Terry and Kim Pegula Chosen to be Next Owners of the Buffalo Bills

It’s official! Terry and Kim Pegula were chosen today to be the next owners of the Buffalo Bills.

pegula-shirt
It’s official and it’s spectacular!

Bills fans around the world are ecstatic as the Bills’ future in Buffalo is now secure. The only barrier left for the Pegula family is to be approved by fellow NFL owners on October 8th. There is no reason to think this won’t happen, so it’s just a formality at this point.

The Pegulas seemed to be the clear favorites to be the next owners, but they had competition in Bon Jovi, Larry Tanenbaum and Edward Rogers’ group as well as Donald Trump. The losing parties each released a statement today.

Tim Graham of The Buffalo News issued Bon Jovi’s statement in two tweets:

Donald Trump also issued the following statement:

It was my great honor to have the opportunity to bid on the Buffalo Bills Football Team. A large part of the reason for my bid was to ensure that the team remained in Buffalo. I would like to congratulate the Pegula family on what will be, I am sure, a wonderful purchase. I would also like to congratulate the fans of the Buffalo Bills in that, I have no doubt, that the team will now remain in your wonderful city. 

 

As for the winning tandem, Terry Pegula issued the following statement on being chosen to be the second owners of the Buffalo Bills:

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.

We are grateful to Senator Chuck Schumer and Governor Andrew Cuomo for their support and desire to keep our Bills in Western New York where they belong and to our team of professional advisors at Allen & Company and Sherrard, German & Kelly. We would also like to thank the staffs of the NFL and the Bills for helping to guide us through the sale process. We now look ahead to the NFL review process in accordance with League policy. If awarded final approval, we will be driven to achieve a singular goal: To win a Super Bowl for our fans.

Out of respect for the continuing sale process, until League approval is attained, we will have no further comment.

According to Lauren Brill of WIVB-TV, Pegula’s final bid was $1.4 billion. This is a record breaking deal. Brill also reported that the Pegula’s were not the only group to bid over $1 billion.

Daniel Kaplan of Sports Business Journal confirmed that Pegula bid $1.4 billion and noted that there was a total of five bidders on the team.

Breathe easy Bills fans. The team will be circling the wagons in Buffalo for years to come.

About Ryan Talbot

Ryan Talbot is a life-long Bills fan. He was always Team Flutie, knows that Frank Wycheck's pass was thrown forward and once left a writing position because of Donte Whitner. Ryan has a wonderful wife and two awesome children.

One Reply to “Terry and Kim Pegula Chosen to be Next Owners of the Buffalo Bills”

  1. As a proud Canadian Buffalo Bills season ticket holder let me just say hallelujah! The Bills are staying where they belong!!!