Goodell: Welcome Back Peters! said 02/12, 12:12 PM
For those who dont know, Brian Higgins, a senator from New York, sent a letter to Goodell asking the NFL for special permision. That permission would be for the Bills to be a public entity like the Packers. The problem is the Packers were owned by the public before the rule change.
Higgins proposes either full community ownership or a hybrid in which one party might hold 51 per cent of shares with the other 49 in the community.Minority shareholders would be allowed to vote on franchise relocation, with 70 per cent, say, needed to make such a move.
But here is the good news...Rochester Billionare Tom Golisano, who also owns the Sabers, has been rumored as a suitor. It is also said the Jim Kelly has found enough financial backers to meet any Toronto buy out "wallet to wallet"
Bottom line is this....When Ralph passes, the NFL should atleast let the fans and Western New York faithful have a say so in the future of the franchise they grew up with, thier parents grew up with, and thier kids WILL grow up with
Oso's back-Sort of said 02/12, 12:36 PM
The logistics in having a publicly held multi-million dollar sports franchise would be extremely difficult.
Allowing a team to be bought in part or whole by a community opens the door for national and international investors to buy into the franchise.
Once a mogul had a foothold, who is to say that there is no way for this person to make a bid for the entire franchise and sell it off to California or Toronto?
Also the purchase of a franchise now by the community/public shareholders would pose a problem. As in order to even have such a proposal considered, any interested buyers in the franchise would have to assemble their assets to prove that there would be enough minority buyers to back a purchase by Kelly or Golisano.
Of course, if Kelly and Golisano have the $ available to make a bid without altering NFL practices, then there is no real need to make the franchise a publicly held entity, especially if there were concerns of having the team moved. The NFL has sufficient say in a franchise's mobility.
Goodell: Welcome Back Peters! said 02/12, 12:57 PM
Golisano has stated he would do whatever he could to keep the Bills in Buffalo. The same Golisano that saved a Sabers franchise from the relocation rumor mill....
Kelly is adamant about the Bills staying as well...He was the one I quoted about the "wallet to wallet" comment
If Golisano, Kelly and company can come up with the 51%, Im sure the fans of WNY will be more then happy to fork over the remaining money. Or if Kelly would represent the community, he could be the figure head of the franshise. Kinda like Lemuix with the Pens....
Im not 100% that any of this will work. I still got my fingers crossed that
Im not saying that this will work. Just cause it works in GB doesnt mean anything. What I am saying is the fans of WNY DESERVE the chance to have a say so in the future of thier beloved franchise. As bad as the bills have been, they still sell out games. They still get national media coverage from MNF and SNF
Goodell also has deep WNY ties considering he went to highschool in Erie Pa and has family in Buffalo..Maybe we can get some nepitizm(SP?)
Oso's back-Sort of said 02/12, 02:31 PM
You concede that making the Bills publicly owned would not necessarily work. There is no compelling reason to have the NFL change it's practice of having current privately held franchises just to keep the Bills in Buffalo.
The NFL has enough controlling interest in where teams play and whether or not the are able to move, as was the case when Benson floated rumors of moving the Saints out of New Orleans.
If private owners such as Kelly and Golisano cannot come up with the capital or investors to buy the franchise outright, how will the hard working people of Western New York put up enough of their hard earned money to get 51% of the team?
If there is a group of citizens who could pony up the cash, what legal right do they have over private citizens to gather together to buy a franchise? The legal ramifications open the NFL up to further probing by Congress into the nebulous anti-trust exemptions enjoyed by the league.
Bills fans do deserve to keep their franchise in Buffalo. However, making the team publicly held would not work, and it would not be the best way to keep the team in Buffalo. Let Kelly and/or Golisano make a bid for the team.
Goodell: Welcome Back Peters! said 02/12, 03:27 PM
"If private owners such as Kelly and Golisano cannot come up with the capital or investors to buy the franchise outright, how will the hard working people of Western New York put up enough of their hard earned money to get 51% of the team? "
Let me answer that question for you. Here are a couple different ways it will work
1) Kelly and Golisano buy the Bills outright in a partner ship
2) Kelly ,Golisano AND the Fans make up the 49% MINORITY. Remember, inorder to mover the team, there has to be 70% of the minority in favor. That 70% would never happen
3) Kelly and Golisano are the MAJORITY owners with Toronto financing as the 49%. Keep playing 1 game a year in Toronto to tap into the wealth. Maybe even a SB in the next 20 years....
4) Golisano can buy the Bills outright
There are 4 completely realistic scenarios that can happen. The best bet to happen is #2 or #3 im my opinion. Golisano would not have to invest the kinda money he would other wise. Kelly and his backers wont have to come up with as much, niether will the fans. Both Buffalo and Toronto would benifet from it. There are also rumors of a new Lake Front Stadium in Buffalo. If you build it, they will stay
Oso's back-Sort of said 02/12, 10:50 PM
Taking a team public, and having the season ticket holders buy the team, it is untenable. There is little way for the fan base to mortgage their houses and drain their life savings to get even a minority interest in the Bills.
Green Bay went this way in a time when franchises did not have the same exorbitant values. Start up fees for a team back then were in the hundreds. Now we're talking hundreds of millions for a buyout.
