPGA Tour win in Alabama

By The Associated Press | From Page: B9 | Gallery

 
Logano wins at New Hampshire in 2nd Chase race

By The Associated Press | From Page: B10 | Gallery

.

Business

 
Native Americans getting final settlement payments

By The Associated Press | From Page: B8

5 ways to protect yourself from data breaches

By The Associated Press | From Page: B8

 
.

Obituaries

.

Comics

Dilbert Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
B.C. Sept 22

By Daily Republic Syndicated Content | From Page: B4

Baldo Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
Garfield Sept 22

By Daily Republic Syndicated Content | From Page: B4

Beetle Bailey Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
Peanuts Sept 22

By Daily Republic Syndicated Content | From Page: B4

Sally Forth Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
For Better or Worse Sept 22

By Daily Republic Syndicated Content | From Page: B4

Wizard of Id Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
Frank and Ernest Sept 22

By Daily Republic Syndicated Content | From Page: B4

Blondie Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
Rose is Rose Sept 22

By Daily Republic Syndicated Content | From Page: B4

Get Fuzzy Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
Pickles Sept 22

By Daily Republic Syndicated Content | From Page: B4

Baby Blues Sept 22

By Daily Republic Syndicated Content | From Page: B4

 
Zits Sept 22

By Daily Republic Syndicated Content | From Page: B4

Sudoku Sept 22

By Daily Republic Syndicated Content | From Page: B5

 
Crossword Sept 22

By Daily Republic Syndicated Content | From Page: B5

Bridge Sept 22

By Daily Republic Syndicated Content | From Page: B5

 
Word Sleuth Sept 22

By Daily Republic Syndicated Content | From Page: B5

Cryptoquote Sept 22

By Daily Republic Syndicated Content | From Page: B5

 
Baby Blues Sept 23

By Daily Republic Syndicated Content | From Page: B6

Blondie Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Beetle Bailey Sept 23

By Daily Republic Syndicated Content | From Page: B6

Peanuts Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Zits Sept 23

By Daily Republic Syndicated Content | From Page: B6

Frank and Ernest Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Pickles Sept 23

By Daily Republic Syndicated Content | From Page: B6

For Better or Worse Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Rose is Rose Sept 23

By Daily Republic Syndicated Content | From Page: B6

Sally Forth Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Garfield Sept 23

By Daily Republic Syndicated Content | From Page: B6

Get Fuzzy Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Baldo Sept 23

By Daily Republic Syndicated Content | From Page: B6

B.C. Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Dilbert Sept 23

By Daily Republic Syndicated Content | From Page: B6

Wizard of Id Sept 23

By Daily Republic Syndicated Content | From Page: B6

 
Word Sleuth Sept 23

By Daily Republic Syndicated Content | From Page: B7

Crossword Sept 23

By Daily Republic Syndicated Content | From Page: B7

 
Bridge Sept 23

By Daily Republic Syndicated Content | From Page: B7

Cryptoquote Sept 23

By Daily Republic Syndicated Content | From Page: B7

 
Sudoku Sept 23

By Daily Republic Syndicated Content | From Page: B7