Terry Pegula, current owner of the NHL Buffalo Sabres, has reached a tentative deal to be the next owner of the NFL Buffalo Bills. The sale breaks the record for the highest price paid for a professional football team at about 1.1 billion. The deal should be finalized today.
Terry, and his wife Kim, have earned a great amount of support from business leaders and public officials alike for their dedication to keeping the Bills in Western New York, as speculation has run rampant in past years that the team might relocate to Toronto.
There had been some speculation as to other bidders vying for the opportunity to purchase the team. It was rumored that former Sabres owner, B. Thomas Golisano, was in the running, along with Donald Trump and rock star Jon Bon Jovi. The Bills went up for sale after Ralph Wilson, the founding owner of the football franchise, passed away away in March 2014 at the age of 95.
The Bills currently hold the longest active playoff appearance drought in the NFL at 14 seasons, having not won a playoff game in 18 seasons. After going 6-10 in the AFC East in 2013, the Bills are standing at 1-0 for the 2014 season after traveling to Chicago and beating the Bears with a field goal in an overtime thriller this past Sunday.
The Bills are set as 1.5-point underdogs in Week 2 at home to the Miami Dolphins.