Internal emails from investment bankers at Morgan Stanley reveal that Donald Trump's bid to buy the Buffalo Bills in 2014 was doubted by the NFL, but encouraged to stay in the running. Trump offered $1 billion cash for the team, but the NHL's Buffalo Sabres owners ultimately bought the Bills for $1.4 billion.
When Donald Trump tried to buy the Buffalo Bills in 2014, investment bankers doubted the NFL would allow it but encouraged him to stay in the running, according to internal emails aired at the former president’s civil fraud trial.
Buffalo Bills quarterback Josh Allen scrambles in front of Tampa Bay Buccaneers on the way to a touchdown in Orchard Park, New York, last week.Three months later, Trump offered $US1 billion cash for the Bills, becoming one of three known finalists seeking to buy the team after the death of founder and Hall of Fame owner Ralph Wilson. The owners of the NHL’s Buffalo Sabres, Terry and Kim Pegula, ultimately bought the Bills for $US1.4 billion.
Former President Donald Trump prepares to throw a football to the crowd in Iowa State University in September.Trump owned the USFL’s New Jersey Generals and led the upstart league to sue the NFL in the mid-1980s, alleging its established rivals had monopolised professional football. The USFL achieved a Pyrrhic victory, with a jury awarding just $US1 in damages – multiplied to $US3 via court rules and totaling $US3.76 with interest once upheld by the US Supreme Court.
“There’s nobody more serious than Donald Trump,” Cohen said in an interview with The Associated Press in 2014. Two months later, Trump hadn’t provided his financial documents, and his bid wasn’t the highest. Still, the bankers prepared talking points that told him his bid was below several others, but “you could prevail if during the diligence process you can move up in value”.
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Trump's Attempt to Buy Buffalo Bills Revealed in Internal EmailsInternal emails from investment bankers at Morgan Stanley reveal that Donald Trump's bid to buy the Buffalo Bills in 2014 was doubted by the NFL, but encouraged to stay in the running. Trump offered $1 billion cash for the team, but the NHL's Buffalo Sabres owners ultimately bought the Bills for $1.4 billion.
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