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Old 08-04-2014, 11:38 PM
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rocknation rocknation is offline
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Join Date: 08 Sep 2002
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Quote:
Originally Posted by rocknation View Post
...Jon is only a multi-millionaire...in a shark tank full of old-money veteran multi-billionaires who are using his fame and fortune to get what they want...he's out of his league, if you'll pardon the expression.
Quote:
Originally Posted by DevilsSon View Post
...(Y)ou severely underestimate the Jon Bon Bon...(His) net worth is surely closer to $1Bn...Now, as JonGirl mentions, this is one if not the only opportunity he'll ever get to own an NFL team. Knowing his ego, I am not sure who is using who!

They're definitely using him via his ego -- he hasn't got quite enough money. But you don't have to take my word for it:
Quote:
Toronto Sun: ...Bon Jovi is the face of a Toronto-based group intent on obtaining an NFL franchise via relocation, and expected to bid for the Bills.

...The rocker's personal net worth...(averages $400 million), according to Forbes.com...(and the Toronto Sun).

By NFL rules, the controlling-stake threshold for NFL ownership is 30%. So if the Bills price tag winds up in the neighbourhood of $1 billion, the singer presumably would have to sell almost everything he owns to come up that kind of cash. Thus, while Bon Jovi might become the frontman of this Toronto bid group, unless Forbes is mistaken...it's hard to see how he could become controlling owner.

Another important point: no potential NFL owner or ownership group may borrow more than $200 million to complete the sales transaction. So if the price tag winds up at a billion bucks, a bid group has to plunk down $800 million in cash.

Tanenbaum's net worth in November was listed at $1.18 billion...Presumably, he would have the cash to be principal owner...In any event, other deep-pocketed Canadians would need to contribute to the bid group, or perhaps even lead it.

Previous reports said a contributor might be Edward Rogers III...of...Rogers Communications...Canadian Business (magazine) pegs the net worth of the Rogers family at $7.6 billion...
If Tanenbaum and Rogers have convinced Jon that being the "frontman" for the new Buffalo Bills will make up for his having an average of only one eleventh of their equity, it explains HOW they got so rich, LOL!
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rocknation

Remember how we used to talk about busting out? We'd break their hearts together...forever...



You and me and our old friends / hoping it would never end / holding on to never say goodbye...

Last edited by rocknation; 08-07-2014 at 12:46 AM..
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