Pegula sells a stake in the Bills according to the Sports Business Journal

[Mr. WEO]

  On 11/23/2024 at 11:12 PM, Augie said:

 

That seems pretty simple to me. 

 

The people who say it is for maintaining their lifestyle come off as simple as well. 

Expand  

 

nah, this is old news.

 

"Kim Pegula’s video presentation included a rundown of organizational objectives. One particular slide, titled “Pegula Family Goals,” shook executives and lower-level employees alike. A handout version of the slide, obtained and verified by The Athletic, listed the Pegulas’ three chief objectives: win championships, sustainability, return on investment....Terry and Kim Pegula, meanwhile, have paused construction of their new superyacht in Amsterdam."

 

I give them credit for being up front about it with their employees though (if not the public, at the time).

 

 

[BuffBillsForLife]

  On 11/23/2024 at 10:40 PM, Since1981 said:

Is it simply a matter of Pegs getting some cash equity pulled out of the team into his pocket? More liquidity? I’m trying to figure out Pegula motivation? 

 

Pegula purchased for $1.4 billion. Today’s value $4.2 billion, according to Forbes. This represents a gain of about $2.8 billion, or a 200% increase in value over the past decade.

 

what is pegs motivation?

Expand  

That money is all unrealized gains until he sells the team, which would be the end of the Bills in Buffalo.  Doing this gets him cash in his pocket for effectively nothing.

[PromoTheRobot]

  On 11/24/2024 at 4:33 PM, HIT BY SPIKES said:

 

Assuming the NHL -- who owned the Sabres after the Bankruptcy to keep them in Buffalo -- and the NFL -- original AFL team owned forever previously by a historic league founder in Ralph Wilson -- would allow either team to move to another city.

 

I would say the historical evidence is that neither league would allow that.

 

Therefore the team is worth what it is and is as profitable as it is only in Buffalo.

 

An imaginary Bills and Sabres in another city other than Buffalo is a simply a straw man argument.

Expand  

 

LOL, keep telling yourself that. The NFL let the Browns leave Cleveland. And the Sabres were worth $92MM when Tom Golisano bought them from the NHL. They're worth $1.15B today. They'd be worth twice that in Houston or Atlanta.

[Kelly to Allen]

  On 11/24/2024 at 7:08 PM, PromoTheRobot said:

 

LOL, keep telling yourself that. The NFL let the Browns leave Cleveland. And the Sabres were worth $92MM when Tom Golisano bought them from the NHL. They're worth $1.15B today. They'd be worth twice that in Houston or Atlanta.

Expand  

Multi national corporations all over the world can buy the luxury suites needed for economic support. Gone are the days of just a local economy giving the necessary financial support for a sports team. 

 

Add in the prohibitive costs to move from the local, state, and the cost of a new stadium etc. it's just not happening. 

 

If they weren't building a new stadium sure I would be concerned 

 

The NFL got insane backlash for letting the browns leave. You don't do that to your most loyal fans. And they came back in a few years. 

Edited November 24, 2024 by Kelly to Allen

[PromoTheRobot]

  On 11/24/2024 at 7:19 PM, Kelly to Allen said:

Multi national corporations all over the world can buy the luxury suites needed for economic support. Gone are the days of just a local economy giving the necessary financial support for a sports team. 

 

Add in the prohibitive costs to move from the local, state, and the cost of a new stadium etc. it's just not happening. 

 

If they weren't building a new stadium sure I would be concerned 

 

The NFL got insane backlash for letting the browns leave. You don't do that to your most loyal fans. And they came back in a few years. 

Expand  

 

Sleep well.

[EasternOHBillsFan]

  On 11/23/2024 at 7:44 PM, Dr.Mantis_Toboggan said:

Idk, you ever try delivering pizza without a GPS?

Expand  

 

We didn't even have cell phones, just a phone on the wall, an address and a city map. It's just the exhausting and never ending bombardment of information and just plain noise. I'm close to pulling up chocks and going out west...

[Simon]

  On 11/24/2024 at 10:59 PM, EasternOHBillsFan said:

 

We didn't even have cell phones, just a phone on the wall, an address and a city map. It's just the exhausting and never ending bombardment of information and just plain noise. I'm close to pulling up chocks and going out west...

Expand  

 

Quit thinking about it and do it.

Your quality of life will instantly improve, imo.

[Kelly to Allen]

  On 11/24/2024 at 10:59 PM, EasternOHBillsFan said:

 

We didn't even have cell phones, just a phone on the wall, an address and a city map. It's just the exhausting and never ending bombardment of information and just plain noise. I'm close to pulling up chocks and going out west...

Expand  

I understand this completely 

[BillnutinHouston]

  On 11/24/2024 at 6:42 PM, BuffBillsForLife said:

That money is all unrealized gains until he sells the team, which would be the end of the Bills in Buffalo.  Doing this gets him cash in his pocket for effectively nothing.

Expand  

 

But that's only irrelevant for tax purposes because of the election outcome.  Harris pledged to tax unrealized capital gains upon her election.  That would have been fascinating to watch. 

[Augie]

  On 11/24/2024 at 10:59 PM, EasternOHBillsFan said:

 

We didn't even have cell phones, just a phone on the wall, an address and a city map. It's just the exhausting and never ending bombardment of information and just plain noise. I'm close to pulling up chocks and going out west...

