Big Blitz Posted April 19 Share Posted April 19 (edited) 5 minutes ago, PromoTheRobot said: The man never says anything. People complain because he never talks to the press. Exactly. Politician. Not sure why you’re confirming my criticism then rushing to defend him. It’s ok we can be appreciative of him and offer criticisms at the same time. Edited April 19 by Big Blitz Quote Link to comment Share on other sites More sharing options...
GunnerBill Posted April 19 Share Posted April 19 8 minutes ago, PromoTheRobot said: Hockey is the best sport out there. Sure. If you discount all the others. 1 1 1 Quote Link to comment Share on other sites More sharing options...
PromoTheRobot Posted April 19 Share Posted April 19 (edited) 3 minutes ago, Big Blitz said: Exactly. Politician. Not sure why you’re confirming my criticism then rushing to defend him. It’s ok we can be appreciative of him and offer criticisms at the same time. I'm just amazed how someone could do absolutely nothing and still be painted with evil intentions. Edited April 19 by PromoTheRobot Quote Link to comment Share on other sites More sharing options...
Freddie's Dead Posted April 19 Share Posted April 19 This is not a good development. Minority owners can really screw things up, especially if they want to move the team to much greener pastures. 1 Quote Link to comment Share on other sites More sharing options...
Big Blitz Posted April 19 Share Posted April 19 2 minutes ago, PromoTheRobot said: I'm just amazed how someone could do absolutely nothing and still be painted with evil intentions. Who said the intentions were “evil?” Quote Link to comment Share on other sites More sharing options...
Freddie's Dead Posted April 19 Share Posted April 19 19 minutes ago, Augie said: I started a job once on the same day as another guy and we became friends. His last name was Ruggerio, nice guy from Chicago. So, I’m sitting in his office one day and I notice his name plate says Ruggiero. I had to ask if he spelled his own name wrong, or just pronounced it wrong. Say it out loud. He seemed genuinely confused. No, that’s the way it is. Okay then……. 🤷♂️ Some kitchen stuff is one thing, but your own NAME??? 😂 OK Augs, why is Favre pronounced Farve, wiseguy? Quote Link to comment Share on other sites More sharing options...
GunnerBill Posted April 19 Share Posted April 19 5 minutes ago, Freddie's Dead said: This is not a good development. Minority owners can really screw things up, especially if they want to move the team to much greener pastures. Kroenke started as a minority owner in St Louis.... 1 1 Quote Link to comment Share on other sites More sharing options...
PromoTheRobot Posted April 19 Share Posted April 19 4 minutes ago, Big Blitz said: Who said the intentions were “evil?” When is calling someone a politician a compliment? 1 Quote Link to comment Share on other sites More sharing options...
Ed_Formerly_of_Roch Posted April 19 Share Posted April 19 2 hours ago, dma0034 said: Interesting considering there were rumors about him trying to sell the Sabres yesterday Maybe they saw the smoke coming, but didn't realize it was blowing in a different direction. 2 hours ago, Back2Buff said: Makes zero sense to me. Can't believe the Pegula's have money issues. Reading the article about Kevin Adams season ending presser, he implied Terry is very per-occupied with Kim. Maybe he sees the 25% owner as becoming more of a face of the franchise and he can take a back seat. Kind of like the last couple of years with RW. He was no longer attending league meeting, was sending Russ. Could be Terry feels better to send someone to represent the team who actually has a large amount of skin in the game, but no so much skin to over rule him. Article also talked about how this is becoming more popular as becoming more difficult for the heirs to keep the team in the family due to large tax issues. Initially Terry may have figured good chance Kim will out live him and she'll run things. That looks less likely now, maybe kids either don't want it, can't afford it, or none he feels are totally capable of running it?? Quote Link to comment Share on other sites More sharing options...
Augie Posted April 19 Share Posted April 19 4 minutes ago, Freddie's Dead said: OK Augs, why is Favre pronounced Farve, wiseguy? I think you should ask the Commish. 😂 1 Quote Link to comment Share on other sites More sharing options...
