Terry Pegula bought the Buffalo Sabres in January of 2011 for $189 million. There were reports that another bid was higher previously, but that buyer would have moved the Sabres out of Buffalo (report here). While the Sabres leaving Buffalo may not have been a real option, Pegula did save the Sabres franchise, and the surrounding community, in a way.
By keeping the Sabres in Buffalo, Pegula also kept the hockey team’s economic impact in the area. The table below is a breakdown from the State Comptroller’s office, estimating the annual impact the Sabres have on the Buffalo-Niagara region.no comments