Skip to content

Report: Sabres owner Pegula makes bid for NFL’s Bills

Jul 29, 2014, 9:02 PM EDT

Tuesday afternoon was the deadline for prospective buyers to submit their “indication of interest” for the NFL’s Buffalo Bills and, according to the Buffalo News, Sabres owner Terry Pegula officially threw his hat into the ring.

Pegula, who made his fortune in the natural gas industry, purchased the Sabres in February 2011 and was immediately lauded for his spend-happy ways. Buffalo made huge splashes in his first free agent period as owner, inking Christian Ehrhoff and Ville Leino for a combined $67 million (Pegula would later sign off on compliance buyouts for both players.)

The 63-year-old’s foray into the sporting world wasn’t limited to just the NHL, however. A Penn State alumnus, Pegula donated $100 million to construct an on-campus facility — the Pegula Ice Arena — which opened in 2013 and currently houses the Nittany Lions’ hockey team.

As for Pegula’s interest in the Bills, here’s how the remainder of the process will play out, per USA Today:

The Bills’ trust will analyze the field and select a certain number of those initial bids. Those groups, or bidders, will then be able to gain access to more information about the team and move forward in the process.

Sports business expert and analyst Marc Ganis of the Chicago-based firm, Sportscorp, says this is a process which allows for the Bills to gain more access to the bidders’ financials as well. He says at the end of the day, the Trust will make their decision based on who is the “best top bid”.

“You will typically whittle the groups down to those that you think are the most serious, have the greatest ability and are going to pay the highest the highest price. And that last is really important.”

The Bills fanchise is for sale following the death in March of owner Ralph Wilson. It’s believed real estate mogul Donald Trump and musician Jon Bon Jovi have spearheaded groups that also put forth bids.

Latest Posts
  1. In the playoffs, sometimes it comes down to the ‘bounces’

    May 25, 2015, 3:31 PM EDT

    Antoine Vermette, Frederik Andersen AP

    “One bounce here or there, it’s a different story.”

  2. Leafs sign Carrick to one-year extension

    May 25, 2015, 2:10 PM EDT

    J.T. Brown; Sam Carrick J.T. Brown; Sam Carrick

    Made his NHL debut last season, appearing in 16 games.

  3. Now feels like a good time to debate Stamkos’ next contract

    May 25, 2015, 2:05 PM EDT

    Tampa Bay Lightning v New York Rangers - Game Five Getty Images

    He’s eligible to sign an extension this summer.

  4. Swiss league ‘perfect training ground’ for Matthews, says coach Crawford

    May 25, 2015, 12:54 PM EDT

    Marc Crawford Getty Images

    “Everyone involved with the ZSC Lions is so excited about seeing him play in Zurich.”

  5. Canucks have a puzzle to solve on the blue line

    May 25, 2015, 12:44 PM EDT

    Edmonton Oilers v Vancouver Canucks Getty Images

    This won’t quell the Kevin Bieksa trade speculation.

  6. Bolts ‘looking for a guy who plays my way,’ says prospect Erne

    May 25, 2015, 12:31 PM EDT

    Adam Erne Getty Images

    “A bigger guy, playing a power forward role.”

  7. Bolts’ Coburn missed final two periods due to illness

    May 25, 2015, 10:05 AM EDT

    Braydon Coburn Braydon Coburn

    He played just eight shifts in Sunday’s win.

  8. Video: Filppula, Stamkos score two big goals for Bolts

    May 24, 2015, 9:36 PM EDT

    filppulagetty Getty Images

    The Lightning are 7-0 when scoring the first goal in the playoffs.

  9. Blackhawks’ Bickell says wear-and-tear goes both ways

    May 24, 2015, 9:15 PM EDT

    Anaheim Ducks v Chicago Blackhawks - Game Three Getty Images

    Blocking shots can be a grind, too, after all.

  10. Report: Blues will stick with Hitchcock ‘barring anything dramatic’

    May 24, 2015, 7:37 PM EDT

    Chicago Blackhawks v St Louis Blues Getty Images

    No clarification on what would qualify as “dramatic.”

Featured video

Babcock has his work cut out in Toronto
Top 10 NHL Player Searches
  1. F. Andersen (1538)
  2. S. Crosby (1481)
  3. N. Horton (1415)
  4. M. Carle (1409)
  5. R. Nash (1370)