Jul 25, 2014
By Jane Brown
Zoomer rocker Jon Bon Jovi appears to be pursuing his dream of buying NFL’s Buffalo Bills franchise and building a stadium in Toronto. A person close to the situation told The Associated Press, that a Buffalo Bills prospective ownership group which includes Jon Bon Jovi has conducted a feasibility study identifying three potential stadium sites; two in Toronto, including one on the waterfront, and another in the suburb of Mississauga. The person spoke to the AP on condition of anonymity because Bon Jovi and his partners, Larry Tanenbaum and the Rogers family, have not publicly revealed details of their plans to purchase the team.
The Bills are being sold following the death of Hall of Fame owner Ralph Wilson in March. Under terms of the team’s lease with the state and county, the Bills – including Wilson’s estate – are not allowed to negotiate with anyone, who to their knowledge, has an intention of relocating the team before the end of the 2022 season, when the lease ends.
The Bon Jovi group has not said they would relocate the team, but Erie County Executive Mark Poloncarz told the AP on Wednesday he has no doubt the group’s intentions are to move the Bills to Toronto.
The Bills most recently were valued by Forbes at $870-million. The team is expected to be sold for at least $1-billion, partly because NFL teams rarely go on the market.
There is speculation a prospective owner could be identified by as early as late August, and be presented to NFL owners for approval during league meetings in early October.