RalphOP83 Posted March 3, 2015 Share Posted March 3, 2015 (edited) Pegula liquidates a quick $1.75 bil to buy the Bills... Prior to the sale he was known as one of the richest owners in the NFL. A friend of mine in the gas/oil industry says Pegula has another couple Billion untapped in shell corps that own fracking/property rights... Can anyone substantiate? Edited March 3, 2015 by RalphOP83 Link to comment Share on other sites More sharing options...
Max997 Posted March 3, 2015 Share Posted March 3, 2015 (edited) Think you mean billion not million Does it really matter how many more billions he's worth? Cap is what it is Edited March 3, 2015 by Max997 Link to comment Share on other sites More sharing options...
KDIGGZ Posted March 3, 2015 Share Posted March 3, 2015 As a thousandaire I can attest that us filthy rich types tend to have some funds stashed away that uncle Sam doesn't know about Link to comment Share on other sites More sharing options...
El Presidente Posted March 3, 2015 Share Posted March 3, 2015 Pegula liquidates a quick $1.75 mil to buy the Bills... Prior to the sale he was known as one of the richest owners in the NFL. A friend of mine in the gas/oil industry says Pegula has another couple Billion untapped in shell corps that own fracking/property rights... Can anyone substantiate? I have no idea but it would not surprise me. Unlike your typical silver spoonfed 1%er, El Pegula is a geologist. He started as poor as the rest of us shrewdly used his knowledge of the land to identify profitable deposits and make business deals. Wouldn't it be funny if there was a huge deposit underneath The Ralph, and his real end game is to move the Bills so he can get at the oil and gas? Link to comment Share on other sites More sharing options...
KDIGGZ Posted March 3, 2015 Share Posted March 3, 2015 I have no idea but it would not surprise me. Unlike your typical silver spoonfed 1%er, El Pegula is a geologist. He started as poor as the rest of us shrewdly used his knowledge of the land to identify profitable deposits and make business deals. Wouldn't it be funny if there was a huge deposit underneath The Ralph, and his real end game is to move the Bills so he can get at the oil and gas? Maybe he wants to relocate the entire city. That's why he bought the Sabres too. Ive always said that Buffalo is the best fracking place to live Link to comment Share on other sites More sharing options...
El Presidente Posted March 3, 2015 Share Posted March 3, 2015 Maybe he wants to relocate the entire city. That's why he bought the Sabres too. Ive always said that Buffalo is the best fracking place to live lol! I tip my beer to you! Link to comment Share on other sites More sharing options...
Webster Guy Posted March 3, 2015 Share Posted March 3, 2015 The important thing is he has enough to hire any coach or executive he wants for as long as he or his children own the team, and spend fully to the cap without concern that it will ever affect his lifestyle. That's what matters to me. Net worth of 3 billion or 30 billion is all the same, as long as it doesn't make him cut corners with his team. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted March 3, 2015 Share Posted March 3, 2015 I ran across a hack article on a hack website listing 10 franchises that won't exist much longer. #4 was the Bills. I laughed. Link to comment Share on other sites More sharing options...
Beerball Posted March 3, 2015 Share Posted March 3, 2015 Pegula liquidates a quick $1.75 mil to buy the Bills... Prior to the sale he was known as one of the richest owners in the NFL. A friend of mine in the gas/oil industry says Pegula has another couple Billion untapped in shell corps that own fracking/property rights... Can anyone substantiate? According to this he has a bit more than Nathan Kirsh and a bit less than Israel Englander Link to comment Share on other sites More sharing options...
Beef Jerky Posted March 3, 2015 Share Posted March 3, 2015 Think you mean billion not million Does it really matter how many more billions he's worth? Cap is what it is But we are paying more for coaching.... No more dumpster dives. Link to comment Share on other sites More sharing options...
EmotionallyUnstable Posted March 3, 2015 Share Posted March 3, 2015 As a thousandaire I can attest that us filthy rich types tend to have some funds stashed away that uncle Sam doesn't know about 😄 Link to comment Share on other sites More sharing options...
machine gun kelly Posted March 3, 2015 Share Posted March 3, 2015 He's been great for Buffalo and as much as I respect Mr. Wilson, he was cheap with coaches. I agree on the dumpster diving comment. Hopefully, Rex will be a hit his second time around, and Whaley has an excellent off season. One good thing is I expect more free agents want to come here. Link to comment Share on other sites More sharing options...
Jmsbills Posted March 3, 2015 Share Posted March 3, 2015 On the day the sale was announced (When he sold the 1.75 B -) at the press conference - he was asked the question about his future in the gas exploration business and he smiled and said " we are not going anywhere and will continue to be a force in the industry" Take that for what it's worth but I think your friend is correct - they have vast holdings in the east and the mountian west. Link to comment Share on other sites More sharing options...
Mark80 Posted March 3, 2015 Share Posted March 3, 2015 (edited) I have no idea but it would not surprise me. Unlike your typical silver spoonfed 1%er, El Pegula is a geologist. He started as poor as the rest of us shrewdly used his knowledge of the land to identify profitable deposits and make business deals. Wouldn't it be funny if there was a huge deposit underneath The Ralph, and his real end game is to move the Bills so he can get at the oil and gas? You do realize that a vast majority of Millionaire and even Billionaire's are self made, right? The number is close to 90% self-made. Edited March 3, 2015 by Mark80 Link to comment Share on other sites More sharing options...
Doc Posted March 3, 2015 Share Posted March 3, 2015 I know he owns a lot more land. How much it's worth is a matter of conjecture since I heard that NG's heyday is coming to an end. But that's one forecast. Link to comment Share on other sites More sharing options...
The Real Buffalo Joe Posted March 3, 2015 Share Posted March 3, 2015 As a thousandaire I can attest that us filthy rich types tend to have some funds stashed away that uncle Sam doesn't know about You think you're better than me? Link to comment Share on other sites More sharing options...
voodoo poonani Posted March 3, 2015 Share Posted March 3, 2015 Pegula liquidates a quick $1.75 bil to buy the Bills... Prior to the sale he was known as one of the richest owners in the NFL. A friend of mine in the gas/oil industry says Pegula has another couple Billion untapped in shell corps that own fracking/property rights... Can anyone substantiate? All I can say is he's expected to be the wealthiest owner in the NFL if the deals he has coming up go through. Link to comment Share on other sites More sharing options...
Doc Posted March 3, 2015 Share Posted March 3, 2015 All I can say is he's expected to be the wealthiest owner in the NFL if the deals he has coming up go through. It will be tough to top Paul Allen. Link to comment Share on other sites More sharing options...
Beerball Posted March 3, 2015 Share Posted March 3, 2015 How much it's worth is a matter of conjecture since I heard that NG's heyday is coming to an end. ~Nervous Guy?~ Link to comment Share on other sites More sharing options...
Lurker Posted March 3, 2015 Share Posted March 3, 2015 Pegula liquidates a quick $1.75 bil to buy the Bills... Prior to the sale he was known as one of the richest owners in the NFL. A friend of mine in the gas/oil industry says Pegula has another couple Billion untapped in shell corps that own fracking/property rights... Can anyone substantiate? http://forums.twobillsdrive.com/topic/176055-pegula-ranked-as-4th-wealthiest-nfl-owner/ It will be tough to top Paul Allen. Yep. Tough to beat $17 billion... Link to comment Share on other sites More sharing options...
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