Person familiar with sale process: Wilson's estate contacting possible Bills ownership groups
{{#rendered}} {{/rendered}}A person familiar with the Buffalo Bills' sale process has told The Associated Press a law firm representing late owner Ralph Wilson's estate has started contacting prospective ownership groups.
The person said Thursday that prospective owners began receiving a seven-page non-disclosure agreement, and a brief outline of background material on the Bills franchise. The documents were distributed by Proskauer Rose, the legal firm overseeing the sale.
The person spoke on the condition of anonymity because the sale process has not been made public.
{{#rendered}} {{/rendered}}The next step is for prospective owners to sign the non-disclosure agreement, the person said. That would then provide groups full access to the Bills' financial data in order to begin formulating bids.
The Toronto Sun first reported on its website Thursday that the documentation was distributed.
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{{#rendered}} {{/rendered}}AP NFL website: www.pro32.ap.org and www.twitter.com/AP_NFL