Report: Kelly Looking to Team up with Bidder; Propsective Canadian Bidders Added to Mix
Buffalo, NY (WBEN/AP) - Jim Kelly is reportedly looking to team up with a larger group pursuing the Bills.
The Buffalo News reports Jim Kelly and Double Line Capital CEO Jeff Gundlach met with the Bills trust.
However, those sources say Kelly and Gundlach may not have enough cash to be the high bidder, so they're looking to join a larger party.
Last month at his youth football camp, Kelly said he was keeping his options open.
"I don't want to team up with just one person right now, I'd be stupid to. I don't know who's going to get it. I don't have the money to buy the Bills," Kelly said. "There's a number of people that have approached us about my role and what I would do. I know what I want to do but that will be said down the road a little bit later."
There are also two reported Canadian-based groups who have explored buying the Bills. The Aquilini Group, whose family owns the NHL's Vancouver Canucks, and John Bitove, the founder of the NBA's Toronto Raptors and president of the Toronto 2008 Olympics bid signed non-disclosure agreements, according to the Buffalo News. No word on if either will have a meeting with the Wilson trust.
Presentations began Wednesday when Donald Trump met with the Bills trust, and other meetings are scheduled with Terry Pegula and the Toronto group led by Jon Bon Jovi.
During the meetings, prospective buyers receive extensive financial and background information on the franchise.
Bids are expected to be submitted within three weeks.
A prospective owner is expected to be identified by the end of next month, and then presented to NFL owners for approval at league meetings in New York in October.
Bills president Russ Brandon is involved in making the presentations on behalf of Morgan Stanley, the banking firm hired by Wilson's estate to oversee the sale.