Jon Bon Jovi has reportedly been dropped by the Toronto-based investment group he partnered with to bid on the Buffalo Bills, sources told the New York Post, because they felt they had a better chance of gaining control of the team without him.
The rocker has made headlines several times in recent months with his interest in the NFL team, with fans upset that he would take over and move the Bills to Toronto. Even though the team has a strict clause in their contract that keeps them playing at Ralph Wilson stadium through 2019, Bills fans took to social media recently to vent their frustrations about a possible move. Team President Russ Brandon issued a statement saying it was in everyone's best interest to keep the team where it's always been.
“Everyone is motivated to keep this franchise viable here for generations to come,” Brandon said.
Because Bon Jovi would have been the lead investor in the group, his share would have to be about 30% of the purchase price. With a net worth of $300 million, he would have been limited in bids while the other investors are willing to go higher.
Final bids from each potential investor are due this week, with Donald Trump still in the running. Still on board in Bon Jovi's former group are Larry Tanenbaum, who is chairman of Maple Leaf Sports & Entertainment, and Edward Rogers, a Rogers Communications chairman.