ESPN’s Sal Paolantonio reported that the Buffalo Bills could fetch at least $1.1 billion when the biding has completed.
The team is expected to be sold later this year, but there should be no shortage of suitors for the NFL franchise, even at that amount of money.
Forbes has the Bills valued at $870 million based on their figures from last year, but the Los Angeles Clippers and the Milwaukee Bucks have both exceeded their Forbes valuations in recent sales, so it wouldn’t be a shock to see the Bills do so as well.
There is, of course, still a chance that new owners could relocate the franchise in the coming years. However, Paolantonio doesn’t see this happening.
“I don’t think the team’s moving,” Paolantonio told WGR 550 on Monday. “I would stake my professional reputation on it. I think people in ownership want to see the team stay here. I think they want to continue the legacy of Ralph Wilson. I think Roger Goodell is convinced.”
The Toronto Sun reported over the weekend that the group led by Jon Bon Jovi has been telling people that they have no intention of relocating the franchise out of Buffalo.
It’s doubtful that an interested party would come out and say they plan to relocate the franchise to a new city like Los Angeles and London.
The Bills’ lease includes a one-time out that reduce the penalty for moving from $400 million to $28.4 million, so we’ll have to see how talks regarding a new stadium progress after the team is sold.