Bills hire advisors, will contact potential buyers within month
The next step of the sale process is here for the Buffalo Bills.
The team announced on Wednesday that they've hired both a team of advisors to help vet prospective new owners in compliance with the National Football League. The Bills will use Morgan Stanley as their financial advisor and Proskauer Rose as their legal advisement.
“We are pleased to have been able to assemble, as our transaction team, two experienced and talented firms in the specialized field of sports mergers and acquisitions, Morgan Stanley and Proskauer Rose, to be involved in our sale process," said Team President and CEO Russ Brandon via email release.
The financial and legal advisors will help uphold the team's obligations to not only the NFL's rules and regulations for selling a franchise, but also to New York State and Erie County with respect to the 10-year lease hatched for Ralph Wilson Stadium just last year.
According to the email release, it is "anticipated" that Morgan Stanley and Proskauer Rose will begin contacting prospective buyers within the next 30 days.
**Photo courtesy of the AP