NFL teams
Tom Carpenter, ESPN Staff Writer 10y

Bon Jovi's Bills bid living on a prayer?

It appears that the Jon Bon Jovi-led group that is interested in buying the Buffalo Bills are all but out of the mix at this point. John Kryk of QMI Agency quoted a source who said, "They're hanging on by the skin of their teeth. The bid's on life support."

Kryk went on to note that, "Jon Bon Jovi and his Toronto backers are reassessing whether even to continue in their pursuit of the Buffalo Bills, QMI Agency has learned.

"Their bid has been on the rocks for weeks and no one within the group is optimistic they'll wind up buying the NFL team, according to two sources in the position to know.

"The group cancelled a scheduled tour of Ralph Wilson Stadium on Wednesday."

Per Kryk, the group lacks bidding power and still hasn't convinced anyone that they would not try to move the Bills north of the border.

The other other known finalists who have submitted bids are Terry Pegula and Donald Trump.

Per Forbes Magazine, Bon Jovi's group gave the second-highest first-round, non-binding bid at $820 million. Buffalo Sabres owner Terry Pegula led the way at $890 million. Trump came in at $809 million.

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