Pegula Divests from Knight Hawks after pulling out of Rochester Lease

[Mr. WEO]

1 hour ago, Doc said:

Gee, another irrational Pergula hater joins in. Color me shocked…

 

I don't hate anyone doc. that post wasn't about Pegula....

[RoyBatty is alive]

39 minutes ago, Mr. WEO said:

 

I don't hate anyone doc. that post wasn't about Pegula....

You dont hate anyone, does that include Doc?

Edited 19 hours ago by RoyBatty is alive

[buffblue]

50 minutes ago, Buffalo ill said:

I doubt the Bills go anywhere with the new stadium being constructed.  However, I can only imagine the wrath of fans if they just paid for a new stadium to sit empty.  Time to weld some armor on your Bulldozers..

You think?

[Doc]

16 minutes ago, Mr. WEO said:

I don't hate anyone doc. that post wasn't about Pegula....

Sure it was. You seem to think that making a team competitive after 17 years of missing the playoffs should happen immediately. 

 

2 minutes ago, buffblue said:

You think?

What do you think this whole thread was about?

[buffblue]

9 minutes ago, Doc said:

What do you think this whole thread was about?

Being an alarmist? I interpreted the OP to be more geared to the Sabres potentially moving. In any event thinking the Bills leaving is still a possibility at this point with a new stadium more than half finished is pure silliness.

[Mango]

2 hours ago, Doc said:

Gee, another irrational Pergula hater joins in. Color me shocked…

 

When a guy has a historically bad run with a team in the big 4 leagues, it is not irrational to go "man this guy could really be a major liability in the post McBeane/Allen era". 

[Doc]

18 minutes ago, Mango said:

When a guy has a historically bad run with a team in the big 4 leagues, it is not irrational to go "man this guy could really be a major liability in the post McBeane/Allen era". 

How the Sabres do has no bearing ant all on how the Bills do.  As long as they have Josh Allen at quarterback, they will be a good team. And if McBeane gets removed, there will be many good GM’s and coaches clamoring for the positions. 

Edited 19 hours ago by Doc

[EasternOHBillsFan]

10 hours ago, FireChans said:

Pegs may be the first major sports owner in the US to sell a professional team at a loss. I’m not sure he can give the Sabres away.

 

If the COYOTES can find a home in Utah and the Kraken established in Seattle, then that is definitely a ridiculous statement to make. The Sabres could be bought up by a Quebec group and moved to Quebec City or even investment from a group to move them to Houston. Remember the North Stars? The Nordiques? The Whalers? Anything is possible.

Edited 19 hours ago by EasternOHBillsFan

[Doc]

9 minutes ago, EasternOHBillsFan said:

 

If the COYOTES can find a home in Utah and the Kraken established in Seattle, then that is definitely a ridiculous statement to make. The Sabres could be bought up by a Quebec group and moved to Quebec City or even investment from a group to move them to Houston. Remember the North Stars? The Nordiques? The Whalers? Anything is possible.

If, and only If, Terry stipulates that the new owner has to keep the team in Buffalo will have to take a lot less for it.

[EasternOHBillsFan]

7 minutes ago, Doc said:

If, and only If, Terry stipulates that the new owner has to keep the team in Buffalo will have to take a lot less for it.

 

I am under no false belief that he would keep them in Buffalo no matter what... from what I have seen, the profit motive has become more prevalent. I used to be a Pirates fan, and you can see how much the league factors in how the fans are treated 😞 Manfred doesn't give AF and neither does Bettman.

Edited 18 hours ago by EasternOHBillsFan

[buffblue]

9 minutes ago, EasternOHBillsFan said:

 

If the COYOTES can find a home in Utah and the Kraken established in Seattle, then that is definitely a ridiculous statement to make. The Sabres could be bought up by a Quebec group and moved to Quebec City or even investment from a group to move them to Houston. Remember the North Stars? The Nordiques? The Whalers? Anything is possible.