Expand  

 

You just should have gotten an Uber. Problem solved. 🤷‍♂️

[EasternOHBillsFan]

  On 11/24/2024 at 11:01 PM, Simon said:

 

Quit thinking about it and do it.

Your quality of life will instantly improve, imo.

Expand  

 

My mom and sisters moved out to Colorado years ago but we didn't follow suit. Now we're looking at New Mexico because there is a large Air Force Base there for all we need.

 

I am extremely disappointed that it is so expensive just to live in eastern Washington where my grandparents lived.... outrageous housing costs and more expensive than Santa Fe or Albuquerque, and it is in the middle of wheat fields and off the Columbia River. I remember riding with my grandfather back in 1979 messing with his CB, but those days are just so much in the past it is fading away and it sucks. He worked the Saint Lawrence Seaway project and the Niagara Falls Power Project in the 50s and 60s before they went back to Washington.

Edited November 24, 2024 by EasternOHBillsFan

[Mr. WEO]

  On 11/24/2024 at 7:08 PM, PromoTheRobot said:

 

LOL, keep telling yourself that. The NFL let the Browns leave Cleveland. And the Sabres were worth $92MM when Tom Golisano bought them from the NHL. They're worth $1.15B today. They'd be worth twice that in Houston or Atlanta.

Expand  

 

no chance.  that would put them at #8 in valuation in cities that have no interest in pro hockey.

[Augie]

  On 11/24/2024 at 6:40 PM, Mr. WEO said:

 

nah, this is old news.

 

"Kim Pegula’s video presentation included a rundown of organizational objectives. One particular slide, titled “Pegula Family Goals,” shook executives and lower-level employees alike. A handout version of the slide, obtained and verified by The Athletic, listed the Pegulas’ three chief objectives: win championships, sustainability, return on investment....Terry and Kim Pegula, meanwhile, have paused construction of their new superyacht in Amsterdam."

 

I give them credit for being up front about it with their employees though (if not the public, at the time).

 

 

Expand  

 

Maybe someone else puts their plans for a 32’ Boston Whaler on hold. It’s all relative. 

[Matt_In_NH]

  On 11/23/2024 at 11:03 PM, Mike in Horseheads said:

Paying for stadium cost over runs and JA next contract

Expand  

Is JAs contract really a contributor?  It comes from the cap like all the other players compensation. I know his is the highest but if you equally divided the cap spending by each player it would be the same thing.  The difference is cash for a bonus that can drive one year over the cap but over time you have to have years with less cash to balance it out. 

[Malazan]

  On 11/24/2024 at 10:59 PM, EasternOHBillsFan said:

We didn't even have cell phones, just a phone on the wall, an address and a city map. It's just the exhausting and never ending bombardment of information and just plain noise. I'm close to pulling up chocks and going out west...

Expand  

Just make sure you stop before the ocean. Unless you have a 1993 Land-Rover Range Rover County which is an amphibious exploring vehicle.

[agilen]

  On 11/25/2024 at 2:09 AM, Matt_In_NH said:

Is JAs contract really a contributor?  It comes from the cap like all the other players compensation. I know his is the highest but if you equally divided the cap spending by each player it would be the same thing.  The difference is cash for a bonus that can drive one year over the cap but over time you have to have years with less cash to balance it out. 

Expand  

They have to put the guaranteed

money in escrow on signing. Even billionaires don’t tend to have $150m lying around to write a check with, they need some liquidity.

[Mike in Horseheads]

  On 11/25/2024 at 2:09 AM, Matt_In_NH said:

Is JAs contract really a contributor?  It comes from the cap like all the other players compensation. I know his is the highest but if you equally divided the cap spending by each player it would be the same thing.  The difference is cash for a bonus that can drive one year over the cap but over time you have to have years with less cash to balance it out. 

Expand  

Ya got to pay the fat bonus on the front end that gets amortized over the life of the contract

[Since1981]

Pegulas have enough to give each of 5 kids $1B. Next 50 friends and fam? $140M EACH!

I can only assume he wants some kind of cash out. 

 

 

[CoudyBills]

  On 11/19/2024 at 3:58 PM, Chicken Boo said:

 

The truck is very necessary.  

Expand  

It's good to have a roomy vehicle after the foreclosure.

  On 11/20/2024 at 2:43 AM, EasternOHBillsFan said:

Well, those of you defending this venture capital nonsense let me know how this goes in a couple of years... Subway is TERRIBLE now since owned by Roark.

 

https://www.cnn.com/2024/11/19/food/jersey-mikes-subs-sale/index.html

Expand  

Really went down hill in 6 months?  Surely not before that?

  On 11/20/2024 at 5:25 AM, PromoTheRobot said:

 

VC money never makes anything better. In fact the usual M.O. is to squeeze every nickel out by slashing costs and dump the lifeless body.

 

Do you understand how PSL's work?

 

Why? So they can move? Sit tight. This is their year. We lived through a 17 year drought with the Bills, 13 years with the Sabres is nothing.

Expand  

VC and PE are NOT the same 

[Matt_In_NH]

  On 11/25/2024 at 2:35 AM, agilen said:

They have to put the guaranteed

money in escrow on signing. Even billionaires don’t tend to have $150m lying around to write a check with, they need some liquidity.

Expand  

Good point!   I still see two larger potential needs for cash.  One is the stadium and two is potential estate tax if he wants to hand the team down.   That is probably big time wishful thinking on my end.  

Edited November 25, 2024 by Matt_In_NH