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Sale of Buffalo Bills moving forward

Orchard Park, N.Y. -- The sale of Buffalo Bills is moving forward, according to the team. 

The organization has retained Morgan Stanley to serve as financial advisor. 

Proskauer Rose will serve as legal advisor during the sale process.

The team must continue to comply with its obligations under the NFL's rules and regulations.

It also has obligations to New York state and Erie County under its lease at Ralph Wilson Stadium.

The transaction team will begin contacting prospective buyers within the next 30 days.

"We are pleased to have been able to assemble, as our transaction team, two experienced and talented firms in the specialized field of sports mergers and acquisitions, Morgan Stanley and Proskauer Rose, to be involved in our sale process," said Russ Brandon, Bills president and CEO. 

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