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Bon Jovi out of Toronto group trying to buy the Bills

Bon Jovi out of Toronto group trying to buy the Bills
Posted August 30th, 2014 @ 10:45am by Bud Lowell

The New York Post says Bon Jovi is out of the Toronto group attempting to get control of the Bills franchise.


It says this isn't the end of the deep-pockets bid by the Rogers Family and Larry Tannenbaum of Maple Leaf Sports to win the franchise. They're just regrouping and think they'll do better without Jon Bon Jovi, who became a lightning rod for Bills fans opposed to their bid. Despite statements to the contrary, the Toronto group can't shake the conviction of Bills fans that they'll move the team to Toronto if they get control.


The change also comes down to money: Bon Jovi was the leader of the group and would have been the principal owner, requiring him to put up 30 percent of the purchase price. His net worth is about $300 million, which caps the group's highest bid at about $1.1 billion dollars. Sabres owner Terry Pegula is bidding as much as $1.2 billion.


The Post's source says Edward Rogers is very serious about buying the Bills and wants to push the Toronto bid higher.


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