Terry Pegula Completes NHL’s Buffalo Sabres Buyout

February 23, 2011

The Buffalo Sabres of the National Hockey League (NHL) is to change hands in ownership after Pennsylvanian billionaire Terry Pegula, capsule a little over three months after his initial approach.

Pegula is to complete the takeover for a reported US$189m and was joined by NHL Commissioner Gary Bettman in holding his “first news conference as owner” yesterday morning, story February 22.

The NHL BOG approved the sale last week, order and Pegula was “scheduled to inspect and tour HSBC Arena” on Monday, February 21.

Ted Black, who will be “named to an unspecified position within the organization,” was also on the podium yesterday.