This is why MLSE/Lieweke are willing to put up the Argos at BMO Field...
[b][u]Bon Jovi buying Bills, building new Toronto stadium[/u] The Globe and Mail
Okay, pardon me for being the latest to chime in with a Livin’ On A Prayer reference, but that is exactly what the hopes are at present for Jon Bon Jovi to buy the Buffalo Bills with the help of Maple Leaf Sports and Entertainment, Larry Tanenbaum, Tim Leiweke or maybe Edward Rogers and family.
However, there is some serious manoeuvring going on to make those hopes come true.
This is especially so at MLSE, which would love to hitch its wagon to whichever individual or individuals manage to buy Buffalo’s NFL team after its 95-year-old owner Ralph Wilson passes away.
NFL bylaws prevent corporations from owning even part of its teams but they do not prevent enterprising companies from building and running their stadiums.
Tanenbaum and Leiweke, the chairman and president of MLSE, respectively, are so eager to get involved they reassigned one of their senior executives not long ago, according to someone close to the company.
Bob Hunter, who was MLSE’s chief facilities and live entertainment officer, was put in charge of two special projects. These projects are so important to Tanenbaum and Leiweke that Justina Klein was recently brought back for a second stint at MLSE to do Hunter’s old job.
Hunter (of MLSE) is now in charge of two things – redesigning BMO Field to accommodate both Toronto FC, MLSE’s soccer team, and the Toronto Argonauts of the CFL, who would be most affected by Hunter’s second project. And that task is to design an NFL-style stadium to accommodate the Bills.(in Toronto) So far, we’re told, there is a design for a stadium that would cost $600-million but our informants say that won’t get much these days and the final number will be closer to $1-billion plus another $1-billion (U.S.) or so to buy the Bills, making this a $2-billion play.
There is also the matter of the CFL and the Argos. It looks as though MLSE thinks the NFL will insist a condition of any sale is to look after the Argos, not drive them off, which is why Hunter is in charge of spending as much as $50-million to renovate BMO Field. That should fend off any nasty anti-trust suits.[/b][url=http://www.theglobeandmail.com/sports/football/livin-on-a-prayer-buying-bills-building-new-toronto-stadium-would-be-a-2-billion-play/article15581107/]http://www.theglobeandmail.com/sports/f ... e15581107/[/url]