Buffalo Sabres Owners Agree To Buy The Bills For $1.4B, Pending NFL Approval

Discussion in 'Buffalo Bills' started by DaBears22, Sep 9, 2014.

  1. DaBears22

    DaBears22 Matt Forte = future MVP Staff Member

    Buffalo Sabres owners Terry and Kim Pegula reached a sale agreement with the Buffalo Bills on Tuesday, the team announced.

    The deal is for $1.4 billion, league sources told ESPN NFL Insider Adam Schefter.

    And with that, it seems as if Bills fans can breathe a sigh of relief, as the Pegulas stressed their intention to keep the Bills in Buffalo in a statement posted on the Sabres' website.

    "Kim and I are humbled and honored that the Wilson family has chosen us to be the second owner of the Buffalo Bills. Pending the NFL approval process, being the next owner of the Buffalo Bills would be a great privilege for our family. Ralph Wilson left an indelible mark on our community and we will strive every day to honor his legacy.

    "Our interest in owning the Bills has everything to do with the people of Western New York and our passion for football. We have knowledgeable, dedicated fans here and along with our ownership of the Buffalo Sabres, it is gratifying to reassure these great fans that two franchises so important to our region are both here to stay."

    The definitive agreement calls for the Pegula family to acquire all of the interest in the Bills franchise from the trust of late owner Ralph Wilson, according to a statement from the Bills. Now, NFL owners must approve the sale. The Bills and the Pegulas intend to submit the agreement for that approval at the owners meeting on Oct. 8.