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Terry Pegula

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sports1 year ago

"Pegula Family Considers Selling Minority Stake in Buffalo Bills"

The Pegula family, owners of the Buffalo Bills, is considering selling a minority interest in the team, with reports suggesting around 25 percent, though the exact figure is not confirmed. The potential sale is being facilitated by Allen & Company, and while Terry Pegula may ultimately decide against it, the increasing valuations of NFL teams and estate taxes have made sole ownership challenging. The Bills, currently valued at $3.7 billion, were purchased for $1.4 billion in 2014, and the team's new stadium costs could exceed initial projections, with the Pegulas bearing responsibility for any overruns.

via NBC Sports|
#buffalo-bills#minority-interest-sale#nfl
sports1 year ago

"Pegula Family Considers Selling Minority Stake in Buffalo Bills"

The Pegula family, owners of the Buffalo Bills, has hired investment bankers to explore the potential sale of a non-controlling, minority interest in the team, with a working figure of 25 percent. While the exact amount is not confirmed, the family intends to maintain a controlling interest in the team. This move reflects the trend of NFL owners seeking limited partners due to increasing team valuations and estate taxes, with the Bills currently estimated to be worth $3.7 billion. The NFL is also considering allowing such investments, potentially adopting guidelines this year.

via The Athletic|
#allen-and-company#buffalo-bills#nfl
sports1 year ago

"Buffalo Sabres Fire Don Granato Amid Record Playoff Drought"

Sports columnist Mike Harrington reacts to the firing of Buffalo Sabres coach Don Granato, noting the organization's desperation to end a 13-year playoff drought. Speculation arises about potential replacements, including a possible reunion with former coach Lindy Ruff or a promotion for AHL coach Seth Appert. Granato's firing is attributed to poor performance, lack of urgency, and a disappointing power play. Despite some improvement in the team's performance, the decision reflects the ongoing struggle for the Sabres to find success under the ownership of Terry Pegula.

via Buffalo News|
#buffalo-sabres#coaching#don-granato
sports1 year ago

"Maple Leafs' Matthews Shines with 60-Goal Performance in Buffalo"

The Buffalo Sabres' season continues to be filled with embarrassing moments, with fans selling their tickets to opposing teams and the team struggling on the ice. The lack of support from the owner and the prolonged playoff drought have left players and fans feeling abandoned. Despite the team's efforts, they are unlikely to make the playoffs this season, and the future remains uncertain.

via Buffalo News|
#auston-matthews#buffalo-sabres#fan-support
sports2 years ago

Terry Pegula Assumes Sabres Presidency, Dissolves Pegula Sports & Entertainment

Terry Pegula has been named President of the Buffalo Sabres, while also working closely with COO John Roth to lead the business side of the organization. As part of the restructuring, resources will be separated between the Buffalo Bills and Buffalo Sabres, allowing each organization to focus on their respective efforts. The move aims to elevate the businesses and guide the Sabres towards winning championships.

via NHL.com|
#buffalo-sabres#business-side#organization
sports2 years ago

Buffalo Bills undergo major leadership shakeup, Terry Pegula takes over as team president

The Buffalo Bills have announced changes on the business side of the organization, parting ways with executive vice president and chief operating officer Ron Raccuia. Bills owner/CEO Terry Pegula will now take over as president of the Bills and work closely with a new management committee. John Roth, executive vice president/chief operating officer of the Buffalo Sabres and PSE, will oversee ticketing, business development, and media and content departments. Kathryn D'Angelo, general counsel, will oversee security, human resources, and marketing departments, while Josh Dziurlikowski, vice president of finance, will oversee community relations, operations and guest experience, and information technology departments. Penny Semaia was hired as the vice president of stadium relations.

via BuffaloBills.com|
#buffalo-bills#business-operations#management-changes
sports2 years ago

Bills' new stadium construction underway with emotional tribute to victims.

Mary Wilson, the wife of the late Ralph Wilson, expressed her admiration for Buffalo Bills' owner Terry Pegula's remarks during the groundbreaking ceremony for the team's new stadium. She believes that her husband would be proud of the Pegulas and the Bills' legacy, which will always be in Western New York. The ceremony focused on the length of the stadium lease, with a 30-year deal to keep the Bills in the area. Wilson wore her husband's Hall of Fame ring during the event.

via Buffalo News|
#buffalo-bills#ralph-wilson#sports
sports2 years ago

Emotional Groundbreaking for New Buffalo Bills Stadium Honors Victims and Wife.

Buffalo Bills owner Terry Pegula became emotional during the groundbreaking ceremony of the team's new stadium, taking a moment of silence to honor the victims of the Buffalo mass shooting and his wife, Kim Pegula, who suffered cardiac arrest last June. Pegula listed the names of those killed in the shooting and called his wife his "favorite star."

via WIVB.com - News 4|
#buffalo-bills#kim-pegula#mass-shooting-victims