ORCHARD PARK, N.Y. (AP) — Buffalo Bills owners Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the...
ORCHARD PARK, N.Y. — Buffalo Bills owners Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the franchise, the team announced on Friday.
The Bills also announced the sale is limited only to the Bills, and not any of the Pegulas’ other holdings, which include the NHL Buffalo Sabres, the American Hockey League Rochester Americans and National Lacrosse League franchises in Buffalo and Rochester.The initial cost of the stadium was pegged at $1.4 billion when a preliminary agreement was struck with the state and county in March 2022. That number jumped to $1.54 billion months later and was last projected to be approaching $1.
The sale of Bills' shares also comes at a time when speculation continues to rise over whether the Pegulas are interested in selling the Sabres. A second person with direct knowledge of the Pegulas' plans told the AP the Sabres are not for sale.The Pegulas, who made their fortune in the natural gas industry, have a reported net worth of $6.8 billion. They purchased the Bills for a then-NFL record $1.4 billion in 2014. Last year, Forbes listed the Bills as being valued at $3.7 billion.
Patrick Roy took over behind the Islanders’ bench in January and led them back into the playoffs. The fiery ex-goalie figures to inject some life into what was a pretty dull six-game series last time around.
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