Bills confirm agreement reached with Pegulas to buy franchise [1:58 AM]
Buffalo News reports: 'A source close to the Bon Jovi bidding group, who spoke on condition of anonymity, said the group bid $1,050,000,000 for the Bills and could have gone higher but felt that amount matched the team’s value. The source also said media reports that the rocker had split apart from the two Toronto investors were incorrect.'
Source: Bon Jovi group bid $1.05 billion, could have gone higher [1:57 AM]
Buffalo News reports: 'The source added that Bon Jovi and his group signed a waiver during negotiations that they would not move the team to Toronto or any other city and that the group was engaged in talks with unidentified entities to build a new stadium in Western New York.'
Other Bills bidders bow out gracefully [1:56 AM]
Buffalo News reports: '“It was my great honor to have the opportunity to bid on the Buffalo Bills football team,” billionaire developer Donald Trump declared in statement. “A large part of the reason for my bid was to ensure that the team remained in Buffalo.'
Yes, we do believe in miracles [1:55 AM]
Buffalo News reports: 'I mean, you can’t make this stuff up. The sale is not yet official. The NFL owners still have to rubber-stamp it, and you never know with those people.'
Pegulas put a civic win in the books [1:54 AM]
Buffalo News reports: 'In fact, it’s difficult to comprehend how the transaction makes financial sense for the Pegulas and their new NFL partners. There are much bigger markets with far more corporate dollars, starting with Los Angeles and Toronto, that would have generated more money in a revenue-sharing league.'
Timeline: Reviewing the Pegula era in Buffalo [1:53 AM]
Buffalo News reports: 'Here’s a refresher on Pegula’s history in the limelight in Buffalo.'
Pegula-style ownership reflects sense of passionate commitment [1:52 AM]
Buffalo News reports: '“What you’ll find, when you’re around the Pegulas, is everything is 100 percent first class,” said longtime player Rob Ray, head of the Buffalo Sabres Alumni Association, discussing the Sabres owner a few weeks ago when he was a Bills contender. “It’s awesome.”'
Fans have positive reaction to new owners [1:51 AM]
Buffalo News reports: '“But to buy the Bills and keep them here?” said Sullivan, 39. “They should be naming schools after him – Terry Pegula Middle School.”'
Fans breathe sigh of relief [1:50 AM]
Buffalo News reports: '“It’s a relief,” said Miller, a season-ticket holder from Allegany. “For the rest of my life I don’t have to worry about where the Bills are going to be.”'
This Sunday at The Ralph – the place to be for Buffalo Bills fans [1:49 AM]
Buffalo News reports: 'Ticket prices on the online ticket exchange spiked from a low of nearly $140 to sit in the 26th row of the upper deck to nearly $865 for a seat in the first few rows of the lower sidelines.'
Bills alumni, players give thumbs up to new ownership [1:48 AM]
Buffalo News reports: '“Now that I’m a fan instead of a player, I pull for the Bills, obviously, all the time, but more for the city than for the players themselves,” he said. “I mean, players come and go, but that city has supported the Buffalo Bills for over 50 years, and in my opinion, it’s the best franchise in the whole NFL. They haven’t made the playoffs in 14 years, and they still pack that stadium. I’m just thrilled that he got it. I’m so happy that he got it.”'
Pegula made his fortune by tapping into the fracking frenzy [1:47 AM]
Buffalo News reports: 'Pegula rode the fracking frenzy to transform himself from a successful businessman who had built his own drilling company from scratch into a fabulously successful businessman who was able to sell a majority of his company’s assets in 2010 for $4.7 billion. Pegula’s share of the proceeds: a $3.3 billion fortune that made him one of the richest men in America.'
The origins and reaches of Pegula’s empire [1:46 AM]
Buffalo News reports: 'Sold substantial assets of East Resources, the company he founded in 1983, to Royal Dutch Shell in 2010 for $4.7 billion.'
Pegula ownership of Bills will clarify new stadium process [1:45 AM]
Buffalo News reports: 'But Pegula’s pending purchase of the team likely gives a leg up to potential stadium sites downtown, near the First Niagara Center, where Pegula’s Buffalo Sabres play, and close to the HarborCenter hotel and hockey complex that now is under construction, sources said.'
Where a new Bills stadium might go [1:44 AM]
Buffalo News reports: 'A new downtown stadium near First Niagara Center would allow Pegula to build on the sports-related hub that already is growing at the foot of Main Street and help him leverage the $172 million he is spending to build the HarborCenter complex, which will feature two ice rinks and a 205-room Marriott hotel, as well as a 13,000-square-foot sports-themed restaurant and retail space.'
Sites mentioned for possible new stadium [1:43 AM]
Buffalo News reports: 'Here are the locations that have been most often mentioned over the past few months...'.
