Buffalo Sabres: Billionaire Terry Pegula Set To Purchase Team

November 30th, 2010 by Rich Lunghino Leave a reply »
Tom Golisano will always be remembered as the man who saved the franchise from bankruptcy after the Rigas scandal in the mid-1990s. He will also be remembered as being an invisible man in terms of hockey operations during his tenure as the owner of the Buffalo Sabres.

As a result, minority owner Larry Quinn is in charge of hockey operations; a fact that the media and fans have many complaints about.

Golisano’s business venture may come to an unexpected close, as The Hockey News’ Ken Campbell has reported that billionaire Terry Pegula has signed a letter of intent to buy the Sabres for around $150 million.

Terry Pegula has numerous credentials besides being about twice as wealthy as Golisano. Pegula is married to a Western New York native and has recently donated $88 million to Penn State in order to establish a Division I hockey program.

This guy loves hockey and he has strong ties to Western New York, a veritable hockey hotbed.

He started his love for hockey with the Philadelphia Flyers in the 1970s, who were known as the “Broad Street Bullies”. He moved to Western New York and became a Sabres fan. He was in ...

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