The Buffalo Bills will have a new owner, but no one knows who that will be. Terry Pegula could be that person. Yesterday reports broke that Pegula would make a bid to buy the Bills, and he has just made a deal that give him $1.75 Billion cash on hand.
Pegula is the owner of the Buffalo Sabres, and that could be a catch-22. Pegula is a self-made Billionaire, and is in the process of creating “Hockey Heaven”, and that may not allow him much time to” Circle The Wagons” at One Bills Drive. I believe Pegula’s interest in the Bills could be linked to his vision for the area surrounding the First Niagara Center. There have been no reports about what Pegula would do about the Bills stadium concerns, and there is no indication about how he feels about The Ralph.
Pegula simple has the means to keep the Bills in Western New York and for some that is all they care about, and maybe that really is all that matters. But, I want details before I jump on the Pegula bandwagon. As owner of the Sabres there has not been much winning, and there has been front office issues. For those that are fans of the Sabres you understand the issue here. If Pegula was to have a successful bid, and become the owner of the Bills, I hope that wining is the main goal; not creating “Football Heaven”.
The list of potential owners seems to be growing almost daily, but I believe Pegula just became the front-runner. Forbes estimates his assets to exceed $3 Billion, and I don’t think that includes the $1.75 Billion he just made.
*As a quick side note for everyone, Pegula CAN own the Bills and Sabres. The NFL’s rules allow for an individual to hold ownership in another team as long as both teams are in the same market.