richNjoisy Posted January 31, 2011 Share Posted January 31, 2011 (edited) http://www.wgr550.com/sabrespace/9086770 and http://sports.espn.go.com/nhl/news/story?id=6071370 Edited January 31, 2011 by richNjoisy Link to comment Share on other sites More sharing options...
sven233 Posted January 31, 2011 Share Posted January 31, 2011 Obviously this is GREAT news for Sabres fans. Not to get too far ahead of everything, but I am really hoping this turns into GREAT news for BILLS fans someday.......guy has a lot of money and he could play a HUGE role in keeping the Bills here long term! For now, though, just glad he is taking over the Sabres. Great news for Buffalo. Link to comment Share on other sites More sharing options...
bills1960 Posted January 31, 2011 Share Posted January 31, 2011 Great, if only the Bills could do this. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted January 31, 2011 Share Posted January 31, 2011 Even at $189 Million Terry Pegula bought the Sabres with just the interest off his $3+ Billion fortune. He can certainly afford the Bills but he'd have to cut into his principal. PTR Link to comment Share on other sites More sharing options...
billsfaninvgs Posted January 31, 2011 Share Posted January 31, 2011 This is great because he seems like a huge fan... He has the money to really go after the cup... This will be really really great for buffalo Link to comment Share on other sites More sharing options...
Jerry Jabber Posted January 31, 2011 Share Posted January 31, 2011 Definitely great news for Sabres fans! Many have said that Pegula wants to win Stanley Cups (plural), Buffalo and it's fans across the country definitely deserve that, especially after 4 Superbowl losses, No Goal, The Forward Lateral and 11 years and counting of the Bills missing the playoffs. Link to comment Share on other sites More sharing options...
Mr. WEO Posted January 31, 2011 Share Posted January 31, 2011 Even at $189 Million Terry Pegula bought the Sabres with just the interest off his $3+ Billion fortune. He can certainly afford the Bills but he'd have to cut into his principal. PTR I don't think that 3 billion is that liquid. Link to comment Share on other sites More sharing options...
silvermike Posted January 31, 2011 Share Posted January 31, 2011 I don't think that 3 billion is that liquid. When you've got three billion dollars in anything, it's remarkable who you can find to loan you $800,000,000 to buy a football team. Link to comment Share on other sites More sharing options...
Mr. WEO Posted January 31, 2011 Share Posted January 31, 2011 When you've got three billion dollars in anything, it's remarkable who you can find to loan you $800,000,000 to buy a football team. That's more like it. Link to comment Share on other sites More sharing options...
Kkspike Posted January 31, 2011 Share Posted January 31, 2011 First thing he better do is buy out Larry Quinn and have him escorted of the premisis Link to comment Share on other sites More sharing options...
Doc Posted February 1, 2011 Share Posted February 1, 2011 (edited) I don't think that 3 billion is that liquid. When you've got three billion dollars in anything, it's remarkable who you can find to loan you $800,000,000 to buy a football team. That's more like it. He doesn't need all $3B to be liquid. Or even $800M. He needs about half the selling price of the team, plus a bunch of other investors to make up the difference, like family who have made fortunes off of him. Not dissimilar to what Dan Snyder did. Edited February 1, 2011 by Doc Link to comment Share on other sites More sharing options...
Kelly the Dog Posted February 1, 2011 Share Posted February 1, 2011 He doesn't need all $3B to be liquid. Or even $800M. He needs about half the selling price of the team, plus a bunch of other investors to make up the difference, like family who have made fortunes off of him. Not dissimilar to what Dan Snyder did. The official amount required by the NFL, IIRC, is only 30% majority ownership. But that's unlikely he would do such a thing. If he wanted the Bills, he could and probably would just buy them outright. I'm sure he could find a bunch of minority owners if he wanted, however. Link to comment Share on other sites More sharing options...
Steve O Posted February 1, 2011 Share Posted February 1, 2011 Does anyone even know if he likes football? Just googled his name, looked through about 5 of the results - lots on hockey and energy, didn't even see the word football mentioned. Link to comment Share on other sites More sharing options...
Doc Posted February 1, 2011 Share Posted February 1, 2011 The official amount required by the NFL, IIRC, is only 30% majority ownership. But that's unlikely he would do such a thing. If he wanted the Bills, he could and probably would just buy them outright. I'm sure he could find a bunch of minority owners if he wanted, however. I figured he'd want to own at least half the team, that way no one (or ones) could sell their portion to someone who could get a majority. I suppose he could want to own them outright, but I don't know anything about him. Link to comment Share on other sites More sharing options...
Kelly the Dog Posted February 1, 2011 Share Posted February 1, 2011 Does anyone even know if he likes football? Just googled his name, looked through about 5 of the results - lots on hockey and energy, didn't even see the word football mentioned. From what I have read he does like football as well. I think he was a Bills season ticket holder, too, when he lived in Orchard Park. This article cites his interest in the Bills, as well as a friend of his that allegedly said he wouldn't rule out owning the Bills, too. http://www.buffalonews.com/sports/sabres-nhl/article271298.ece Link to comment Share on other sites More sharing options...
bills1960 Posted February 1, 2011 Share Posted February 1, 2011 From what I have read he does like football as well. I think he was a Bills season ticket holder, too, when he lived in Orchard Park. This article cites his interest in the Bills, as well as a friend of his that allegedly said he wouldn't rule out owning the Bills, too. http://www.buffalonews.com/sports/sabres-nhl/article271298.ece I know this is more hypothetical talk (about buying the Bills) but is it possible for a guy to own both an NHL and an NFL team? Link to comment Share on other sites More sharing options...
silvermike Posted February 1, 2011 Share Posted February 1, 2011 I know this is more hypothetical talk (about buying the Bills) but is it possible for a guy to own both an NHL and an NFL team? In the same city, yes. Not in two different markets. I guess they don't want you competing against another owner? Link to comment Share on other sites More sharing options...
bills1960 Posted February 1, 2011 Share Posted February 1, 2011 In the same city, yes. Not in two different markets. I guess they don't want you competing against another owner? ...get it done. Link to comment Share on other sites More sharing options...
RyanC883 Posted February 1, 2011 Share Posted February 1, 2011 I'm a Pens fan (flame away...didn't start watching hockey till I moved from Buffalo to Pittsburgh) but it's great to see that the Sabers will be staying in Buffalo for a long time. The City deserves it. Now lets keep the Bills here long term and win a Super Bowl!! Steeler fans always say they are the greatest, but Buffalo Bills fans are the best. No championships in forever, and the stadium still sells out regularly, sites like this exist, and people live and die for the team. Go Bills! Link to comment Share on other sites More sharing options...
agardin Posted February 1, 2011 Share Posted February 1, 2011 Even worse for me, Habs fan, but would love to see the Sabres competitive and winning. I love going down to watch games, great fans and a great rink. Link to comment Share on other sites More sharing options...
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