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@@@ After months of searching, the Buffalo Bills have a new owner. According to Ian Rapoport of the NFL Network, Buffalo Sabres owner Terry Pegula has purchased the team:
officially announce sale of the team to the Pegula family, who is committed to Buffalo. Mary Wilson: 鈥淩alph would have been pleased.鈥?Ian Rapoport (@RapSheet)
The Bills confirmed the news: Wilson trust reaches definitive agreement with Pegula family in sale of the Buffalo Bills <a href=http://www.museosangennaro.com/Public/wdluk.php>Christian Louboutin Shoes Sale</a> (@buffalobills) ESPN's Adam Caplan added: The parties intend to submit the agreement for approval by the NFL owners at their meeting in New York City on October 8th. Adam Caplan (@caplannfl) Jay Skurski of The Buffalo News provided the full release from the team announcing the purchase: It s officially official. Here is a press release from the on the agreement to sell the team to the Pegulas. Jay Skurski (@JaySkurski) Pegula released a statement, via the : Kim and I are humbled and honored that the Wilson family has chosen us to be the second owner of the Buffalo Bills. Pending the NFL approval process, being the next owner of the Buffalo Bills would be a great privilege for our family. Ralph Wilson left an indelible mark on our community and we will strive every day to honor his legacy. Our interest in owning the Bills has everything to do with the people of Western New York and our passion for football. We have knowledgeable, dedicated fans here and along with our ownership of the Buffalo Sabres, it is gratifying to reassure these great fans that two franchises so important to our region are both here to stay. We are grateful to Senator Chuck Schumer and Governor Andrew Cuomo for their support and desire to keep our Bills in Western New York where they belong and to our team of professional advisors at Allen Company and Sherrard, German Kelly. We would also like to thank the staffs of the NFL and the Bills for helping to guide us through the sale process. We now look ahead to the NFL review process in accordance with League policy. If awarded final approval, we will be driven to achieve a singular goal: To win a Super Bowl for our fans. Out of respect for the continuing sale process, until League approval is attained, we will have no further comment. Tim Graham of The Buffalo News first reported <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin Boots</a> the news, with Rapoport providing additional details: I m told tentative agreement has been reached between the Bills and the Pegulas and an official announcement should come today. Tim Graham (@ByTimGraham) What does Terry Pegula鈥檚 imminent purchase of mean? Source: 鈥淚t鈥檚 historic for the city of Buffalo.鈥?The team isn鈥檛 going anywhere Ian Rapoport (@RapSheet) Kim Pegula, Terry鈥檚 wife, will be heavily involved in the executive process, making many of the decisions, source says. Ian Rapoport (@RapSheet)
of Forbes reported financial details following Graham's report:
Sources are telling me that Terry Pegula has won the bidding for the Buffalo Bills for about $1.2 billion, a record price paid for a professional football team. ... ... My source says the Toronto Group, which included rocker Jon Bon Jovi, Larry Tenenbaum, chairman and 25% owner of Maple Leaf Sports Entertainment, and the Rogers family, bid "around $1 billion" while <Donald> Trump's bid did not top $900 million. ESPN's Adam Schefter later reported the total was even higher: Now being told that Terry Pegula paid close to $1.4 BILLion for the Bills, per sources. Adam Schefter (@AdamSchefter) The team became available following the death of owner and founder Ralph Wilson, who passed away at the age of 95 in March. While potential celebrity buyers <a href=http://capstone.edu.sg/clreplicashoes.php>Christian Louboutin Outlet</a> such as Jon Bon Jovi and Donald Trump made for compelling headlines and intriguing talking points, Pegula had recently established himself as the favorite. The reason? Locality and a whole lot of cash. at $3.3 billion, the 63-year-old recently in West Virginia and Ohio for $1.75 billion, hinting he had more to sell if necessary. It goes beyond money, though. He has shown a real interest in the Bills beyond just another business venture, and his purchase means the team is staying in Buffalo. As NFL writer Brian McIntyre and the Toronto Star's Bruce Arthur noted, this is a time to celebrate for Bills fans: Terry Pegula would be a great owner for the Bills. Definitely best option because he鈥檒l keep them in Buffalo, where they belong Brian McIntyre (@brian_mcintyre) Oh, and per , Terry Pegula s buyin the Bills. Happy for you, Buffalo. Bruce Arthur (@bruce_arthur) Bon Jovi's ownership group was based out of Toronto, while no one really knew what to expect with Trump. There was real concern about the Bills' future in Buffalo in light of both of their bids, but that talk can now be put to rest.
This is an exciting time for the Bills franchise.
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