Toronto group advances to final phase of Bills sale

Buffalo Bills wide receiver Marquise Goodwin (88) celebrates his second half touchdown against the...

Buffalo Bills wide receiver Marquise Goodwin (88) celebrates his second half touchdown against the New York Jets at Ralph Wilson Stadium in this 2013 file photo. (Timothy T. Ludwig-USA TODAY Sports)

JOHN KRYK, QMI Agency

, Last Updated: 3:08 PM ET

After almost two weeks either on the outs or in limbo, the Bon Jovi/Toronto bid group has been advised it is a finalist in the Buffalo Bills sale, QMI Agency learned Monday morning.

The group is scheduled to meet with the seller and its transaction team on Tuesday in Manhattan.

Over the weekend the Toronto group finally was informed its rebid had been accepted, sources say.

Comprising rocker Jon Bon Jovi, MLSE chairman Larry Tanenbaum and the Rogers family, the group last Tuesday had resubmitted its first-round, non-binding bid for the NFL club. The Bills are for sale following the death in March of founding owner Ralph Wilson.

Morgan Stanley, the investment bank conducting the sale for Wilson's trust, previously had rejected the Toronto trio's initial non-binding bid -- for two reasons.

 


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