LINKEDINCOMMENTMORE

BUFFALO, NY - The family of Delaware North CEO Jeremy Jacobs will not bid to purchase the Buffalo Bills because of the companies numerous gambling holdings, Two On Your Side's Adam Benigni has learned,

Despite the development, the Jacobs family may take part in the effort to build a new stadium for the football, according to a source.

2 On Your Side's Adam Benigni reached out to Delaware North on Thursday, the company said it did not have a comment at this time.

The news comes one day after three sources told Benigni that Buffalo Sabres owner Terry Pegula is preparing a bid for the Bills.

Sabres spokesperson Mike Gilbert would neither confirm nor deny the information, saying only there is nothing to report.

Read or Share this story: http://on.wgrz.com/1pTIJ7V