NFL owners approve sale of Bills to Pegulas

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NFL owners unanimously approved the sale of Buffalo Bills to Kim and Terry Pegula. The contract will be finalized by the end of the week. The Bills has been sold for $1.4 billion. The Pegula’s also own NHL's Buffalo Sabres. According to Terry “This is a significant step in us owning the team. There's a small matter of having to pay some money and we'll get that done.” Buffalo fans were concerned that if the team will be bought by another group, that the team could be moved to another state but the Pegula’s said that they are committed to the Buffalo area. According to them “If you asked me 10 years ago if I would own the Sabres and the Bills, I would have called you a liar. 'I just got a hell of a deal. I own the team.” Kim is expected to have a high-ranking role with the Bills and will be working alongside current team president Russ Brandon. 31 team owners was in favor or the Pegula’s purchasing the team and even the New York politicians were happy of the results. Sen. Charles Schumer said “Today, all of western New York can yell out, 'Touchdown!' because we have secured long-term owners for the Bills who are fully committed to keeping the team in Western New York for generations. Over the course of these past few months, I spoke regularly with the NFL and with a number of owners and conveyed my belief that the Pegulas, with their Buffalo roots, were fully committed to the Bills' future in western New York and the right pair to carry on Ralph Wilson's legacy. The owners have made an excellent decision in unanimously approving the Pegulas' ownership of the team, and I am confident Terry and Kim will be excellent stewards of this next chapter in Bills history.” NHL Commissioner Gary Bettman recently praised the Pegulas for their work with the Sabres. He said “Terry and Kim Pegula have been terrific owners. They're passionate about sports, they're committed to Western New York. And if you had to computer-generate new ownership for the Bills, you wouldn't do any better than the Pegulas.” He adds “They've invested in the community. They're building a major complex across the street from the arena, harbor-side. They have devoted themselves, their energy, their resources, and haven't held back at all. They're all in. If you're a fan of either the Sabres or the Bills, you're going to feel good about that.”

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