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While a timetable cannot be released at this time, a source close to the Pegula camp has stated that Terry Pegula, Buffalo Sabers owner and Penn State hockey financial backer has started the ball rolling in the purchasing of the Buffalo Bills.
If he wants to keep the Sabres, he'd never be able to buy the Bills and move them because it would be too dangerous for him to come back into town. So if he does buy the Bills, it's a safe assumption that they are not going anywhere.
Woo, tough markets these days. When Pegula was purchasing the sabres a few weeks ago he was worth 4 billion, the linked article refers to him being in the $3BN range. That's painful.
There would be no chance in HELL that he would move the Bills. He lived in this area for years and his wife is from outside Buffalo. For you guys who aren't familiar with the Buffalo Sabres, you WANT this to happen. The guy is gold. Buffalo GOLD.
The Bills would cost 5x's what the Sabres did and he'd need help, I'm guessing.
It's one thing to have a rumored interest and another to actually seek a purchase. Lots of information gathering in between, like learning the long term plans and economics of the NFL, before arriving at a final decision.
Yes, he is a fan. He's also a prudent & intelligent businessman.
Anonymity is an abused privilege, abused most by people who mistake vitriol for wisdom and cynicism for wit
would that be legal owning 2 major sports franchises in the same area?
yep as long as they are in the same town the NFL doesn't care. if you don't have them in the same town then you can't. unless you own another team in a different country, then it doesn't matter. Sounds like random rules, but in anycase, pegula would be fine.
Can you imagine if pegula got the sabres and the bills to win their respective championships in the same year? This guy would literally be my jesus.
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