Mango Posted April 19 Share Posted April 19 It has been clear for some time Terry needs some more cash. I think he is likely over invested in sports and the Harbor Center and doesn't have enough liquidity. "Nothing to see here I am not selling anything everything is cool. The years of a leaking roof (KBC), keeping the scoreboard for 2x the factory recommendations, bottom half spending across the NHL 7 of the last 9 years, and getting out of any major contractual obligations are just happenstance" - Terry Pegula "I am selling stuff"- Also Terry Pegula (25% of the Bills, backed out of the BCA lease, and selling the Rochester Knighthawks after saying he wouldn't 2 weeks ago) 1 1 Quote Link to comment Share on other sites More sharing options...
boater Posted April 19 Share Posted April 19 (edited) 1 hour ago, noacls said: The browns and colts say hello. And the Rams, Raiders, and the Chargers. $28 million to leave year 7 is a drop in the bucket. EDIT UPDATE: I got the wrong lease here. I posted better: https://www.twobillsdrive.com/community/topic/254136-pegulas-selling-25-of-the-bills-per-tim-graham/page/5/#comment-9027190 Edited April 19 by boater 1 Quote Link to comment Share on other sites More sharing options...
SoonerBillsFan Posted April 19 Share Posted April 19 2 minutes ago, Call_Of_Ktulu said: I hope not, KC held the crap out of the Bills Ravens and 49ers in the Playoffs and not one holding penalty was called. If this keeps happening it should devalue the DT/DE positions. A 3-4 defense with a Joker LB that can just rush from anywhere he wants is probably the way to go. I would love switching back to a blitzing 3-4 defense Quote Link to comment Share on other sites More sharing options...
Process Posted April 19 Share Posted April 19 1 minute ago, boater said: And the Rams, Raiders, and the Chargers. $28 million to leave year 7 is a drop in the bucket. The lease for the new stadium is only 10 years? 1 Quote Link to comment Share on other sites More sharing options...
Bills Fan in MD Posted April 19 Share Posted April 19 54 minutes ago, Roundybout said: Allen & Company? So now Josh is handling quarterbacking, drafting, and banking? 1 Quote Link to comment Share on other sites More sharing options...
Mango Posted April 19 Share Posted April 19 Just now, Toomstone.Part.Duex said: Its difficult to imagine the amount of money some people have. You'd need over 900 Million just to get a 25% stake. It is bonkers. I totally agree. Also, if he can find a buyer committed to keeping the Sabres in Buffalo for eternity he should 100% do that. They are valued at $900M and he is the worst owner the league has ever seen. Or maybe this is the best route? That means somebody else could be in the room with Terry and he can help save this franchise from the ol' Ter-Bear when it comes time to eventually replace Beane/Allen. The Sabres also act as a distraction for Terry. I imagine Brandon Beane waving the Sabres around like an imaginary ball for a dog to get Terry out of the room. Quote Link to comment Share on other sites More sharing options...
Starr Almighty Posted April 19 Share Posted April 19 36 minutes ago, warrior9 said: Yeah Mark Cuban recently did this with the Mavs.. but he actually did the majority Cuban is trying to get a casino and new arena built so he can make even more money. His best bet was to sell to Sands Casino to get the ball rolling. Quote Link to comment Share on other sites More sharing options...
Einstein Posted April 19 Share Posted April 19 3 minutes ago, gflande1 said: Bills aren’t going anywhere, they have a long term lease in place…it would cost a fortune to break that lease. The lease is garbage. I agree the Bills aren't going anywhere (why would they? brand new stadium and all), but if someone were to pay over $5 Billion to buy the team outright (the current value of the team), what is to stop them from paying another 16% to move the team? Nothing. Just 16%. Quote Link to comment Share on other sites More sharing options...
