Pegulas selling 25% of the Bills, per Tim Graham

[Big Blitz]

5 minutes ago, PromoTheRobot said:

 

The man never says anything. People complain because he never talks to the press.

 

Exactly.  Politician.  
 

Not sure why you’re confirming my criticism then rushing to defend him.  
 

It’s ok we can be appreciative of him and offer criticisms at the same time.  

Edited April 19 by Big Blitz

[GunnerBill]

8 minutes ago, PromoTheRobot said:

 

Hockey is the best sport out there.

 

Sure. If you discount all the others.

[PromoTheRobot]

3 minutes ago, Big Blitz said:

 

Exactly.  Politician.  
 

Not sure why you’re confirming my criticism then rushing to defend him.  
 

It’s ok we can be appreciative of him and offer criticisms at the same time.  

 

I'm just amazed how someone could do absolutely nothing and still be painted with evil intentions.  

Edited April 19 by PromoTheRobot

[Freddie's Dead]

This is not a good development.  Minority owners can really screw things up, especially if they want to move the team to much greener pastures.  

[Big Blitz]

2 minutes ago, PromoTheRobot said:

 

I'm just amazed how someone could do absolutely nothing and still be painted with evil intentions.  

 

Who said the intentions were “evil?”

[Freddie's Dead]

19 minutes ago, Augie said:

 

I started a job once on the same day as another guy and we became friends. His last name was Ruggerio, nice guy from Chicago. So, I’m sitting in his office one day and I notice his name plate says Ruggiero. I had to ask if he spelled his own name wrong, or just pronounced it wrong. 

 

Say it out loud. 

 

He seemed genuinely confused. No, that’s the way it is. Okay then……. 🤷‍♂️

 

Some kitchen stuff is one thing, but your own NAME??? 😂 

 

OK Augs, why is Favre pronounced Farve, wiseguy?  

[GunnerBill]

5 minutes ago, Freddie's Dead said:

This is not a good development.  Minority owners can really screw things up, especially if they want to move the team to much greener pastures.  

 

Kroenke started as a minority owner in St Louis....

[PromoTheRobot]

4 minutes ago, Big Blitz said:

 

Who said the intentions were “evil?”

 

When is calling someone a politician a compliment?

[Ed_Formerly_of_Roch]

2 hours ago, dma0034 said:

Interesting considering there were rumors about him trying to sell the Sabres yesterday

 

Maybe they saw the smoke coming, but didn't realize it was blowing in a different direction.

 

 

2 hours ago, Back2Buff said:

Makes zero sense to me.  Can't believe the Pegula's have money issues.

 

Reading the article about Kevin Adams season ending presser, he implied Terry is very per-occupied with Kim. Maybe he sees the 25% owner as becoming more of a face of the franchise and he can take a back seat.  Kind of like the last couple of years with RW.  He was no longer attending league meeting, was sending Russ.  Could be Terry feels better to send someone to represent the team who actually has a large amount of skin in the game, but no so much skin to over rule him. 

 

Article also talked about how this is becoming more popular as becoming more difficult for the heirs to keep the team in the family due to large tax issues.  Initially Terry may have figured good chance Kim will out live him and she'll run things. That looks less likely now, maybe kids either don't want it, can't afford it, or none he feels are totally capable of running it??

[Augie]

4 minutes ago, Freddie's Dead said:

 

OK Augs, why is Favre pronounced Farve, wiseguy?  

 

I think you should ask the Commish.  😂 

[SoCal Deek]

20 minutes ago, PromoTheRobot said:

 

Why on earth would anyone want to own a team in this town? Every time your team loses, people blame you and demand you sell the team.

What? The team has had a grand total of TWO owners in 65 years and the first Owner is dead! It’s hardly been a revolving door. 

[BillsFanForever19]

Why would anyone want to pay $925 million dollars (and probably be asked to help with finances for the team) and have no say in anything?

[K D]

Pegulas found out how much the PSL was for their seats and they needed a way to come up with the money

[papazoid]

17 minutes ago, GunnerBill said:

 

Kroenke started as a minority owner in St Louis....

 

Bisciotti was a minority owner of the Ravens

Tepper was a minority owner of the Steelers

Haslam was a minority owner of the Steelers

Ross started with 50% of Dolphins

 

[Process]

22 minutes ago, Ed_Formerly_of_Roch said:

 

Maybe they saw the smoke coming, but didn't realize it was blowing in a different direction.

 

 

 

Reading the article about Kevin Adams season ending presser, he implied Terry is very per-occupied with Kim. Maybe he sees the 25% owner as becoming more of a face of the franchise and he can take a back seat.  Kind of like the last couple of years with RW.  He was no longer attending league meeting, was sending Russ.  Could be Terry feels better to send someone to represent the team who actually has a large amount of skin in the game, but no so much skin to over rule him. 

 

Article also talked about how this is becoming more popular as becoming more difficult for the heirs to keep the team in the family due to large tax issues.  Initially Terry may have figured good chance Kim will out live him and she'll run things. That looks less likely now, maybe kids either don't want it, can't afford it, or none he feels are totally capable of running it??

Great point and seems highly likely. Terry liquidating a piece of the team to help cover costs, and also looking for someone to run things and be more hands on. 

 

We have to hope that Pegula will only look to bring in people committed to keeping the bills in Buffalo. 

[Low Positive]

8 minutes ago, papazoid said:

 

Bisciotti was a minority owner of the Ravens

Tepper was a minority owner of the Steelers

Haslam was a minority owner of the Steelers

Ross started with 50% of Dolphins

 

And Pegula was a minority owner of the Penguins.

[Pine Barrens Mafia]

48 minutes ago, PromoTheRobot said:

 

Why on earth would anyone want to own a team in this town? Every time your team loses, people blame you and demand you sell the team.

The sabres haven't won in what, 15 years? I think criticism of ownership is warranted in that circumstance.

[Donuts and Doritos]

If we ALL pool our Money maybe...

 

[FLFan]

So I guess people thought that Terry was going to live forever and the Government will waive inheritance taxes for the Bills owners.  This is the least surprising development this month with the Bills.  When you have an asset that triples in value in a relatively short term, turning some of that appreciation into cash is certainly not unusual, especially when you have a near term need for $600 m in cash or so in addition to some estate planning to do.  A minority owner at this point changes absolutely nothing with respect to the Bills long term prospects in WNY.  In fact, the finances of this deal may well increase the chances that the Pegulas can keep control in the family for the long term.  It seems that this is the intent.  

[Mango]

18 hours ago, PromoTheRobot said:

 

Why on earth would anyone want to own a team in this town? Every time your team loses, people blame you and demand you sell the team.

 

Lets be real here. Terry got a pass for nearly a decade of ownership. The heat didn't start turning up until Covid, then a failure to maintain the facilities, and now the team is tied for the least amount of scouts in the league and has half the analytics and player development staff of some other franchises in the league. 

Terry didn't just lose a few hockey games and get booed. He is on a literal historic run of ineptitude setting the record for longest playoff drought in NHL history. Since March 1, 2011 no team in the NHL has a worse P% than Terry Pegula's Buffalo Sabres. This isn't hyperbole. It is the current state of the franchise. 

Edited April 20 by Mango