Banker Howard Milstein pulls out of Bills sweepstakes

The Buffalo Bills will likely go on sale within the next month or so following the death of...

The Buffalo Bills will likely go on sale within the next month or so following the death of founding owner Ralph Wilson in March. (Jack Boland/QMI Agency/Files)

JOHN KRYK, QMI Agency

, Last Updated: 8:12 PM ET

The first high-profile withdrawal from the Buffalo Bills sweepstakes occurred Monday.

Deep-pocketed developer and banker Howard Milstein announced in a news release that he won't be "participating in the sales process or making a bid" to buy the NFL franchise, as had been reported.

But he's open to providing the land for a new stadium in Niagara Falls, N.Y.

The Bills will likely go on sale within the next month or so following the death of founding owner Ralph Wilson in March.

Milstein, former part-owner of the NHL's New York Islanders, unsuccessfully bid for the Washington Redskins in the late 1990s after the death of Canadian owner Jack Kent Cooke.

Based in New York City, Milstein's ties to Western New York include owning a 142-acre parcel of developable land in Niagara Falls, adjacent to Seneca Niagara Casino, thus just blocks from the falls.


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