14774 Posted April 19 Share Posted April 19 34 minutes ago, Allen2D̶i̶g̶g̶s̶TBD said: Erie County residents should already own 25% of the team considering we paid for the stadium. Not just Erie County. Those of us in Allegany County are paying too, and won't see nearly as much economic "benefit".👍 Quote Link to comment Share on other sites More sharing options...
papazoid Posted April 19 Share Posted April 19 pretty simple....he has a cash flow problem to pay for the new stadium cost overuns. Quote Link to comment Share on other sites More sharing options...
mushypeaches Posted April 19 Share Posted April 19 I thought that he was just going to drill another oil well instead?? 1 Quote Link to comment Share on other sites More sharing options...
Gregg Posted April 19 Share Posted April 19 2 minutes ago, Process said: The lease for the new stadium is only 10 years? 30 years. Quote Link to comment Share on other sites More sharing options...
warrior9 Posted April 19 Share Posted April 19 1 minute ago, Starr Almighty said: Cuban is trying to get a casino and new arena built so he can make even more money. His best bet was to sell to Sands Casino to get the ball rolling. Oh I'm aware. I live in Dallas and am FULLY aware of his future plans . 1 Quote Link to comment Share on other sites More sharing options...
Augie Posted April 19 Share Posted April 19 38 minutes ago, Allen2D̶i̶g̶g̶s̶TBD said: Erie County residents should already own 25% of the team considering we paid for the stadium. You paid for part of the stadium, not the team. Very different. 1 Quote Link to comment Share on other sites More sharing options...
buffblue Posted April 19 Share Posted April 19 6 minutes ago, boater said: And the Rams, Raiders, and the Chargers. $28 million to leave year 7 is a drop in the bucket. That was the previous lease lol. Notice how it says 10 years? The new lease is for 30. It does contain a decreasing out as time goes on, but it's not remotely possible for at least 15 or so years. Quote Link to comment Share on other sites More sharing options...
Augie Posted April 19 Share Posted April 19 10 minutes ago, Toomstone.Part.Duex said: Its difficult to imagine the amount of money some people have. You'd need over 900 Million just to get a 25% stake. They say the first million is the hardest. Then you only need 899 million more. Quote Link to comment Share on other sites More sharing options...
boater Posted April 19 Share Posted April 19 I was wrong in my previous post. Thanks to all who have point it out. But the termination fee in the big picture is still very little. This from the Buffalo News: 1 Quote Link to comment Share on other sites More sharing options...
buffaloboyinATL Posted April 19 Share Posted April 19 Jon Bon Jovi has entered the chat… 1 Quote Link to comment Share on other sites More sharing options...
Einstein Posted April 19 Share Posted April 19 Just now, boater said: I was wrong in my previous post. Thanks to all who have point it out. But the termination fee in the big picture is still very little. This from the Buffalo News: This is correct. As I mentioned above, if the Pegulas did ever sell the team to a buyer at the team value of $5B, it would only cost that buyer 16% more to move the team. Some people would simply see that as a cost of doing business. But moving is not a concern right now. This minority sale of the team is simply due to PSL's not selling as they hoped. 2 Quote Link to comment Share on other sites More sharing options...
Ridgewaycynic2013 Posted April 19 Share Posted April 19 (edited) Edited April 19 by Ridgewaycynic2013 3 Quote Link to comment Share on other sites More sharing options...
EmotionallyUnstable Posted April 19 Share Posted April 19 Alright fanatics, Venmo me your spare change and let’s get this done 1 Quote Link to comment Share on other sites More sharing options...
GunnerBill Posted April 19 Share Posted April 19 Eeek. That is not good news. 1 1 Quote Link to comment Share on other sites More sharing options...
Don Otreply Posted April 19 Share Posted April 19 Can we work this into a fire McDermott thread? 🤣 1 Quote Link to comment Share on other sites More sharing options...
GunnerBill Posted April 19 Share Posted April 19 Sell the ***** Sabres they are next to useless. 2 2 1 Quote Link to comment Share on other sites More sharing options...
papazoid Posted April 19 Share Posted April 19 calm down folks the team is not leaving he has a cash flow issue to pay for stadium cost over runs...likely north of $600 mil Quote Link to comment Share on other sites More sharing options...
