Jon Bon Jovi's attempts to buy the Buffalo Bills of the National Football League (NFL) has hit yet another snag after being turned down by a Hall of Fame quarterback who the rocker enlisted for help in acquiring the team.

Former Bills quarterback great Jim Kelly and bond investor Jeffrey Gundlach met with Bon Jovi and his group of Canadian investors last week. The group's initial offer to purchase the team was recently rejected by investment bank Morgan Stanley and law firm Proskauer Rose, who are handling the sale of the team for Bills owner Ralph Wilson's estate.

Kelly, who guided the Buffalo Bills to four consecutive Super Bowls from 1990 to 1993 manning the team's vaunted "K-Gun" offense, wants to make sure that the team will not move from the city of Buffalo, where the franchise has played football since becoming a charter member of the American Football LEague in 1960.

"Jim Kelly met with Jon Bon Jovi, but Kelly and Jeffrey Gundlach will not be pursuing a relationship with the Toronto group," Buffalo News reporter Tim Graham wrote. "Kelly and Gundlach do not feel confident that their aspirations for keeping the Bills in Buffalo long-term are aligned with the interests of the Toronto group."

Bon Jovi is currently partnered up with Maple Leaf Sports and Entertainment Chairman Larry Tanenbaum -- whose group already owns the National Basketball Association's (NBA) Toronto Raptors, National Hockey League's (NHL) Toronto Maple Leafs, and Major League Soccer's (MLS) Toronto FC - and Edward Rogers -- who controls Canada's top telecom company, Rogers Communications Inc.

Bon Jovi and his investment group's initial bid were shot down, offering an estimated $900 million to buy the team. The "Wanted Dead or Alive" rock star's negotiating team was described as "unfocused and disorganized" during the process. The bid was deemed too low by the Buffalo Bill trust selling franchise, but they had given the group a second chance to place another bid.

On top of the low bid, Bon Jovi failed to assure the Buffalo trust selling the team that they will comply with restrictions placed on the new ownership, which include a highly restrictive lease signed by the franchise in 2012 requiring the team to play at Ralph Wilson Stadium until 2023 with a $28.4 million buy-out clause in Year 7 of the deal (2020). Should the new owners attempt to move the team elsewhere other than 2020, the new owners would have to pay a $400 million penalty.

The new owner would also have to sign a non-location agreement with Erie County and the state of the New York, which would empower both the state and county with the ability to go to court and block any sale of the team to a group looking to move the team prior to 2023.

Bon Jovi wrote an open letter to the fans of the Buffalo Bills, but failed to promise not to relocate the team, leaving doubts among the team's fanbase.

"If they are sincere in their commitment to Buffalo, we would ask them to enter into a binding pre-purchase agreement with the state and county whereby they would agree to proactively waive the one-year buyout clause in the seventh year of the current lease if they were to successfully purchase the team," the Buffalo Fan Alliance said in a statement.

"If they are truly committed to Buffalo, such an escape clause would not be necessary for them anyway and this would be a simple and demonstrable first step of their sincerity for keeping the team in Western New York."

Donald Trump is another celebrity name that has advanced in the bidding process, after making a $1 billion offer to purchase the team. But Terry and Kim Pegula, owners of the NHL's Buffalo Sabres, are considered the front-runners. While the Bills are estimated to be worth $870 million, according to Forbes' valuation of the team, the Pegulas have made an initial bid of $1.3 billion.

Buffalo News reported that Trump did meet with Kelly and his group, but balked at their demands, which included two percent equity in the team, lifetime jobs for the former Buffalo quarterback and his brother, and final say on all football decisions.

NFL commissioner Roger Goodell has strongly suggested the Bills will still need a new stadium regardless of who buys the team, despite the new lease in place. Ralph Wilson Stadium is the the league's sixth-oldest facility and has the fewest luxury box seats compared to other NFL facilities. Luxury boxe are a huge source of revenue for football teams.

Erie County Executive Mark Poloncarz is not buying the NFL commissioner's assessment, saying that the $130 million renovations agreed upon -- $35 million coming out of the Bills pocket, $40 million from Erie County and $53 million from the state -- after signing the new lease is a sufficient expenditure for any new owner to handle, as opposed to spending on a new stadium.

"I want proof that a new stadium is needed before we commit to it," Poloncarz said to Buffalo News. "I disagree that a new owner needs a new stadium for the team to be viable here. The team is viable right now, in this stadium."

With no Fortune 500 company calling Buffalo home and the city dealing with a poverty rate of 26.4 percent, based on a recent study by Buffalo news site WIVB, Poloncarz argued that there is no need for a new stadium, especially since tax dollars would be required to build a new facility. Poloncarz also claimed that there is no demand for a new stadium and that the renovation of Ralph Wilson Stadium is sufficient for a team in such a small market.

"In this market, I don't see the Bills being able to charge that much more, even on the premise of a new stadium," Poloncarz said. "There's a limit to the number of corporations or people who can afford luxury boxes or costlier seating."

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