REPORTS: Pegula High Bidder for Buffalo Bills

July 30, 2014 Updated Jul 31, 2014 at 6:48 AM EDT

By Ed Reilly

July 30, 2014 Updated Jul 31, 2014 at 6:48 AM EDT

ORCHARD PARK, N.Y. (WKBW) While it is all unofficial, several published reports are claiming that billionaire owner of the Buffalo Sabres, Terry Pegula, has bid $1.3 billion dollars to purchase the Buffalo Bills.

Reports from Buffalo Business First say a Toronto-based group led by rock star Jon Bon Jovi also submitted a bid reportedly worth more than $1 billion.

Celebrity developer Donald Trump said earlier this week that he would submit a bid, and it is being reported Trump's bid was worth $1 billion dollars.

The sale of the Bills is being conducted in secret by financial firm Morgan Stanley after the death of long-time team owner Ralph Wilson, Jr. in March.

All interested buyers had to sign a non-disclosure agreement.

The first round of bids and letters-of-intent were due Tuesday at 5pm.

Some reports claim that former Buffalo Sabres owner Tom Golisano did not submit a bid - even though there was a lot of speculation that he would.

News that Terry Pegula might be the high bidder is already setting off a lot of hopeful optimism from Buffalo Bills fans.

Matt Sabuda, co-director of the Buffalo Fan Alliance, saying he hopes the Bills trustees accept Pegula's bid and declare "game-over."

Sabuda adds that $1.3 billion dollars would be a record price paid for any NFL team.

A spokesperson for Terry Pegula said the Sabres owner was not commenting at this time.

Watch Ed Reilly's report for more information