I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

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  • BillsImpossible
    Registered User
    • Mar 2013
    • 16206

    I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

    Terry Pegula is probably the one guy that makes the most sense.

    If Pegula wants to buy the Bills, he's going to do it. I hope he does. He's not the type to talk much, he's busy getting things done in downtown Buffalo.
    He has the most money out of any prospective owner, and his net worth continues to climb even after spending hundreds of millions of dollars on the Buffalo Sabres. He can build a new stadium wherever he wants, and he's also in the real estate business.

    He's got the perfect opportunity sitting right in front of him, or should I say, next to him?

    The situation seems like it is meant to be.

    New York State and the NFL would be more than happy to have an owner privately finance a new stadium in downtown Buffalo without taxpayer money.
    All 32 owners would approve.

    If Terry Pegula makes a bid to purchase the team, I think the "Trust," can trust him the most, and will say yes to the deal.

    Terry Pegula is very interested in the NFL.

    Sabres owner buys NFL agency firm

    Having spent hundreds of millions of dollars on hockey over the past year, Buffalo Sabres owner Terry Pegula has turned his attention -- and deep pockets -- to the NFL and the player's side of the ball.


    BUFFALO, N.Y. -- Having spent hundreds of millions of dollars on hockey over the past year, Buffalo Sabres owner Terry Pegula has turned his attention -- and deep pockets -- to the NFL and the player's side of the ball.

    http://www.cbssports.com/nfl/writer/jason-la-canfora/24504283/observations-likely-sale-of-bills-could-speed-up-nfls-race-to-la

    Buffalo Sabres owner Terry Pegula could be the white knight who keeps the team planted as is. He has a very strong bond and ties to the area and his name was making the rounds among other owners during these meetings as someone who is expected to be a part of this process. Pegula is a multi-billionaire who has found riches in both the natural gas and real estate industries. His stock is rising given that his net worth has escalated in the past year, based primarily on his natural gas company.
    Last edited by BillsImpossible; 05-27-2014, 06:15 PM.
  • Ed
    Dude
    • Sep 2002
    • 9245

    #2
    Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

    Wouldn't owning an NFL player agency firm be some kind of conflict of interest? That firm he just bought even represents Marcel Dareus. Can you own an NFL team and agencies that represent players at the same time?

    Comment

    • SpikedLemonade
      • Jun 2024

      #3
      Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

      After he invests all that money for the team and what you say is a privately funded stadium, is he also willing to run the team at a loss rather then recover some reasonable rate of return for his huge investment?

      Why?

      Just because he loves the citizens of Buffalo?

      The Bills made $32M a year recently without an expense for the cost of money (or opportunity cost if not loan interest) because Ralph bought the team for $25K in 1959, had rent subsidized and leasehold improvements predominately paid by the county and did so mostly due to TV sharing revenue.

      Yet Terry Pegula is going to invest $1.5B to $2B on a play that the City of Buffalo is about to explode to become hottest real estate market in the US?

      Terry may buy the team but he will get as much public funds as he can manipulate and start to raise the cost of attending a game dramatically.

      Comment

      • BillsImpossible
        Registered User
        • Mar 2013
        • 16206

        #4
        Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

        Originally posted by Ed View Post
        Wouldn't owning an NFL player agency firm be some kind of conflict of interest? That firm he just bought even represents Marcel Dareus. Can you own an NFL team and agencies that represent players at the same time?
        I don't see a conflict of interest if the agency represents players from all over the league.

        He doesn't own a casino...that's a conflict of interest.

        Comment

        • BillsImpossible
          Registered User
          • Mar 2013
          • 16206

          #5
          Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

          Originally posted by SpikedLemonade View Post
          After he invests all that money for the team and what you say is a privately funded stadium, is he also willing to run the team at a loss rather then recover some reasonable rate of return for his huge investment?

          Why?

          Just because he loves the citizens of Buffalo?

          The Bills made $32M a year recently without an expense for the cost of money (or opportunity cost if not loan interest) because Ralph bought the team for $25K in 1959, had rent subsidized and leasehold improvements predominately paid by the county and did so mostly due to TV sharing revenue.

          Yet Terry Pegula is going to invest $1.5B to $2B on a play that the City of Buffalo is about to explode to become hottest real estate market in the US?

          Terry may buy the team but he will get as much public funds as he can manipulate and start to raise the cost of attending a game dramatically.
          Terry don't need no stinkin' public funding.

          If the team is worth $3 billion 30 years from now, the investment will pay off big.

          Comment

          • SpikedLemonade
            • Jun 2024

            #6
            Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

            Originally posted by BillsImpossible View Post
            Terry don't need no stinkin' public funding.

            If the team is worth $3 billion 30 years from now, the investment will pay off big.
            I would hope the team plus the stadium would be worth $3B is 30 years, but that is not a good rate of return for 30 years.

            So Terry is doing this just because he likes people from Buffalo?

            It is his charity.

            You do realize he made his money elsewhere and not on the ownership of sports teams?

