((HT: WIVB-TV))
To the tune of $1.4-billion...
The Pegulas needed three-quarters majority approval from the other NFL 31 owners plus the Wilson Family Trust. Ralph Wilson Jr. died back in late March and bids were taken in July.
Bidders included Rogers Communications with Jon Bon Jovi as front man, Donald Trump, and the Pegulas.
On September 8, they submitted their final bid. It turned out to be the highest sale price for a team in league history.
The Pegulas also own the Buffalo Sabres and are looking to build a new lakefront development to incorporate a Bills arena, entertainment complex, and hopefully a new football stadium.
Here's part of the wait from New York City
The Pegulas will be using a wire transfer to take care of the sale price.
The funny part is that there is a $25 fee that goes with the money attachment and the Trust can't take checks...
Showing posts with label approval. Show all posts
Showing posts with label approval. Show all posts
Wednesday, October 8, 2014
Wednesday, November 27, 2013
Surprising No One: Braves New Suitors Approve Deal
((HT: 11Alive))
The Braves are moving to the suburbs and this was the next phase in the shoe-horning of the process...
Not really surprising anyone, though...
The Cobb County (GA) Commission approved the deal that has too many holes and too many elements in flux...
But, what the heck...
After it was done, the standard statement was released by the Fulton County Commission Chairman along with Atlanta City Council members, Atlanta Central Progress, and the Atlanta Fulton County Recreational Authority- all aggrieved by the move and disappointed by the proceedings: Ever since our county received the disappointing news that the Atlanta Braves plan to move out of Fulton County at the conclusion of the 2016 season, Fulton County Commissioners and Atlanta City Council members have expressed a desire to keep the team here in Atlanta. Tonight's vote by commissioners in Cobb County agreeing to move ahead with efforts to bring the team there are certainly a disappointment , but political and economic leaders in Fulton County still believe the Braves could and should have a viable future in Atlanta. We understand the team's concerns about economic development in the area surrounding Turner Field. We believe there are still solutions civic and business leaders could pursue in conjunction with the ball club to keep the team as a thriving part of our community. We hope to have a dialogue with the team to make that case. The Atlanta Braves are a proud symbol of a great city and we still hope to keep them in Atlanta.
The traffic issues are still bad BEFORE construction and a move was considered...
So, what now...???
The Braves are moving to the suburbs and this was the next phase in the shoe-horning of the process...
Not really surprising anyone, though...
The Cobb County (GA) Commission approved the deal that has too many holes and too many elements in flux...
But, what the heck...
After it was done, the standard statement was released by the Fulton County Commission Chairman along with Atlanta City Council members, Atlanta Central Progress, and the Atlanta Fulton County Recreational Authority- all aggrieved by the move and disappointed by the proceedings: Ever since our county received the disappointing news that the Atlanta Braves plan to move out of Fulton County at the conclusion of the 2016 season, Fulton County Commissioners and Atlanta City Council members have expressed a desire to keep the team here in Atlanta. Tonight's vote by commissioners in Cobb County agreeing to move ahead with efforts to bring the team there are certainly a disappointment , but political and economic leaders in Fulton County still believe the Braves could and should have a viable future in Atlanta. We understand the team's concerns about economic development in the area surrounding Turner Field. We believe there are still solutions civic and business leaders could pursue in conjunction with the ball club to keep the team as a thriving part of our community. We hope to have a dialogue with the team to make that case. The Atlanta Braves are a proud symbol of a great city and we still hope to keep them in Atlanta.
The traffic issues are still bad BEFORE construction and a move was considered...
So, what now...???
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