Tuesday, February 1, 2011

Pegula Agrees to Purchase Sabres

After months of speculation - and jamming my inbox with said speculation via Google Alerts - the Buffalo Sabres have finally announced that Penn State hockey benefactor Terry Pegula has agreed to purchase the team from Tom Golisano. Doesn't get much more official than the official site:
The Buffalo Sabres today announced that Tom Golisano has reached an agreement to sell the Buffalo Sabres and its related companies to Terry Pegula. The agreement, completed at 1 p.m. today, is subject to certain closing conditions including review and approval by the National Hockey League. It is expected the NHL review process will take several weeks to complete.

Tom Golisano and Larry Quinn will hold a press conference on Thursday at Noon in HSBC Arena. There will be no further comment until the press conference.

Terry Pegula will not be at Thursday’s press conference.
Hopefully this means that the Sabres jump in line ahead of the Penguins and Flyers for training camp at the Pegula Ice Arena and that many PSU alumni go from blue and white to blue and gold (way) down the road. That would be awesome. Make it happen, Terry. And bring a Cup to some of the best fans in the world while you're at it. No pressure.

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