There is more stability in having a local hero like Kelly gather a group of private investors to keep the Bills in Buffalo. You know what you're getting with him as an owner.
In the public sale scenario you can have a few wealthy bidders got a majority share of the team in a public buyout of the team, then there is greater chance for turmoil within the franchise infrastructure. Imagine if several guys like Snyder took over the Bills by virtue of having purchased 51% of the team.
Changing league policy for one team will also open a can of worms for the NFL which is already under scrutiny for Spygate. This would be just one more excuse for Specter and Congress to rattle their sabers and bring up anti-trust laws.
Comments (32)
I'm up for getting a good whuppin' by you Goodell. At the very least I can assure you a better argument than Take 1.
Oso's back-Sort of | 02/12/08, 12:18 PM
Report Offensive CommentThank Oso...Thank you so very much....
Goodell: Welcome Back Peters! | 02/12/08, 12:21 PM
Report Offensive CommentI'm going to be heading out in 1/2 hour. But I'll check in later to submit my argument in round 2.
Oso's back-Sort of | 02/12/08, 12:37 PM
Report Offensive CommentGood arguments so far. I'll hold my vote, but I am leading towards Goodell.
Bigdleech | 02/12/08, 12:46 PM
Report Offensive CommentSame here bigd.
rstowe - The NMI Emperor | 02/12/08, 12:47 PM
Report Offensive CommentGood arguments by both indeed. Goodell I can't believe that Kelly would be able to find enough financial backers to match what is going to be a ginormous offer from Rogers co. I mean they offered 1 Billion for the Saints a few years back, and It wouldn't surprise me if the number for the Bills is in the same ballpark.
This is Rogers co. only chance to secure an NFL team (expansion won't happen) so expect them to pay through the nose for it.
Bentley00 - Welcome Schenner | 02/12/08, 01:05 PM
Report Offensive CommentInteresting TD....will hold off on voting for now though.
PackBrew42 is Truffle Shufflin | 02/12/08, 01:26 PM
Report Offensive CommentWow. First time I've had a TD hit the front page.
Oso's back-Sort of | 02/12/08, 01:46 PM
Report Offensive Commentboy, this stie seems dead today, good td here, different
Frank Pentangelli is READY | 02/12/08, 02:48 PM
Report Offensive CommentLOL......@ Tony
Done..I like the Throw back Unis anyways...The all white helmet with the lone red buffalo are classic
Goodell: Welcome Back Peters! | 02/12/08, 03:52 PM
Report Offensive CommentSeriously though...Could you imagine playing IN Buffalo, IN Januray, ON Lake Erie??? Holy Shcnikes there would be ALOT more snow then there is in Ochard Park.
Goodell: Welcome Back Peters! | 02/12/08, 04:08 PM
Report Offensive CommentSorry, I'm not knowledgeable in the Bills ownership, but when Ralph Wilson passes, wouldn't his family get the team? Have they shown any interest in selling it? I would think the Wilsons have had their roots in Buffalo long enough that they wouldn't move the team, but I could be wrong. I mean, the Bills are essentially the Wellington-Mara family of the AFC, right?
PackBrew42 is Truffle Shufflin | 02/12/08, 04:14 PM
Report Offensive CommentRalph has NOT put the team in his will. It would almost be up for grabs...ALMOST
Goodell: Welcome Back Peters! | 02/12/08, 04:16 PM
Report Offensive CommentNot in his will? He crazy?
Either way, if it isn't in his will, wouldn't it go to probate? Been awhile since my b-law classes but I forget what happens in probate.
PackBrew42 is Truffle Shufflin | 02/12/08, 04:18 PM
Report Offensive Commentnow your over my head Packbrew....Those kinda of things I pay some guy that drives a Porcshe to answer
Goodell: Welcome Back Peters! | 02/12/08, 04:41 PM
Report Offensive CommentGood argument guys.Close,but my vote gos to Goodell
(Cincy) Eddie Vedder | 02/12/08, 04:43 PM
Report Offensive CommentThe Bills ARE in Wilson's estate, but his daughters do not want the team and will it sell off.
Swayze Bandwagon Fan *BBF | 02/12/08, 04:59 PM
Report Offensive CommentMaybe they'll sell it to me....I got like, $50 bucks in my wallet.
PackBrew42 is Truffle Shufflin | 02/12/08, 05:10 PM
Report Offensive CommentWould be kinda neat if the state of NY convinced the family to sell the team to them. Talk about a nice revenue generator for the state...probably against the NFL rules but would be kinda neat.
PackBrew42 is Truffle Shufflin | 02/12/08, 05:12 PM
Report Offensive CommentOso makes too good of a point that public ownership would infringe with their anti trust agreement.
Buffalo makes plenty of money for the owner of The Bills now, they should be able to support an NFL team or risk losing them. Just like everyone else.
Why does Buffalo always get dragged into these questions of relocation? This franchise is probably better off than Jacksonville, Cincinatti, New Orleans etc. LA has gained and lost two franchises over the past 30 yrs, yet Buffalo is considered a weak town to support football. Why is that?
Swayze Bandwagon Fan *BBF | 02/12/08, 05:13 PM
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