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Sabres price tag: $175 million

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.

---Bucky Gleason

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John Vogl

John Vogl

John Vogl has been covering the Sabres since 2002-03, an era that has included playoff runs, last-place finishes and three ownership changes. The award-winning writer is the Buffalo chapter chairman for the Professional Hockey Writers’ Association.

@BuffNewsVogl | [email protected]

About Sabres Edge


Mike Harrington

Mike Harrington

Mike Harrington, a Canisius College graduate who began his career as a News reporter in 1987, has been covering the Buffalo Sabres since 2007. He is a member of the Professional Hockey Writers' Association and can vouch that exposed flesh freezes instantly when walking in downtown Winnipeg in January.

@BNHarrington | [email protected]


Amy Moritz

Amy Moritz

Amy Moritz, a native of Lockport, has a bachelor’s degree in journalism/mass communication from St. Bonaventure University and a master’s degree in humanities from the University at Buffalo. An endurance athlete, she has completed several triathlons, half marathons and marathons.

@amymoritz | [email protected]

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