It's possible for the Sabres but highly unlikely. As bad of an owner as Pegula has been the Sabres were still his "first love" before the Bills. If they go up for sale I can see a stipulation similar to Wilson (or even Golisano) that a buyer must commit to keeping the team in Buffalo. You have to remember that despite the dismal status of the Sabres, the franchise is worth 1.1 billion per Forbes. Pegula has made a very nice return on his original 160 million investment.

 

I'm not entirely convinced he is looking to sell. The arena upgrades are going to be the big determinant. I think Pegula is biding his time knowing NYS just invested so much in the Bills stadium and realizing his hockey club needs to become more competitive before asking for public funding. 

 

Regardless, Buffalo is such a strong hockey market that it is very difficult to believe the NHL would want to see the team relocated whatever Pegula decides to do.

[FLFan]

16 minutes ago, Doc said:

If, and only If, Terry stipulates that the new owner has to keep the team in Buffalo will have to take a lot less for it.

I am beginning to think that the only thing between the Sabres relocating and not right now is the disparity in the fee the NHL collects for a new franchise vs a relocation.  Currently $2 Billion via $200 Million.  I would not be at all surprised that Terry is looking for an exit ramp from the Sabres nightmare, but easier said than done.  

[boater]

Pegula is just doing house cleaning of his financial portfolio, as men his age like to do.

 

He's getting rid of marginal operations.*

 

He's keeping profitable operations.

 

Nothing to see here.

 

 

* he'd sell the Sabres if he could, but he would do so at a loss right now and is waiting for them to uptick in value

 

EDIT: * he'd sell the Sabres but they would sell below market value, he is waiting for them to uptick in value

Edited 4 hours ago by boater

[Doc]

1 hour ago, FLFan said:

I am beginning to think that the only thing between the Sabres relocating and not right now is the disparity in the fee the NHL collects for a new franchise vs a relocation.  Currently $2 Billion via $200 Million.  I would not be at all surprised that Terry is looking for an exit ramp from the Sabres nightmare, but easier said than done.  

I don’t think he’s looking for an exit ramp. 

 

1 hour ago, boater said:

Pegula is just doing house cleaning of his financial portfolio, as men his age like to do.

 

He's getting rid of marginal operations.*

 

He's keeping profitable operations.

 

Nothing to see here.

 

 

* he'd sell the Sabres if he could, but he would do so at a loss right now and is waiting for them to uptick in value

He paid $150M for them. He is not seeing at least a 6X return.  

[PromoTheRobot]

39 minutes ago, Doc said:

I don’t think he’s looking for an exit ramp. 

 

He paid $150M for them. He is not seeing at least a 6X return.  

 

The 2024 value of the Sabres according to Forbes is just north of $1 Billion.

[Doc]

13 minutes ago, PromoTheRobot said:

The 2024 value of the Sabres according to Forbes is just north of $1 Billion.

Whoops. That should have read “he is seeing…”

[Victory Formation]

With a new stadium, the Bills are going nowhere..

[Mike in Horseheads]

4 hours ago, Doc said:

I don’t think he’s looking for an exit ramp. 

 

He paid $150M for them. He is not seeing at least a 6X return.  

There must be some multi billionaire left in WNY..  

[Gregg]

15 hours ago, Buffalo ill said:

I doubt the Bills go anywhere with the new stadium being constructed.  However, I can only imagine the wrath of fans if they just paid for a new stadium to sit empty.  Time to weld some armor on your Bulldozers..

 

If the league was going to do anything it would be expansion. Emperor Goodell would love for more teams for more revenue. Everyone knows Buffalo is a football mad city and a special football market. I doubt the league wants to lose that. With the new stadium the Bills future in WNY has never been more secure.

[Doc]

7 hours ago, Mike in Horseheads said:

There must be some multi billionaire left in WNY..  

 

Definitely. Willing to spend $1 billion plus on the Sabres?