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Old 03-25-2014, 07:19 PM   #13
Atlanta Dan
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Default Re: Bills owner and founder Ralph Wilson dead at 95

Quote:
Originally Posted by Vis View Post
If his kids don't want it, I'll take it.
No such luck - Mr. Wilson apparently believed in estate planning

The Buffalo Bills' franchise will be placed in a trust following the death of owner Ralph C. Wilson Jr., and no quick sale of the team is expected.

In fact, the trust is likely to control and manage the team for at least a couple of years before any sale of the team is arranged, both team and National Football League sources tell The News.

The death of the Bills' 95-year-old owner on Tuesday means the team eventually will be put up for sale by Wilson's estate. That was the plan Wilson laid out decades ago and one he vehemently stuck to in recent years as local worries about the future of the franchise increased.

Having a trust in control essentially keeps Wilson's management team in place for the near future. Could the trust operate the team for more than two years? Yes, according to sources close to the Bills.

Ultimately, however, Wilson's estate will have the fiduciary responsibility to take roughly the best offer it can get for the franchise.


http://www.buffalonews.com/sports/bi...trust-20140325
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