Buffalo Sabres owner Tom Golisano was asking for $175 million from billionaire businessman Terry Pegula to purchase the team, The Buffalo News has learned. The asking price had been a subject of widespread speculation, including one report that had it at $150 million.
No word yet on whether any agreement, verbal or otherwise, has been reached. It didn't appear that Pegula signed a letter of intent to purchase the team, but sources confirmed the $175 million price tag and suggested Pegula would accept such a deal.
Pegula did not return telephone calls seeking comment today and has not spoken publicly about his interest in purchasing the franchise. It could be several weeks before an agreement is reached and months before any sale is complete.