- In 2014, Donald Trump lost to Terry Pegula in the bidding for the Buffalo Bills.
- A new report says Trump secretly backed a grassroots campaign to smear Jon Bon Jovi in the Buffalo area.
- The efforts of the group seemed to work but other factors kept it from helping Trump win the bidding.
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Report says Trump backed a bizarre grassroots campaign to smear Jon Bon Jovi
The efforts of the group seemed to work but other factors kept it from helping Trump win the bidding.
In 2014, Terry Pegula, the owner of the Buffalo Sabres, agreed to buy the Buffalo Bills for an NFL-record price, $1.4 billion. But a new report suggests the more interesting — and perplexing — fight was behind the scenes between the other two bidders, Jon Bon Jovi and Donald Trump.
According to a story in GQ by Ben Schreckinger, Trump secretly backed a grassroots campaign to turn the people of Buffalo against Bon Jovi's group, which included investors from Canada, in an effort to "scare them off."
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In order for Bon Jovi to have been considered the principal owner, NFL rules stated that he had to contribute at least 30% of the sale price in cash. According to the Toronto Sun, Bon Jovi had an approximate net worth of $500 million at the time. In order for the group to increase their bid to $1.4 billion, Bon Jovi would have needed to contribute $420 million of his own money. It was unlikely that the group would be able to top their bid without pushing Bon Jovi to the background.
As for Trump, he seemed unlikely to up his bid.
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