Agreement to sell Bills to the Pegulas ends drama over a possible relocation [1:42 AM]
Buffalo News reports: 'The Pegulas are what Buffalo has long needed: an extremely wealthy family whose hearts are in this city – and whose financial investments prove it.'
No plea deal yet for Bills defensive lineman Marcell Dareus [1:41 AM]
Buffalo News reports: 'His next court date is Nov. 18.'
Wilson trust reaches agreement with Pegulas [1:40 AM]
Rochester D&C reports: 'Tears of joy were flowing in Bills Nation, and the collective sigh of relief must have felt like a nor'easter blowing through the region because if the Pegulas do indeed gain control, then the Bills won't be going anywhere, perhaps for generations to come.'
For Bills fans, this news could not be better [1:39 AM]
Rochester D&C reports: 'From the specter of rocker Jon Bon Jovi buying them team and moving it to Toronto to Donald Trump buying the team and turning it into a reality TV show to the deep-pocketed, sports-crazed, energetic Pegulas who already own the NHL's Buffalo Sabres buying the team and keeping it in Buffalo for generations to come … could there have been a better outcome to nearly six months of worry and speculation?'
It's official: Terry and Kim Pegula are new owners of the Buffalo Bills [1:38 AM]
Syracuse Post-Standard reports: 'According to Daniel Kaplan of the Sports Business Journal, Terry and Kim Pegula have agreed to purchase the Bills for $1.4B, which is $300 million more than Stephen Ross paid for the Miami Dolphins back in 2009.'
Terry and Kim Pegula buy the Buffalo Bills: A rare best-case scenario come true [1:37 AM]
Syracuse Post-Standard reports: 'Pegula IS Buffalo. He IS a Bills fan. He's one of YOU. The man tailgated in the parking lots of Ralph Wilson Stadium (then named Rich Stadium) right alongside you.'
Who are Terry Pegula and Kim Pegula? [1:36 AM]
Syracuse Post-Standard reports: 'Kim Pegula will be making decisions: Tim Graham of the Buffalo News has reported that Kim Pegula was the driving force behind the Pegulas purchasing the Buffalo Bills in many ways. Graham also said she will be making executive decisions when it comes to the Bills.'
Jim Kelly, Jeffrey Gundlach release statement on Terry Pegula owning Buffalo Bills [1:35 AM]
Syracuse Post-Standard reports: '"I am so happy to hear that the Pegulas will be the new owners of the Buffalo Bills," Kelly said in a statement. "It's an exciting day for Western New York. As I've said for many years, my first and foremost concern has been ensuring that, when this time came, the team would stay in Buffalo. Terry and Kim Pegula have done a lot for our community; their commitment to Buffalo and Western New York is second to none."'
Donald Trump congratulates Pegula family, Buffalo Bills fans on sale [1:34 AM]
Syracuse Post-Standard reports: 'On Tuesday afternoon, Trump released a congratulatory statement via Adam Benigni of WGRZ in Buffalo. Trump and Bon Jovi both sent out messages of congratulations on Tuesday, and Bills fans got their wish. The Pegulas will be the owners of the Bills, and the team isn't going anywhere.'
Jon Bon Jovi congratulates Terry and Kim Pegula, wishes them luck [1:33 AM]
Syracuse Post-Standard reports: 'Bon Jovi was gracious in defeat. Maybe Bills fans will forgive him now, but it could take some time before his songs are played at Ralph Wilson Stadium.'
Sen. Chuck Schumer releases statement supporting Pegula family [1:32 AM]
Syracuse Post-Standard reports: 'The Pegulas are the perfect choice to carry on Ralph Wilson’s indelible legacy – like Ralph, they have a true commitment to Western New York, are people of serious integrity, and will be excellent owners.'
Buffalo Bills work out former Clemson quarterback Tajh Boyd, according to report [1:31 AM]
Syracuse Post-Standard reports: 'The Buffalo Bills reportedly worked out Sammy Watkins' old quarterback on Tuesday.'
Brandon Spikes blitzing and 5 observations from snap counts, advanced stats [1:30 AM]
Syracuse Post-Standard reports: 'Preston Brown played every snap: Rookie linebacker Preston Brown was the only player to play every snap on defense for the Bills. With Nigel Bradham suspended, the rookie third-round pick got his chance to shine. There were positives (a fumble recovery) and negatives (a blown coverage on Cutler's first touchdown pass) but overall, the experience should help him moving forward.'
Buffalo Bills sale to Pegulas a big win for region [1:29 AM]
Niagara Gazette reports: 'The community owes much thanks to Wilson as well. He demonstrated his commitment to the Western New York community for decades as Bills owner. He helped work with Erie County to develop a lease for Ralph Wilson Stadium that made it more difficult for any outside investor to buy the team and move it away. He also left the franchise in the hands of a trust that included his wife, Mary, and other key advisors who seemed to respect his desire to keep the team in the Buffalo area beyond the bidding process.'
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