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Old 03-26-2014, 02:52 AM   #17
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Default Re: Bills owner and founder Ralph Wilson dead at 95

Originally Posted by Atlanta Dan View Post
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.
It's a sad day for the Bills fans. Without Wilson the Bills would have been moved to other place already. Wilson has tried everything to keep the team in Buffalo. By extending the lease agreement, the team will probably stay in the that area for the next few years. It's a shame that his family has no interested in football business.

R.I.P. Wilson.
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