Aussie Joe Posted April 19 Share Posted April 19 Can’t Terry just drill another well if he is short of money? 1 minute ago, GunnerBill said: Sell the ***** Sabres they are next to useless. He might need some real money 1 Quote Link to comment Share on other sites More sharing options...
LabattBlue Posted April 19 Share Posted April 19 1 minute ago, GunnerBill said: Sell the ***** Sabres they are next to useless. Actually, it is Pegula who has ruined the franchise. Quote Link to comment Share on other sites More sharing options...
Lost Posted April 19 Share Posted April 19 Will there be disputes with 2 owners over who's forking over all the cash for signing bonuses? Quote Link to comment Share on other sites More sharing options...
The Wiz Posted April 19 Share Posted April 19 2 minutes ago, Don Otreply said: Can we work this into a fire McDermott thread? 🤣 54 minutes ago, HomeskillitMoorman said: There's a 25% chance now that McD is on the hot seat! I'll take it! Already there. 1 Quote Link to comment Share on other sites More sharing options...
0017 Posted April 19 Share Posted April 19 I just heard Taylor Swift is interested Buffalo!! Quote Link to comment Share on other sites More sharing options...
GunnerBill Posted April 19 Share Posted April 19 Just now, LabattBlue said: Actually, it is Pegula who has ruined the franchise. But still. Sell it. They are garbage. And seriously.... who watches sports that involve skating? 2 3 2 3 Quote Link to comment Share on other sites More sharing options...
Einstein Posted April 19 Share Posted April 19 2 minutes ago, GunnerBill said: Sell the ***** Sabres they are next to useless. If you believe the rumors, they have been trying to sell the Sabres for about 9 months now. Quote Link to comment Share on other sites More sharing options...
Augie Posted April 19 Share Posted April 19 Just now, GunnerBill said: But still. Sell it. They are garbage. And seriously.... who watches sports that involve skating? ….or kicking a ball. That is so childish. 1 1 1 1 Quote Link to comment Share on other sites More sharing options...
Process Posted April 19 Share Posted April 19 Just now, Einstein said: If you believe the rumors, they have been trying to sell the Sabres for about 9 months now. Isn't what is happening the exact opposite of what that guy tweeted? Quote Link to comment Share on other sites More sharing options...
Gregg Posted April 19 Share Posted April 19 2 minutes ago, GunnerBill said: But still. Sell it. They are garbage. And seriously.... who watches sports that involve skating? I do. Hockey is my 2nd favorite sport. Playoff hockey is one of the best times of year for sports IMHO. 1 4 1 Quote Link to comment Share on other sites More sharing options...
Beck Water Posted April 19 Share Posted April 19 1 hour ago, Aimee75 said: Can someone break this down for an idiot like me and tell me what this means? I think it means this: Quote The Pegulas are on the hook for any cost overruns on a stadium that initially was projected to cost $1.4 billion, although industry experts forecast the final price tag will be closer to $2 billion. The state’s contribution was capped at $600 million, while Erie County’s was capped at $250 million. 1 Quote Link to comment Share on other sites More sharing options...
london_bills Posted April 19 Share Posted April 19 Guessing Jessica pegula doesn't want it 😔 Quote Link to comment Share on other sites More sharing options...
Aussie Joe Posted April 19 Share Posted April 19 3 minutes ago, Einstein said: If you believe the rumors, they have been trying to sell the Sabres for about 9 months now. Correction - Everything but 75 percent of the Bills.. Quote Link to comment Share on other sites More sharing options...
BrainwashedBillsFan Posted April 19 Share Posted April 19 This is bad. But maybe he’s selling the 25% to his daughter? She got some coin Quote Link to comment Share on other sites More sharing options...
Fan in Chicago Posted April 19 Share Posted April 19 8 minutes ago, Aussie Joe said: Can’t Terry just drill another well if he is short of money? He might need some real money I know you are joking but the gas from such a well is currently selling for historically low prices. The US is producing way too much natural gas right now. Quote Link to comment Share on other sites More sharing options...
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