"Bankers Skeptical of Trump's NFL Ownership Approval, Emails Reveal"

1 min read
Source: Fortune
"Bankers Skeptical of Trump's NFL Ownership Approval, Emails Reveal"
Photo: Fortune
TL;DR Summary

Internal emails revealed during Donald Trump's civil fraud trial show that investment bankers doubted the NFL would approve him as the owner of the Buffalo Bills in 2014 due to his past involvement with casinos and the USFL's antitrust suit against the NFL. Despite this skepticism, the bankers encouraged Trump to stay in the running, citing his strong show of support. Trump eventually offered $1 billion cash for the Bills but lost out to Terry and Kim Pegula, who bought the team for $1.4 billion. Trump's failed bid for the Bills is now under scrutiny in a lawsuit brought by New York Attorney General Letitia James, who accuses him of inflating the values of his assets. Trump denies any wrongdoing and claims the lawsuit is politically motivated.

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