Bills Bonds

November 29, 2010 Updated Nov 29, 2010 at 10:04 PM EDT

By Ed Reilly

November 29, 2010 Updated Nov 29, 2010 at 10:04 PM EDT

(Buffalo, NY )

Steve Brady grew up in Washington DC but his heart is in Buffalo. Actually, it is Ralph Wilson Stadium with the Buffalo Bills. Brady is a life-long Bills fan and he has a plan to make sure they stay in Western New York.

He wants to sell BILLS BONDS to fans. The bonds would sell for around 200-hundred dollars and have a return of two or three percent. The money raised through the sale of Bills Bonds would be used to offer loans to local investors who want to buy the Buffalo Bills. It is estimated that the Bills are worth around eight hundred million dollars.

The team is not for sale at the moment. Owner Ralph Wilson has said that as long as he is alive that the Bills would stay in Buffalo. Wilson is 92 years old and owned the team throughout its 51 seasons.

Many fans are concerned that the team will be sold and moved after Ralph Wilson's death. Brady is trying to encourage local investors to have a plan in place to buy the team. His idea to sell Bills Bonds still needs the backing of fans, a financial institution, and the NFL.