Pegula officially buys the Sabres

It is official boys and girls. Terry Pegula has purchased the Buffalo Sabres from Tom Golisano for a cool $175M.

Of course there are still i’s to be dotted and t’s to be crossed. There is also the small task of being approved by the other owners. However, that is reported to be a mere formality after Pegula’s meeting with them last weekend.

Ultimately there won’t be a whole lot done in the short term, as I wrote about yesterday. This will be a long term project as the assumed plan is for the man, described as a puckhead, builds a true competitor in Buffalo.

I’ll have more later on Pegula and the great deed the Golisano did for this city.

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