BUFFALO, N.Y. - Tuesday is a big day for potential new owners of the Buffalo Bills. Prospective buyers will submit what is called an indication of interest document to continue on in the process. The document will contain an initial, non-binding bid from the interested party.
From there, the Bills' trust will analyze the field and select a certain number of those initial bids. Those groups, or bidders, will then be able to gain access to more information about the team and move forward in the process.
Sports business expert and analyst Marc Ganis of the Chicago-based firm, Sportscorp, says this is a process which allows for the Bills to gain more access to the bidders' financials as well. He says at the end of the day, the Trust will make their decision based on who is the "best top bid".
"You will typically whittle the groups down to those that you think are the most serious, have the greatest ability and are going to pay the highest the highest price. And that last is really important."
In the meantime, despite prospective bidders having to sign a non-disclosure agreement, one of them did make comments about the process last night. New York City billionaire Donald Trump was on Fox News Monday night. Trump told Greta Van Sustern "I'll be bidding. Many people will be bidding. I would say my chances are very, very unlikely because I'm not going to do something totally stupid. Maybe just a little stupid, but not totally stupid."
Trump, Sabres owner Terry Pegula, former Sabres owner Tom Golisano and rocker Jon Bon Jovi's Toronto-based group are just some of the groups or individuals connected to possible bids for the team.
Matt Sabuda, founder of the Buffalo Fan Alliance, a group dedicated to keeping the team here, looked upon Tuesday as a day of both excitement and nervous apprehension.
"Sure it's exciting," Sabuda told WGRZ-TV. "It's exciting to the extent of getting the process over with, to hopefully secure this team in Buffalo for generations....but the apparent threats to the team and potential groups that are interested in relocating are well know as well."
But his nervousness about that is buffered by the involvement of, among others, U.S. Senator Chuck Schumer, who says he's met with several potential bidders, none of whom he would name.
"There's a good number of them who are committed to keeping the Bills in Buffalo...obviously a verbal commitment isn't good enough though," Schumer told Channel 2, in stating he would use any influence he might have to keep the team in Western New York. "I think I've helped the NFL in a whole lot of ways and I think they want me to be happy with the outcome and I'll only be happy if the Bills are committed here for a generation,"
However, Ganis predicts the difference in the end will be money.
"Think of it in terms of somebody who sells their house," he explained. "Most people might feel they want to sell it to someone who will appreciate all the work you put into it. But ultimately it comes down to price and the ability to pay it...that's generally what this is likely to come down to as well," he said.