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Dual Ownership

The Real Buffalo Joe
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The Real Buffalo Joe All Pro

The Real Buffalo Joe

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So I saw that a few months ago, the NFL just allowed people who own other pro sports teams to own NFL teams. While that's great, how the hell have the Pegulas (who also own the Sabres (of the NHL)), pulled a fast one on Greedy Roger and friends? I don't know the details of the new rule, but hopefully it's backdated, otherwise we're in real trouble.

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Logic All Pro

Logic

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I was under the impression that you couldn't own other sports teams IN OTHER MARKETS, but that it was permissable to own multiple teams in the same city/market. I could be way off base here.

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Over 29 years of fanhood Hall of Famer

Over 29 years of fanhood

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1 minute ago, ocemur said:

It wasn't a secret when the Pegulas were negotiating the purchase. I'm thinking a check for 1.4 Billion smoothed things over.

 

I feel like there is a short list of things 1.4 billlion doesn’t buy.... and it’s on the order of large multinational corporations and larger countries. 

JoPar_v2 Veteran

JoPar_v2

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I think the rule was you could not own a non-football franchise in a different market that also had an NFL team. Owner of the Rams was in that situation since he owned the Rams in St. Louis/LA but also owned a hockey team or something in Denver (which has the Broncos.) 

 

Same city was always okay, however.

 

EDIT: From the NYT: "the owners extended by one year the deadline for Stan Kroenke, owner of the St. Louis Rams, to sell his stakes in the Denver Avalanche and the Denver Nuggets. When Kroenke bought a majority share of the Rams in 2010, he was given four years to sell his teams in Denver because they violated the league’s rules that prohibit owning teams in other cities where the N.F.L. also has a team."

 

https://www.nytimes.com/2014/10/09/sports/football/kim-and-terry-pegula-approved-as-owners-of-buffalo-bills.html

Edited by JoPar_v2
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Rochesterfan Veteran

Rochesterfan

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Posted (edited)

Go and find any of a ton of threads on this.

 

The NFL allowed dual ownership as long as they were in the same market or another market without an NFL team.  The Pegulas were fine and never an issue.  It would have been an issue if the owners of Delaware North would have tried to buy the Bills because he is a part owner of the Boston Bruins.

 

The change is to allow guys in specific situations to dual own even if the market is shared with an NFL team.   The Rams owner is also a partial owner of the Colorado avalanche.  This is to allow him to consolidate so no one forces him out over a control issue.

Edited by Rochesterfan
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BuffaloBill Hall of Famer

BuffaloBill

Posted
Posted
32 minutes ago, The Real Buffalo Joe said:

So I saw that a few months ago, the NFL just allowed people who own other pro sports teams to own NFL teams. While that's great, how the hell have the Pegulas (who also own the Sabres (of the NHL)), pulled a fast one on Greedy Roger and friends? I don't know the details of the new rule, but hopefully it's backdated, otherwise we're in real trouble.

 

 

The rules sllowed for ownership of another team in the same city. 

Bing Bong Veteran

Bing Bong

Posted
Posted
44 minutes ago, ocemur said:

It wasn't a secret when the Pegulas were negotiating the purchase. I'm thinking a check for 1.4 Billion smoothed things over.

Those crafty Pegulas pulled a fast one on the NFL.

 

All those Packers owners have some Splaining to do. Rule violations left and right

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Big Turk Hall of Famer

Big Turk

Posted
Posted
58 minutes ago, The Real Buffalo Joe said:

So I saw that a few months ago, the NFL just allowed people who own other pro sports teams to own NFL teams. While that's great, how the hell have the Pegulas (who also own the Sabres (of the NHL)), pulled a fast one on Greedy Roger and friends? I don't know the details of the new rule, but hopefully it's backdated, otherwise we're in real trouble.

 

Nobody pulled a fast one on anyone. The old rule allowed it if the teams were in the same city. The new rule removes this as a requirement.

Ridgewaycynic2013 Hall of Famer

Ridgewaycynic2013

Posted
Posted (edited)
32 minutes ago, Marv's Neighbor said:

Just Win Baby!

Old Man Davis had the dizzy eyeglasses chain like my mother wore.  His empty headed son has the Moe Howard haircut and an idiot as his team’s football coach.

26 minutes ago, Yav said:

Kim owns the Bills.

Terry owns the Sabres. 

Sydney (the Pegula pup) owns Jerry Sullivan.  ?

Edited by Ridgewaycynic2013
Had to add ?. ‘Got a face like a big apple pie’.
longtimebillsfan Veteran

longtimebillsfan

Posted
Posted
2 hours ago, The Real Buffalo Joe said:

So I saw that a few months ago, the NFL just allowed people who own other pro sports teams to own NFL teams. While that's great, how the hell have the Pegulas (who also own the Sabres (of the NHL)), pulled a fast one on Greedy Roger and friends? I don't know the details of the new rule, but hopefully it's backdated, otherwise we're in real trouble.

My understanding that an owner could own franchises in two different sports if it was in the same city.  That has been permissible for a while.

TigerJ Veteran

TigerJ

Posted
Posted
2 hours ago, Logic said:

I was under the impression that you couldn't own other sports teams IN OTHER MARKETS, but that it was permissable to own multiple teams in the same city/market. I could be way off base here.

That was my understanding.  It was assumed that Jeremy Jacobs would not be allowed to purchase the Bills as long as he was the owner of the Boston Bruins.

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