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Warren Buffett nixes possible Bills ownership


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#1 Beerball

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Posted 21 March 2013 - 06:07 AM

Quote

Buying the Bills: “If I were rich and somewhat younger, and lived in Buffalo, I’d buy them in a second. But I’m not taking on new things that my heirs will want to wrestle with. There would have been a time when I would have been very tempted.”
In case you were wondering.

#2 ALF

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Posted 21 March 2013 - 06:13 AM

How about a new stadium named after him ?

#3 ganesh

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Posted 21 March 2013 - 06:20 AM

View Postindependent, on 21 March 2013 - 06:13 AM, said:

How about a new stadium named after him ?
With an all-expense-paid Buffet!

#4 Saint Doug

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Posted 21 March 2013 - 06:26 AM

I love the "if I were rich" quote.

#5 smuvtalker

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Posted 21 March 2013 - 06:28 AM

View Postkas23, on 21 March 2013 - 06:26 AM, said:

I love the "if I were rich" quote.

Ditto.  Thought that was hilarious.....

#6 Billybuc

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Posted 21 March 2013 - 06:49 AM

Isn't Richard (often called Rich) Warren's younger brother!?!? Now it all makes sense!

#7 first_and_ten

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Posted 21 March 2013 - 06:51 AM

Why would an 82 year old buy a professional sports franchise?

#8 filthymcnasty08

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Posted 21 March 2013 - 07:00 AM

View Postfirst_and_ten, on 21 March 2013 - 06:51 AM, said:

Why would an 82 year old buy a professional sports franchise?

Youth movement!  :w00t:

#9 Triple Threat

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Posted 21 March 2013 - 07:18 AM

View Postkas23, on 21 March 2013 - 06:26 AM, said:

I love the "if I were rich" quote.

I think he meant, if I was someone rich, younger, and lived in Buffalo I would buy the team.

#10 Mango

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Posted 21 March 2013 - 07:32 AM

View Postfilthymcnasty08, on 21 March 2013 - 07:00 AM, said:

Youth movement!  :w00t:

YESSS

#11 JR in Pittsburgh

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Posted 21 March 2013 - 07:34 AM

buffet would be a horrendous owner. You think Ralph is cheap? buffet would be ten times worse.

#12 Dean Cain

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Posted 21 March 2013 - 08:01 AM

Buffet is worth 53 times the value of the Bills, wish he'd bought the Bills when he bought the News in 1977.

#13 B-Large

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Posted 21 March 2013 - 09:10 AM

Buffet is a value investor... he took one look at that roster and realized he didn't have the heart for an underperfomring asset at this stage of the game...

#14 Mr. WEO

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Posted 21 March 2013 - 09:17 AM

The new owner has to be a fan of the team.

#15 yungmack

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Posted 21 March 2013 - 09:57 AM

A suggestion: instead of wasting time discussing Buffett buying the Bills, I recommend Bills fans buy Buffett.  Anyone around here who invests, especially younger guys, put a huge chunk of your IRA, 401k etc. into Bershire-Hathaway B shares.  They're a bargain right now (well, relatively speaking) and you have Warren Buffett essential doing your stock picking for you.

BTW, another billionaire who is rumored to be very interested in buying the Bills is LA-based, Buffalo-born bond phenom Jeffrey Gundlach.  Keep your eye on him as the potential savior.

Edited by yungmack, 21 March 2013 - 10:02 AM.


#16 Mr. WEO

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Posted 21 March 2013 - 10:34 AM

From Morningstar:


"Warren Buffett has typically looked to acquire firms that have consistent earnings power, generate above-average returns on capital, have little to no debt, and have .......solid management teams. "

Ohhhh!---we were so close!


" the biggest hurdle facing Berkshire will be its ability to consistently find deals that not only add value but also are large enough to be meaningful. The other major issue facing the company is the longevity of Buffett and managing partner Charlie Munger, both of whom are octogenarians."



......and the problem is??

#17 The Big Cat

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Posted 21 March 2013 - 10:35 AM

View Postkas23, on 21 March 2013 - 06:26 AM, said:

I love the "if I were rich" quote.

View Postsmuvtalker, on 21 March 2013 - 06:28 AM, said:

Ditto.  Thought that was hilarious.....

View PostTriple Threat, on 21 March 2013 - 07:18 AM, said:

I think he meant, if I was someone rich, younger, and lived in Buffalo I would buy the team.

ha, I too had to read and re-read that...

#18 jboyst62

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Posted 21 March 2013 - 10:38 AM

He would not spend a dime on this team.  Im happy with this.  Id rather have a Dan Snyder or Mark Cuban then an entrapeneur or strict business man

#19 bonechiller

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Posted 21 March 2013 - 11:09 AM

View PostMr. WEO, on 21 March 2013 - 09:17 AM, said:

The new owner has to be a fan of the team.

Yeah, like Pagula? He's done wonders with Sabres so far!

#20 3rdnlng

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Posted 21 March 2013 - 11:22 AM

View Postbonechiller, on 21 March 2013 - 11:09 AM, said:

Yeah, like Pagula? He's done wonders with Sabres so far!

Yes, both the Sabres and the Bills need owners who don't want to spend any money.