Buffalo Bills hire firms to facilitate sale

The Buffalo Bills have officially gone on the market with the hiring of financial and legal advisors who are expected to contact prospective buyers within the next 30 days.

C.J. Spiller #28 of the Buffalo Bills runs with the ball against the New England Patriots on December 29, 2013 in Foxboro, Massachusetts.
Getty Images

The Bills say Morgan Stanley will act as financial adviser and Proskauer Rose as legal adviser during the sale.

Team owner and founder Ralph Wilson died in March, leaving the team's long-term future uncertain.

Read More Ex-players: NFL illegally used drugs

The announcement Wednesday on a transaction team was expected before the end of May. It comes a day after the Bills' chief financial officer, Jeffrey Littmann, updated National Football League owners during league meetings in Atlanta.

New York City developer Donald Trump and former Bills quarterback Jim Kelly are among those who've shown interest in owning the Bills.

—By The Associated Press