Forbes: Buffalo Bills valued at $909 million
by Brian Galliford on Sep 2, 2009 7:59 PM EDT
in Buffalo Bills News
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PrintIn its annual release of NFL team valuations, Forbes lists the Buffalo Bills as worth an estimated $909 million, the seventh-lowest valued team in the league. The Oakland Raiders, worth approximately $797 million, are valued lowest, with the Dallas Cowboys ($1.65 billion) pacing the NFL.
However, the Bills did a roaring trade over the past year, as they paced the league along with three other franchises - New England, Tampa Bay and San Diego - in highest one-year value percentage increase, growing their worth by three percent. Once again, Oakland brought up the rear in this category, watching their value drop by seven percent.
Other Forbes figures: the Bills pulled in $222 million in revenue last year, the eighth-lowest total in the league (Washington was the highest at $345 million; Detroit the lowest, at $208 million). Due to the team's wise frugality, however, the Bills were No. 12 in the league in operating income ($39.5 million). Buffalo was middle of the pack (No. 15 from the low end) in debt-to-value ratio (14%).
Buffalo's Hall of Fame owner, Ralph C. Wilson, Jr., will turn 91 this coming October 17. Buffalo is entering the second year of a five-year commitment known as the "Bills in Toronto Series," a move lauded by experts for its regionalization of the team and nerve-racking for a fan base paranoid of losing its NFL franchise.
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Prediction for the most-asked question in this post: “How the [insert punctuation-disguised swear word] is Jim Kelly going to come up with $909 million?!”
Buffalo Rumblings. On Twitter.
"You miss 100% of the shots you don't take. --Wayne Grezky" --Michael Scott
But he wouldn’t be acting alone. Rumors run rampant that he, Thurman, Marino, and someone else have been turning the roux, if you will. I thought it was believed this was why Thurman moved back to Buffalo, too.
Twitter: helping to make anti-social people anti-socially social.
by TheAfghanTwilight on Sep 3, 2009 7:18 AM EDT up reply actions
If you're serious...
Mr. Dan Marino.
Twitter: helping to make anti-social people anti-socially social.
by TheAfghanTwilight on Sep 3, 2009 10:14 AM EDT up reply actions
well it’s not just $909 million – highest bidder – so that could be 1.xx billion……
I am so clever that sometimes I don’t understand a single word of what I am saying
by J2 on Sep 3, 2009 8:32 AM EDT up reply actions
after thinking about it. It is possible (if highly unlikely – but just putting it out there) that Golisano could work out a contract with Kelly or whoever. Golisano wouldn’t be an owner per se – but he could fund Kelly’s purchase and get the verbage correct in the contract to allow that.
but Golisano would be in control of both franchises – which after hearing his interview before the last game with Vic Carucci – it wouldn’t bother me none. He’s got a good head on his shoulders regardless of what people think of him.
I am so clever that sometimes I don’t understand a single word of what I am saying
by J2 on Sep 3, 2009 9:06 AM EDT up reply actions
Golisano as lender probably works, just as long as it’s allowable.
Twitter: helping to make anti-social people anti-socially social.
by TheAfghanTwilight on Sep 3, 2009 10:16 AM EDT up reply actions
How the [insert punctuation-disguised swear word] is Jim Kelly going to come up with $909 million?
"When troops flee, are insubordinate, collapse, or are routed in battle, it is the fault of the general." – Sun Tzu. Yes Jauron, I am talking to you.
How the [insert punctuation-disguised swear word] is Jim Kelly going to come up with $909 million?!
Delightfully Ignoring The Truth since 1995.
by NeverendingOptimism on Sep 2, 2009 8:30 PM EDT reply actions
Wow. We have two “that guy”s. Not including thatguy.
Buffalo Rumblings. On Twitter.
