Report: Jon Bon Jovi’s First Bid for NFL Team Was “Uncompetitively Low”

By ABC News Radio

AEG LiveJon Bon Jovi‘s attempt to buy the NFL’s Buffalo Bills has hit a snag.

Canada’s Sun Media is reporting that the first bid submitted by Jon and his fellow investors was rejected last week by Morgan Stanley, which is handling the sale of the franchise. The problem with the bid: it was deemed to be, in the words of Sun Media, “uncompetitively low.”

The Toronto-based group reportedly was expected to submit a higher bid Tuesday — likely between one billion and 1.1 billion dollars.

The group reportedly had been told it must also give greater …read more

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