Morgan Stanley and Buffalo Bills

Buffalo Bills: Investors looking to buy the Buffalo Bills had until 5 p.m. to submit initial, non-binding bids to investment banking firm Morgan Stanley and law firm Proskauer Rose, which are handling the sale of the team for the estate of former owner Ralph Wilson. Wilson died in March, according to The Toronto Star, Canada. Anyone moving the Bills from Buffalo before their lease expires in 2022 would be hit with $400 million in penalties although theres a $28 million escape clause after the 2019 season . But the involvement of Rogers and Tanenbaum and a report earlier this week that their bid group had explored Toronto-area stadium sites gives hope to NFL fans in this city and A bidding war which could see an NFL franchise land in Toronto kicked into high gear Tuesday. Among the bidders expected to drive the price of the Bills over the $1 billion U.S. mark is a group featuring Larry Tanenbaum, chairman of Maple Leaf Sports and Entertainment, Edward Rogers, deputy chairman of Rogers Communications and rocker Jon Bon Jovi. Through spokespeople, Tanenbaum, Rogers and Bon Jovi all declined to comment. (news.financializer.com). As reported in the news.