"You miss 100% of the shots you don't take. --Wayne Grezky" --Michael Scott
by Brian Galliford on Sep 2, 2009 8:32 PM EDT up reply actions
You miss 100% of the shots you don't take. --Wayne Grezky"
Had to take the shot :-)
"When troops flee, are insubordinate, collapse, or are routed in battle, it is the fault of the general." – Sun Tzu. Yes Jauron, I am talking to you.
How the[insert punctuation-disguised swear word] am I going to come with $909 million?
I can’t even afford to pay attention!
Why do today, when it can wait til tomorrow; the games on!
Considering...
…the amount of revenue an NFL team, specifically our Bills who make 222mil, and our low debt % (14), it could be conceivable that a small conglomerate of investors/buyers (Jim Kelly or not) could get a hold of the team with some loan money as well. I or anyone could speculate on where such loan money may come from, or how much would be needed, but I do believe it is well within the realm of possibility that the right people could get together to buy the Buffalo Bills and keep them in Buffalo.
It will be VERY interesting when it all goes down
The Bills CAN win any game
Buying a franchise using debt can be a pretty daunting enterprise
If someone had to pay $909 million and they spent all of their $39.5 million in operating income on interest expense, and if they could get someone to loan them money at the bargain rate of 6%, the buyer would have to put up about $250 million and borrow the remaining $659 million. Of course, the buyer might then be able to move the team to San Antonio, increase the revenue stream and operating income, then sell the thing for $1.2 billion, and pocket a pretty tidy return.
I wonder if Forbes factors in team portability when they figure out the value of NFL franchises.
by Gino Parilli on Sep 2, 2009 11:23 PM EDT up reply actions
Quite impressive for a small market team in a struggling area that hasn’t won in a decade. At least someone is doing their job!!
Imagine if we didn’t waste so much on bloated contracts for average players or were a consistent winner?!?!
~K
"As the governor of Louisiana once said, the only way Chris Kelsay can lose his job is if he got caught in bed with a dead girl or a live boy."
by Kurupt on Sep 2, 2009 10:18 PM EDT via mobile reply actions
"How the [insert punctuation-disguised swear word] can I get MY hands on 909 million?!"
At least then the Bills would have a real fighting chance!
(443): My mom came into my room and told me to flip off the tv. I gave it the middle finger. Note to self: STOP SMOKING THIS S#!T
-textsfromlastnight.com
"How the [insert punctuation-disguised swear word] can I get MY hands on 909 million?!"
Well Man Utd came top in the world with a value of $1.87 billion, and, to make this fact slightly relevant, the Glazers managed to borrow about $1 billion when they bought the team.
Getting the money together to buy the Bills probably wouldn’t be that difficult, Banks are willing to lend that sort of money because they will have the team as security if things go tits up.
"When Manchester United are at their best I am close to orgasm!" Gianluca Vialli
"I wouldn't ever set out to hurt anyone deliberately unless it was, you know, important - like a league game or something." Dick Butkus
Pretty sweet that Jeremy White of WGR read this report essentially word-for-word on the air this morning. :P
Buffalo Rumblings. On Twitter.
"You miss 100% of the shots you don't take. --Wayne Grezky" --Michael Scott
He better have credited you!
~K
"As the governor of Louisiana once said, the only way Chris Kelsay can lose his job is if he got caught in bed with a dead girl or a live boy."
I’m not sure if he did. No big deal if he didn’t – I literally did zero work. This is Forbes, after all.
Buffalo Rumblings. On Twitter.
"You miss 100% of the shots you don't take. --Wayne Grezky" --Michael Scott
by Brian Galliford on Sep 3, 2009 10:24 AM EDT up reply actions
Gotta love it Brian, and it’s certainly well-deserved as you – along with the rest of the editors on Buffalo Rumblings – clearly put a lot of work and thought into making this webpage a terrific one to find Bills-news. Kudos to you all
by BillsfanfromDenmark on Sep 3, 2009 8:49 AM EDT reply actions
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