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Buffalo Bills sale process hits home stretch with three bidders

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Terry Pegula remains the front-runner to buy the Buffalo Bills as the sale of the team reaches the home stretch.

Timothy T. Ludwig-USA TODAY Sports

John Wawrow of the Associated Press is reporting that three groups bidding on the Buffalo Bills are in the process of preparing final, binding bids in the sale of the team.

Those three bidders: Buffalo Sabres owner Terry Pegula (long perceived as the front-runner); the one and only Donald Trump; and a Toronto-based group fronted by Jon Bon Jovi. These are the same three bidders that have headlined the process throughout; apparently, Morgan Stanley has not been able to generate any more interest in the team.

In fact, former Sabres owner Tom Golisano, who submitted a late initial bid earlier in the process, is apparently not going to be submitting a final bid, per Wawrow's report.

Also of note from Wawrow: the final bidding process is going to remain open so that bidders can improve their bids over time, until a final candidate is chosen. That fact, coupled with extensive background checking on the part of the NFL when the final bid is accepted, and it's sounding like the Bills may have to wait until December, rather than early October, to learn who the new owner will be.