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Buffalo Bills hire financial, legal advisers to facilitate sale of team

  • By Associated Press
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BUFFALO, N.Y. -- The Buffalo Bills have officially gone on the market with the hiring of financial and legal advisers who are expected to contact prospective buyers within the next 30 days.

The Bills say Morgan Stanley will act as financial adviser and Proskauer Rose as legal adviser during the sale.

Team owner and founder Ralph Wilson died in March, leaving the team's long-term future uncertain.

The announcement Wednesday on a transaction team was expected before the end of May. It comes a day after the Bills' chief financial officer, Jeffrey Littmann, updated National Football League owners during the Spring League Meeting in Atlanta.

New York City developer Donald Trump and former Bills quarterback Jim Kelly are among those who've shown interest in owning the Bills.

Copyright 2014 by The Associated Press

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