SoCal Deek Posted April 19 Share Posted April 19 20 minutes ago, PromoTheRobot said: Why on earth would anyone want to own a team in this town? Every time your team loses, people blame you and demand you sell the team. What? The team has had a grand total of TWO owners in 65 years and the first Owner is dead! It’s hardly been a revolving door. 1 Quote Link to comment Share on other sites More sharing options...
BillsFanForever19 Posted April 19 Share Posted April 19 Why would anyone want to pay $925 million dollars (and probably be asked to help with finances for the team) and have no say in anything? Quote Link to comment Share on other sites More sharing options...
KDIGGZ Posted April 19 Share Posted April 19 Pegulas found out how much the PSL was for their seats and they needed a way to come up with the money 3 Quote Link to comment Share on other sites More sharing options...
papazoid Posted April 19 Share Posted April 19 17 minutes ago, GunnerBill said: Kroenke started as a minority owner in St Louis.... Bisciotti was a minority owner of the Ravens Tepper was a minority owner of the Steelers Haslam was a minority owner of the Steelers Ross started with 50% of Dolphins Quote Link to comment Share on other sites More sharing options...
Process Posted April 19 Share Posted April 19 22 minutes ago, Ed_Formerly_of_Roch said: Maybe they saw the smoke coming, but didn't realize it was blowing in a different direction. Reading the article about Kevin Adams season ending presser, he implied Terry is very per-occupied with Kim. Maybe he sees the 25% owner as becoming more of a face of the franchise and he can take a back seat. Kind of like the last couple of years with RW. He was no longer attending league meeting, was sending Russ. Could be Terry feels better to send someone to represent the team who actually has a large amount of skin in the game, but no so much skin to over rule him. Article also talked about how this is becoming more popular as becoming more difficult for the heirs to keep the team in the family due to large tax issues. Initially Terry may have figured good chance Kim will out live him and she'll run things. That looks less likely now, maybe kids either don't want it, can't afford it, or none he feels are totally capable of running it?? Great point and seems highly likely. Terry liquidating a piece of the team to help cover costs, and also looking for someone to run things and be more hands on. We have to hope that Pegula will only look to bring in people committed to keeping the bills in Buffalo. Quote Link to comment Share on other sites More sharing options...
Low Positive Posted April 19 Share Posted April 19 8 minutes ago, papazoid said: Bisciotti was a minority owner of the Ravens Tepper was a minority owner of the Steelers Haslam was a minority owner of the Steelers Ross started with 50% of Dolphins And Pegula was a minority owner of the Penguins. Quote Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted April 19 Share Posted April 19 48 minutes ago, PromoTheRobot said: Why on earth would anyone want to own a team in this town? Every time your team loses, people blame you and demand you sell the team. The sabres haven't won in what, 15 years? I think criticism of ownership is warranted in that circumstance. 1 Quote Link to comment Share on other sites More sharing options...
Donuts and Doritos Posted April 19 Share Posted April 19 If we ALL pool our Money maybe... 1 Quote Link to comment Share on other sites More sharing options...
FLFan Posted April 19 Share Posted April 19 So I guess people thought that Terry was going to live forever and the Government will waive inheritance taxes for the Bills owners. This is the least surprising development this month with the Bills. When you have an asset that triples in value in a relatively short term, turning some of that appreciation into cash is certainly not unusual, especially when you have a near term need for $600 m in cash or so in addition to some estate planning to do. A minority owner at this point changes absolutely nothing with respect to the Bills long term prospects in WNY. In fact, the finances of this deal may well increase the chances that the Pegulas can keep control in the family for the long term. It seems that this is the intent. 2 1 1 Quote Link to comment Share on other sites More sharing options...
