Former President Donald Trump speaks to the media as he exits the courtroom of his civil business fraud trial at New York Supreme Court, Wednesday, Oct. 25, 2023, in New York.
“He probably does have the dough" and claimed he'd been courting the NFL, another Morgan Stanley banker, Jeffrey Holzschuh, wrote back, adding: “but never know the real facts with him.” Trump denies any wrongdoing and says his annual statements of financial condition actually lowballed his wealth. He casts the lawsuit as part of an effort by James and other Democrats to choke his campaign.
Instead, at a presentation to the bankers, Trump handed out copies of one of Forbes magazine's lists of wealthy celebrities, former Morgan Stanley Managing Director K. Don Cornwell testified. Trump was the star of NBC’s “The Apprentice” at the time. Once the bids were being formally submitted, Cohen conceded to the AP that Trump’s bid was not going to win. Cohen explained that Trump wasn’t interested in buying the team over market value. The Bills' estimated worth was pegged at $870 million, but the team was projected to sell for up to $1.2 billion.
“Well he will stay in process,” Holzschuh wrote to Cornwell, adding that Trump “is very sensitive about his rep” and didn't want to spend money on the process if the price was going to be too high. Holzschuh said he'd “encouraged” Trump to put his best offer forward.
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