Sunday, September 14, 2014

Crawford's Sports Biz 59 Seconds, For September 14th, 2014

By Gregory Crawford---COO of Kiyokawa Crawford Sports Management---on twitter @wchoops @crawssportsbiz @kcsportsmgmt

How did bad did Terrance Pegula want to own the Buffalo Bills? Per the Crawford's Sports Biz Index, the value of the Bills was $924 million. Pegula's winning bid this past week was $1.4 billion, 38 percent greater than the second highest bid by Jon Bon Jovi, of $1.05 billion. Welcome to the world of overbidding to buy sports teams, but also a world where often overbidding still often makes you money in the long run.

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