Morgan Stanley To Help With Buffalo Bills Sale
Orchard Park, NY?As previously announced, a process is being established for the sale of the Buffalo Bills franchise. The Buffalo Bills today announce that Morgan Stanley has been retained to serve as financial advisor and Proskauer Rose has been engaged to serve as legal advisor during the sale process.
This sale process will be designed to ensure that the club continues to comply with, and remains faithful to, its obligations under the NFL?s rules and regulations as well as its obligations to New York State and Erie County pursuant to the Ralph Wilson Stadium lease.
It is anticipated that the transaction team will begin contacting prospective buyers within the next 30 days.
Bills President and CEO Russ Brandon said, ?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.?
Source: Buffalo Bills Media