Rocker Bon Jovi and his Toronto associates are officially in the mix to buy the Buffalo Bills, according to a report Monday in the Toronto Sun.
The Sun quoted unidentified sources saying the Toronto group was told over the weekend that its new bid for the team was accepted.
Bon Jovi is the group leader, along with Larry Tanenbaum, chairman of Maple Leaf Sports and Entertainment, and the Rogers family of the Rogers Communications empire.
The group was allowed to rebid after reports suggested its initial offer July 29 was insufficient because it was “uncompetitively low” and failed to make the required assurances that the team would remain in Western New York for the long haul, according to the Sun report.
The report said the Toronto group initially bid less than $900 million for the team – much less than the reported $1.3 billion offered by Buffalo Sabres owner Terry Pegula.
The Toronto group is now in final competition to own the team along with Pegula and Donald Trump, whose offers were already accepted. Former Sabres owner B. Thomas Golisano and as many as four other groups were also believed to not be out of contention despite the fact the bidding deadline was nearly two weeks ago.