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Jon Bon Jovi says if his investment group buys the Buffalo Bills, he plans to keep the NFL team in upstate New York. Sources including the Sports Business Journal and CBS Sports, say the singer, who will would be the largest shareholder, is not interested in moving the team to Toronto -- even if two of his business partners are based there.
CBS also quotes influential Dallas Cowboys owner Jerry Jones as "being cool" with Bon Jovi becoming an owner. He recently said, "Jon Bon Jovi is first-class. You shouldn't equate creativeness in any way with compromising solid, sound, people you want to live by you next door, true American, true citizen. Jon Bon Jovi is that. I don't know of anyone that I have more respect for as a father or as a husband or, certainly, as a potential business partner. He's qualified to become an NFL owner."
Founded by Ralph Wilson, who died in March, the Bills have become a Buffalo institution since being established in 1960 as an original member of the American Football League, which merged into the NFL a decade later.
Last year, Forbes magazine valued the Bills franchise at $870-million. Considering the pending $2-billion sale price of the NBA's Los Angeles Clippers, the Bills are expected to sell for more than $1-billion.