Mango Posted April 19 Share Posted April 19 (edited) 18 hours ago, PromoTheRobot said: Why on earth would anyone want to own a team in this town? Every time your team loses, people blame you and demand you sell the team. Lets be real here. Terry got a pass for nearly a decade of ownership. The heat didn't start turning up until Covid, then a failure to maintain the facilities, and now the team is tied for the least amount of scouts in the league and has half the analytics and player development staff of some other franchises in the league. Terry didn't just lose a few hockey games and get booed. He is on a literal historic run of ineptitude setting the record for longest playoff drought in NHL history. Since March 1, 2011 no team in the NHL has a worse P% than Terry Pegula's Buffalo Sabres. This isn't hyperbole. It is the current state of the franchise. Edited April 20 by Mango 3 Quote Link to comment Share on other sites More sharing options...
DaVinci Posted April 19 Share Posted April 19 (edited) Yes. nows are chance. We just need 60 000 fans to invest a modest amount and we are owners Edited April 19 by DaVinci spelling 1 1 Quote Link to comment Share on other sites More sharing options...
BananaB Posted April 19 Share Posted April 19 I heard Caleb Williams wanted part ownership of a team…. He just wanted it handed to him though. 1 Quote Link to comment Share on other sites More sharing options...
Motorin' Posted April 19 Share Posted April 19 2 minutes ago, DaVinci said: Yes. nows are chance. We just need 60 000 fans to invest a modest amount and we are owners You know, that would cost around $16k per fan... So basically the cost of the PSL, lol 2 Quote Link to comment Share on other sites More sharing options...
Malazan Posted April 19 Share Posted April 19 I wonder if there's some sort of expense he's occurred that's hundreds of million of dollars and is already costing more than the estimates during a time of massive inflation that he might want to fund with this.. 1 Quote Link to comment Share on other sites More sharing options...
Royale with Cheese Posted April 19 Share Posted April 19 Do they have a 300 year financing plan? Quote Link to comment Share on other sites More sharing options...
JaCrispy Posted April 19 Share Posted April 19 It was that damn Josh Allen contract! 😉 Quote Link to comment Share on other sites More sharing options...
major Posted April 19 Share Posted April 19 1 minute ago, JaCrispy said: It was that damn Josh Allen contract! 😉 Guess we better trade Allen to the bears for the first pick,where we not only get a QB in Williams, but a potential 25% owner 😂😂 1 Quote Link to comment Share on other sites More sharing options...
gflande1 Posted April 19 Share Posted April 19 2 hours ago, Einstein said: 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%. I didn’t realize it was that low…I agree, would be a drop in the bucket, especially when you consider the value of the team in a different city. 1 Quote Link to comment Share on other sites More sharing options...
WotAGuy Posted April 19 Share Posted April 19 Of all the explanations here, I think the most plausible is Terry’s OnlyFans addiction. Quote Link to comment Share on other sites More sharing options...
AlCowlingsTaxiService Posted April 19 Share Posted April 19 Jon BonJovi first in line …. Quote Link to comment Share on other sites More sharing options...
