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Donald Trump says he likely won't win bid for Buffalo Bills

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Billionaire businessman Donald Trump has placed a bid for the Buffalo Bills franchise, but the competition is steep and he says he thinks it is unlikely he will win. 

"I would say the chances are very, very unlikely, because I'm not going to do something totally stupid," Trump said on Fox News (via the Associated Press), "Maybe just a little bit stupid, but not totally stupid."

The deadline for prospective owners to submit non-binding initial bids of interest is Tuesday.

More: Report: Buffalo Bills expected to sell for at least $1.1 billion

The team is up for sale after the death of founding owner Ralph Wilson in March. Morgan Stanley is handling the sale on behalf of Wilson's estate and has agreed to keep the identities of the bidders private.

Those said to be bidding include the owners of the Buffalo Sabres, Terry and Kim Pegula, and the former owner of the Sabres, B. Thomas Golisano. A third prospective ownership group includes Jon Bon Jovi, chairman of Maple Leaf Sports Larry Tanenbaum, and the family which owns Toronto-based Canadian telecom giant Rogers Communications. 

More: Bills Hall of Fame receiver Andre Reed: 'Who the f--- is Johnny Manziel?'

Bon Jovi's group is based in Toronto, so there is speculation that the prospective ownership group is interested in moving the team to Toronto.

- Dan Gartland