Press Release For Immediate Release

August 15, 2014

Contact: George Hasiotis, Partner
Greater Bualo !"orts # $ntertainment Com"le%, &&C
'1()55*+(55'
,GB!$C, in $%c-anges .it- Pros"ecti/e Bills0 Bu1ers, 2o/ing
For.ard on Plans or 3uter Har4or Com"le%5
A Re"resentati/e o GB!$C, &&C announced toda1 t-at t-e com"an1
-as engaged in a signiicant e%c-ange o inormation, including ace
to ace meetings, .it- re"resentati/es o multi"le ranc-ise 4idders
or t-e Bualo Bills and t-at t-e1 are also in communication .it-
!tate oicials assigned to stud1 t-e issue o a ne. stadium and site
selection6
George Hasiotis, GB!$C 7unior Partner, stated:
,!ince 2a1 .e -a/e 4een engaged in an ongoing, al4eit "ri/ate, "rocess .-ic- centers
on t-e 4edroc8 economic issues o creating a acilit1 t-at can deli/er economic 4eneits
to a ne. team o.ner, t-e 9F& and ta%+"a1ers6 3ur 4usiness model also see8s to 8ee"
tic8et "rices aorda4le or ans and "ro/ides :1 4illion in "ri/ate inancing6 ;ue to t-e
conidential nature o our interaction .it- "ros"ecti/e o.ners, .e cannot "ro/ide an1
additional inormation, ot-er t-at to sa1 t-at on t-e "art o out o area 4idders t-ere is
-ealt-1 and serious interest in 8ee"ing t-e team in Bualo <-ese "arties are ocused
on -o. to ma8e t-e economic model .or8 and t-e "otential o a acilit1 to "ro/ide
signiicant non+oot4all re/enue6 <-e com"osition o suc- re/enue is as muc-
media)entertainment content and re/enue dri/en as it is rom oot4all o"erations6
<-ere -as 4een so muc- misinormation in "ress re"orts a4out t-e uture o t-e
ranc-ise and t-e need or a ne. acilit1 t-at it is im"ortant to remind e/er1one t-at
,economics5 is t-e inal ar4iter in t-is deal6 It ser/es no constructi/e "ur"ose to get
.or8ed u" a4out "eri"-eral issues 4ecause in t-e end, onl1 a ne., site+s"eciic model
4ased on multisource re/enue + multi+s"ort and entertainment sources o income + can
meet t-e economic "arameters o in/estors, ta%+"a1ers and t-e 9F&6
<-e Bualo Common Council "resented our 3uter Har4or "ro"osal, .it- its attendant
4usiness model, to t-e 9F& Commissioner and 9F& !tadium Committee si% mont-s ago,
in "re"aration or a "ros"ecti/e ranc-ise sale6 As o toda1, t-is "ro"osal is still t-e onl1
9F& grade, com"re-ensi/e and detailed "lan t-at can acilitate 8ee"ing t-e league -ere
and meeting all sta8e+-olders0 o4=ecti/es6 In t-e inal anal1sis, no ot-er "lan is 4ased on
suc- a -ig- le/el o "ri/ate inancing and "u4lic 4eneit6 <-e 4est le/erage t-e ta%+"a1er
-as is t-e -o"e o a "u4lic+"ri/ate "artners-i" .-ere a "ercentage o "roits re"a1 t-e
"u4lic treasur1 and create a "rogressi/e relations-i" .it- "roessional s"orts in t-is
to.n65