The owners of NHL's Buffalo Sabres have taken the next step in possitbly making a bid to buy the Buffalo Bills, reports the Associated Press, via ESPN.
Sabres owners Terry and Kim Pegula have retained Steve Greenberg, of Allen & Co., according to three people familiar with the situation. Allen & Co. is regularly involved in sales of sports teams.
Per the AP: 'Greenberg, the son of Baseball Hall of Famer Hank Greenberg, has been involved in purchases of the Houston Astros, San Diego Padres, Milwaukee Bucks and numerous other teams. The Pegulas made their fortune in the natural gas industry, after Terry Pegula sold off many of his company's assets for $4.7 billion to Royal Dutch Shell in 2010.
The Bills were last valued by Forbes to be worth $870 million but their sale price could go much higher because NFL teams rarely go on the market.'