Filed under: Sabres, Eastern, NHL Economics
As the NHL prepares to return from their All-Star break with a full slate of games Tuesday night, the Buffalo Sabres appear close to being sold.
Pennsylvania billionaire Terry Pegula signed a purchase agreement Monday, according to TSN. Sabres managing partner Larry Quinn confirmed to The Buffalo News Monday that the team will discuss the sale Thursday.
Reports have Pegula spending around $189 million on the team, which is currently owned by Tom Golisano. He bought the Sabres in 2003, when the team was in bankruptcy, for $92 million. The team has become financially stable under his ownership.
Pegula and his wife are the primary donors involved in Penn State's decision to start a varsity hockey program. Their $88 million donation allows the university to construct a new arena.
Permalink | Email this | Linking Blogs | Comments
Source: http://nhl.fanhouse.com/2011/01/31/terry-pegula-close-to-sabres-purchase/
Jennifer Gimenez Jennifer Love Hewitt Jennifer Morrison Jennifer ODell Jennifer Scholle
No comments:
Post a Comment