RALEIGH, N.C. -- Terry Pegula made a good impression with the NHL's executive committee this morning while confirming he's plenty suited to take over as owner of the Buffalo Sabres. He met with the five-man panel for less than an hour.
NHL Commissioner Gary Bettman and Deputy Commish Bill Daly certainly like what they've found in Pegula so far. Both were impressed with his passion for the game and the money he's prepared to put behind the Sabres when he takes over.
"I think he's a good guy," Bettman said after his state-of-the-game news conference in RBC Center. "He has the resources. He's familiar with the area. ... He obviously loves the game. He's investing in it on all levels."
Said Daly: "He was very impressive. He’s down to earth, he’s normal and he spoke about his passion for the game. He spoke about his passion for the Sabres and about this being a lifelong dream to own the Sabres and operate them. And he talked about his vision for the future.
"He has some pretty substantial resources behind the club and making it successful long term. He wants to see it be successful on the ice. It was a good session."
No timetable has been set on the team being sold, but it appears to be a few weeks away. Pegula is buying the Sabres for $175 million and absorbing $14 million in liabilities. Total cost: $189 million. The franchise was valued at $169 million last year by Forbes magazine.
--- Bucky Gleason