NY Post: Bon Jovi Out of Toronto Group Bidding for Bills

BUFFALO, N.Y. - Social media outlets were all atwitter Friday night thanks to an unsourced report by the New York Post that the NFL team-craving rock star has lost the financial backing he needed to make a credible bid for the Buffalo Bills.

Unnamed sources "close to the situation" say Bon Jovi is no longer affiliated with the Toronto-based investment group also consisting of Maple Leaf Sports & Entertainment chairman Larry Tanenbaum and Rogers Communications chairman Edward Rogers that is interested in purchasing the franchise.

The article states that Bon Jovi hasn't got enough capital on his own to be lead bidder and principal owner of the team. According to NFL rules, he would have to come up with 30 percent of the purchase price. The Toronto-based group needs more wealth to lead its bid in order to compete with deep-pocketed rival Terry Pegula, the energy industry magnate and owner of the Buffalo Sabres. Without Bon Jovi, Tanenbaum and Rogers are able to make a larger bid.

There has been no independent confirmation of the New York Post report yet.

Watch the video player above to see Maryalice Demler and Jonah Javad talk about what this reported development means for the future of the Bills.


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