JON BON JOVI IN Talks To Buy Atlanta Falcons
February 7, 2011, 13 years ago
According to ESPN, New Jersey rock legend JON BON JOVI has been in confidential negotiations with Atlanta Falcons owner Arthur Blank in which Bon Jovi would purchase 15 percent of the NFL franchise for $150 million, according to league sources.
Blank on Sunday morning acknowledged the talks but downplayed them as "discussions that are unlikely" to produce a partnership with Bon Jovi.
The two sides have signed a confidentiality agreement not to disclose details of negotiations but a league source pegged the financial talks based on a $1 billion valuation of the Atlanta franchise. Each percentage point would be valued at $10 million to arrive at the proposed $150 million on a 15 percent purchase, another source said.
