BUFFALO, N.Y. (WIVB) – Add Sabres owner Terry Pegula to the list of potential bidders for the Buffalo Bills.
A source tells News 4 Sports Director Steve Vesey, he expects Pegula to be in the mix, once bidding officially begins. So far, Pegula has remained quiet on the subject.
Pegula, who bought the Buffalo Sabres in 2011, has invested heavily in Buffalo with the new HARBORcenter expected to open later this year.
East Resources, Inc., the company Pegula founded, recently sold some of its holdings to American Energy affiliates – a transaction that totaled $1.75 billion. Before the sale, Forbes pegged Pegula’s net worth at $3.3 billion.
NFL rules prohibit owners from running teams in other leagues. However, the exception to that rule is if both teams play in the same market. Therefore Pegula could own both the Sabres and the Bills.
We should get a much clearer picture of those who are in serious contention for the Bills once the team’s advisors release the financial information. Once that happens, the bidding will begin.
Billionaire Tom Golisano, the man who sold the Sabres to Pegula, has already made his interest known in the Bills, along with real estate mogul Donald Trump.
ESPN is reporting the owner of Pabst Blue Ribbon beer, C. Dean Metropoulos, could also make a bid for the team. He previously attempted to buy the Jacksonville Jaguars.