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Pegula Officially Approved As Sabres Owner

From WGR-550,

Terry Pegula has officially been approved.

WGR has learned from a high ranking league source that the NHL Board of Governors have officially approved the sale of the franchise to billionaire Terry Pegula, just hours before the team’s game against the St. Louis Blues.

The announcement is expected to be made on Tuesday, February 22nd, where there is a press conference that is expected to take place.

NHL Commissioner Gary Bettman said on Thursday that the board had been faxing in their votes to league offices for the approval process.

Tom Golisano, Larry Quinn and Dan DiPofi announced the team was being sold to Pegula a little over two weeks ago. The sale of the franchise is for $189 million dollars.

Filed in: NHL Teams, Buffalo Sabres, | KK Hockey | Permalink
  Tags: buffalo+sabres, pegula+approved+as+owner, terry+pegula

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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