What's next in Bills sale process?

Buffalo Bills strong safety Da'Norris Searcy runs the ball in for a touchdown after an interception...

Buffalo Bills strong safety Da'Norris Searcy runs the ball in for a touchdown after an interception during NFL action against the New York Jets at Ralph Wilson Stadium in Orchard Park, N.Y. last November. (Timothy T. Ludwig/USA TODAY Sports/Files)

JOHN KRYK, QMI Agency

, Last Updated: 4:32 PM ET

Now that the Buffalo Bills have named an investment bank and law firm to handle the sale of the NFL club, what now?

On Wednesday the team announced it has chosen Morgan Stanley and Proskauer Rose, respectively, to run the sale.

Directing that "transaction team" will be the unnamed trustees of the late Ralph Wilson's estate, reported to be his widow Mary, his niece and Bills executive-VP Mary Owen, Bills CFO Jeff Littman and another lawyer.

On Tuesday at the NFL spring meeting in Atlanta, Bills CEO and president Russ Brandon declined to name the trustees.

In the short term, then, what's next?

Who might bid?

What kind of bidder is likeliest to get the team?

What can be gleaned from the naming of Morgan Stanley and Proskauer Rose?

And is a sale still possible this summer, or at least by the end of September?

After consulting with sports-franchise relocation experts, league sources and others, here's what QMI Agency has learned.


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