BillsFan4 Posted April 19 Share Posted April 19 (edited) I wonder if this might be related to the NFL getting ready to approve investments from private equity firms. They were set to vote on it at the league meeting in March. The vote was pushed another month but it sounds like it’s expected to pass. https://www.sportspromedia.com/news/nfl-teams-private-equity-funds-institutional-investment-rule-changes/ I would not be at all surprised if that’s who bought shares of the Bills. There was an article about this back in February. https://www.crainsnewyork.com/sports-recreation/nfl-owners-face-huge-real-estate-taxes-keep-teams-family Quote That growth has helped make NFL team owners rich. But it has also created succession-planning challenges in a league that venerates family and tradition — and could force the doors open for investors driven by financial imperatives. In September, the NFL formed a special committee of five owners to consider ending a block on private-equity funds. The nation's other top sports leagues have already lowered the gates for such investors, but the country’s most popular one has remained a holdout. Clark Hunt, a part owner and chairman of the Kansas City Chiefs — who will face the San Francisco 49ers in Super Bowl LVIII in Las Vegas on Sunday — said in an interview that the league has been watching as other sports dip their toes into private equity. “I do think it is an avenue that can be helpful from a capital standpoint,” said Hunt, who is also chairman of the NFL’s finance committee, a member of the panel looking into the private-equity rules and a son of Chiefs founder Lamar Hunt. Clearing a path for private equity is likely to result in a series of deals in short order, with six to eight teams potentially selling minority stakes within a year, according to an executive for one NFL team who declined to be identified because they aren’t authorized to speak publicly on the matter. Approval of the private equity plan is expected to come at the league’s annual meeting next month, according to people familiar with the process. Quote Other leagues have dealt with surging franchise values, which have put buying even part of a team out of reach for all but the ultra-rich, by letting in institutional investors. Specialized private equity firms have set up funds to buy passive stakes in franchises in the National Basketball Association, Major League Baseball and the National Hockey League. For the NFL, allowing in such vehicles would help teams raise capital and give minority partners a way to cash out. “To give an example the cost of building and renovating stadiums continues to rise at a very fast rate,” said Hunt, the Chiefs owner, “and having the ability to access outside capital to help facilitate projects like that would be beneficial.” It would give Pegula access to cash for the new stadium construction, and it’d likely be a passive ownership investment which I think would suit them well. Edited April 19 by BillsFan4 1 1 1 Quote Link to comment Share on other sites More sharing options...
NORWOODS FOOT Posted April 19 Share Posted April 19 Maybe Josh Allen could get the 25% as part of renegotiated salary and save us a lot of cap space. 🙃 Quote Link to comment Share on other sites More sharing options...
Don Otreply Posted April 19 Share Posted April 19 Someone let me know when I should get “concerned” , “worried” , or down right neurotic, thanks in advance, 😁👍🍸🚬 1 Quote Link to comment Share on other sites More sharing options...
NoHuddleKelly12 Posted April 19 Share Posted April 19 I’m good as long as it’s not someone from the erstwhile Toronto hosting group (was that Adelphi?) or Jon Bon Jovi 🤔. Quote Link to comment Share on other sites More sharing options...
AlCowlingsTaxiService Posted April 19 Share Posted April 19 3 hours ago, Pine Barrens Mafia said: I'm guessing not. Who knows. He never did drill another well to bring the sabres a cup Quote Link to comment Share on other sites More sharing options...
cwater10 Posted April 19 Share Posted April 19 4 hours ago, Augie said: I’m good for 25% of your 25%. I must admit, I did not see this coming when I woke up this morning. I’m glad there is a stadium coming out of the ground, because I’m having Buffalo Braves flashbacks. I feel I giant Mangurian headache coming on. Think I'll go sit in the dark until it passes. Quote Link to comment Share on other sites More sharing options...
The Jokeman Posted April 19 Share Posted April 19 4 hours ago, Buffalo_Stampede said: Probably get some celebrities as part owner. Jim, Thurman. Bruce, Andre and Steve. Quote Link to comment Share on other sites More sharing options...
Kaenon Posted April 19 Share Posted April 19 Does the new 25% owner take on 25% of the upcoming stadium overruns? I would probably think so, lol. Quote Link to comment Share on other sites More sharing options...
djp14150 Posted April 19 Share Posted April 19 4 hours ago, Buffalo_Stampede said: Probably get some celebrities as part owner. I expect Jeremy Jacobs to buy it. Quote Link to comment Share on other sites More sharing options...
PromoTheRobot Posted April 19 Share Posted April 19 2 hours ago, SoCal Deek said: What? The team has had a grand total of TWO owners in 65 years and the first Owner is dead! It’s hardly been a revolving door. I don't mean that. I mean having people hate you if the team is bad. 1 hour ago, Pine Barrens Mafia said: The sabres haven't won in what, 15 years? I think criticism of ownership is warranted in that circumstance. I rest my case 1 Quote Link to comment Share on other sites More sharing options...
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