Taro T Posted 2 hours ago Report Posted 2 hours ago 7 minutes ago, Brawndo said: Not thrilled with Pegula selling off ~20% of the team, but guess he has to cover the stadium overruns somehow and "drilling another well" doesn't seem to be on the table. Mainly unhappy with it for what it might mean to the long term picture for the team when TP passes on. Realize the family (Kim or the kids) would still own nearly 80% but no idea how estate taxes might factor into the mix and not sure how much of a stake the new ownership groups would have in keeping the team in Buffalo. Guess worry about that when it comes. But that day will be here sooner than later and after ~20 years of rumors of TO the past decade with no real threat of them leaving has been a nice respite but would really like to have seen the respite last longer. 1 Quote
mjd1001 Posted 1 hour ago Report Posted 1 hour ago (edited) 26 minutes ago, Taro T said: Not thrilled with Pegula selling off ~20% of the team, but guess he has to cover the stadium overruns somehow and "drilling another well" doesn't seem to be on the table. Mainly unhappy with it for what it might mean to the long term picture for the team when TP passes on. Realize the family (Kim or the kids) would still own nearly 80% but no idea how estate taxes might factor into the mix and not sure how much of a stake the new ownership groups would have in keeping the team in Buffalo. Guess worry about that when it comes. But that day will be here sooner than later and after ~20 years of rumors of TO the past decade with no real threat of them leaving has been a nice respite but would really like to have seen the respite last longer. Yeah, the common theme is "but they have a new stadium, they aren't going anywhere". Maybe for a bit, and we aren't worried about the next 5-10 years... But a $2billion dollar stadium in a metro area with 1 million people isn't going to anchor a team here. We already have had $5+ billion dollar stadiums (Sofi) and Allegiant field in Vegas would probably cost $3-$4B today if it was started. If Toronto had an opportunity for a team, I don't think I would put it by anyone to build a $5-$6Billion dollar stadium that would generate the owners and the NFL so much revenue, plus the region has about 5-7 times the population, and probably 20 times the wealth. I'm not trying to start a doom-and-gloom thread here....the hopful scenario is that the team stays in the Pegula family for the next generation. But that new stadium won't do much to keep the team in WNY beyond 10 years past its opening. The good news about the story above is that it says its investors with ties to the STATE of NY (doesn't necessarily mean NY city money). State of NY could be people with ties to upstate/WNY. Edited 1 hour ago by mjd1001 1 Quote
sabremike Posted 37 minutes ago Report Posted 37 minutes ago Um guys, the Bills are NOT the team whose future you should be worrying about. It's the hockey team that is currently the biggest failure of an organization of all time playing in a decrepit shithole of an arena having spent well over a decade poisoning the market so bad it makes Love Canal look pristine by comparison. Quote
Demoted Posted 30 minutes ago Report Posted 30 minutes ago 5 minutes ago, sabremike said: Um guys, the Bills are NOT the team whose future you should be worrying about. It's the hockey team that is currently the biggest failure of an organization of all time playing in a decrepit shithole of an arena having spent well over a decade poisoning the market so bad it makes Love Canal look pristine by comparison. But Adam's is supposedly looking to make a big trade... Quote
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