            Yet one day he woke up and decided to become a charity.

            Whoever buys this team buys it on the assumption of a predominately public funded stadium in Buffalo or a tacit agreement by the NFL that they will allow him to relocate the team if said stadium is not built by the expiry of the current lease.

            Comment

            • BertSquirtgum
              Legendary Zoner
              • May 2009
              • 13379

              #7
              Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

              Originally posted by SpikedLemonade View Post
              I would hope the team plus the stadium would be worth $3B is 30 years, but that is not a good rate of return for 30 years.

              So Terry is doing this just because he likes people from Buffalo?

              It is his charity.

              You do realize he made his money elsewhere and not on the ownership of sports teams?

              Yet one day he woke up and decided to become a charity.

              Whoever buys this team buys it on the assumption of a predominately public funded stadium in Buffalo or a tacit agreement by the NFL that they will allow him to relocate the team if said stadium is not built by the expiry of the current lease.
              You want the Bills to move so badly that it's sickening.

              Comment

              • MitchMurrayDowntown
                Skoobasaurus-Rex
                • Oct 2011
                • 22284

                #8
                Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                Will Pegs get the locker rooms fixed up real nice again & have the team become the worst in the league ?? Who cares because the Bills are going nowhere if he buys them !!

                Comment

                • SpikedLemonade
                  • Jun 2024

                  #9
                  Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                  Originally posted by HurkeyNuts View Post
                  You want the Bills to move so badly that it's sickening.
                  Wrong again TurkeyNuts.

                  I want the Bills to stay in Buffalo. They are not going to Toronto. Toronto is 20 years away from possibly getting a NFL team and it won't be the Bills.

                  I believe as long as there is the availability of public funds (75%) for a new stadium, the Bills will remain in Buffalo.

                  No or not enough public funds, then they are gone. The NFL is demanding a new stadium. Minny threw in $500M in public funds.

                  I think the new owner can raise $100M towards his share of the stadium with PSLs like Minny is doing.

                  As long as Buffalo fans are willing to pay league average prices and PSLs, the team will get the support it deserves.

                  No one is talking about the issue of corporate suites.

                  If I recall correctly, the last real threat of the Bills relocation was in the late 90's when the corporate suite leases came up for renewal. Some credited Doug Flutie for creating the excitement at that time to get the suites sold. Do you recall that?

                  Can Celino & Barnes buy a couple more suites this time in a new stadium at much higher prices?

                  Comment

                  • BillsImpossible
                    Registered User
                    • Mar 2013
                    • 16206

                    #10
                    Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                    I think Pegula is going to outbid everyone for this team, and this city.

                    Comment

                    • MitchMurrayDowntown
                      Skoobasaurus-Rex
                      • Oct 2011
                      • 22284

                      #11
                      Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                      Can he own the Sabres as well as the Bills ? Yes he can !!

                      Cross-ownership rule

                      Team owners are now allowed to own teams in multiple major sporting leagues, but those teams need to be in the same city (unless there is no NFL team in the other city). Buffalo native Jeremy Jacobs owns the Boston Bruins, but would have to sell that team in order to become the majority owner of the Bills. Seattle Seahawks owner Paul Allen can also own the Portland Trailblazers because Portland doesn't have an NFL market.
                      Ironically, this rule change was opposed by Ralph Wilson in 1997, when NFL owners lifted restrictions on other sports' owners from purchasing an NFL franchise. To that point, NFL owners collectively wanted their team owners concentrating on football.
                      Last edited by Skooby; 05-27-2014, 07:18 PM.

                      Comment

                      • Dr. Lecter
                        Zero for Zero!
                        • Mar 2003
                        • 67934

                        #12
                        Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                        Originally posted by MitchMurrayDowntown View Post
                        Can he own the Sabres as well as the Bills ?
                        Yes
                        Originally posted by mysticsoto
                        Lecter is right in everything he said.

                        Comment

                        • SpikedLemonade
                          • Jun 2024

                          #13
                          Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                          Originally posted by BillsImpossible View Post
                          I think Pegula is going to outbid everyone for this team, and this city.
                          Do you think he will also bring a NBA and MLB team to Buffalo as well?

                          Comment

                          • IlluminatusUIUC
                            Registered User
                            • Sep 2012
                            • 8966

                            #14
                            Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                            Originally posted by BillsImpossible View Post
                            I don't see a conflict of interest if the agency represents players from all over the league.
                            What? It's an enormous conflict of interest regardless of where the players play. He would have to sell the agency to be an owner.


                            Billszone 2013 Prediction Contest winner!

                            Comment

                            • Dr. Lecter
                              Zero for Zero!
                              • Mar 2003
                              • 67934

                              #15
                              Re: I Think Terry Pegula Is Going To Be The Next Owner of The Buffalo Bills

                              Originally posted by SpikedLemonade View Post
                              Do you think he will also bring a NBA and MLB team to Buffalo as well?
                              Are there teams in those leagues here now?
                              Originally posted by mysticsoto
                              Lecter is right in everything he said.

                              Comment

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