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Potential Bills buyer frees up a lot of cash

Pegula Getty Images

At a time when the newest potential buyer of the Bills made his money selling liquids, another potential buyer of the Bills is getting liquid.

According to the Tim Graham of the Buffalo News, Buffalo Sabres owner Terry Pegula has raised $1.75 billion via the sale of 75,000 acres of Utica and Marcellus Shale leases in West Virginia and Ohio.

$1.75 billion.

“This does make him a much more formidable bidder if he chooses to move forward,” an unnamed sports acquisitions expert told Graham.

It’s unclear what it will take to get the Bills, from cash to a commitment to keep the team in Buffalo.  Regardless, Pegula clearly has one of the key ingredients that it will require to make a competitive offer — cold, hard cash.

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25 Responses to “Potential Bills buyer frees up a lot of cash”
  1. jjb0811 says: Jun 12, 2014 9:06 AM

    I have some nice property in Jacksonville, interested in purchasing?

  2. bornahawker says: Jun 12, 2014 9:08 AM

    The man is shaking his money maker!

  3. patsfan says: Jun 12, 2014 9:10 AM

    $1.75 Billion, huh?

    I guess I should free up some cash too.

  4. billsmafiaordie says: Jun 12, 2014 9:22 AM

    I got a 98 Toyota Camry, about $90, and a 3 year old flat screen I can throw into the mix, if it helps Terry…Not quite 1.75 billion but every little bit helps

  5. uglydingo says: Jun 12, 2014 9:26 AM

    Maybe he’s just getting cashed up to try to date a Kardashian? Keep circling the wagons Buffalo.

  6. jrocknstuff says: Jun 12, 2014 9:28 AM

    Seeing what he’s done with the Sabers, I don’t think this news will thrill Bills fans.

  7. justintuckrule says: Jun 12, 2014 9:54 AM

    So he traded creating earthquake catastrophes to wanting to suffer through the catastrophe known as bill fandom. Circling the wagons

  8. marvsleezy says: Jun 12, 2014 10:01 AM

    Has he done anything with the Sabres? He hires other people to take care of personnel (players scouting coaching) – So his influence if actually minimal. And he has spend millions of his own money.

    He would be great for the Bills

  9. wny49er says: Jun 12, 2014 10:02 AM

    He did nothing to the Sabres it was Larry Quinn.

  10. jrocknstuff says: Jun 12, 2014 10:38 AM

    Look at where the Sabers were in 2011 when Pegula bought them to where they are now. Pegula got rid of Regier and brought in Tim Murray who is making mistake after mistake. He doesn’t make hockey decisions, but his decision on GM has been horrendous.

  11. losangelesbillsofbuffalo says: Jun 12, 2014 10:41 AM

    Everyone seems to think that there’s more money in California to overpay for the Bills. Truth is, there’s more money in Western, Central & Upstate New York to buy the entire bankrupt state of California. I’m talking “old money”. The question will be about whether someone WANTS to over pay, not whether they CAN over pay.

  12. nicopenelope says: Jun 12, 2014 11:11 AM

    I think I should have worked smarter.

  13. artworkworld says: Jun 12, 2014 11:47 AM

    California has a budget surplus. Sorry that the facts don’t fit your political beliefs.

  14. bornandraisedwny says: Jun 12, 2014 11:51 AM

    Could you imagine how much tax you have to pay on a 1.75 BILLION transaction! More than I will make in my lifetime #taxman

  15. joetoronto says: Jun 12, 2014 11:57 AM

    $1.75 billion is fine, if the team were to stay in Buffalo, but it’s nowhere near enough if the team were to move to a big city.

    Whether you like it or not is irrelevant, that’s business.

  16. keepyerstickontheice says: Jun 12, 2014 12:09 PM

    Pegula’s only mistake with the SABRES (yes, this is how you spell it), was not giving Regier the boot immediately. Tim Murray’s work has yet to be determined, but so far he’s done a great job fleecing the rest of the league in trades. Now if he could only get rid of Leino…

    If Pegula does buy the team, he could build a stadium next to the Harborcenter. That would be some epic tailgating. Football during the day, hockey at night, you’d never have to leave.

  17. djshnooks says: Jun 12, 2014 12:10 PM

    If you think Tim Murray is bad for the Sabres, or even Pegula, you need to stick here and not follow hockey. Or maybe you need to follow it a little bit better.

    Golisano and Quinn put the Sabres in a hole with poor draft decisions. Pegula and Murray are now fixing that. Nolan wasn’t coming back for anyone else, and he improved a team full of scrubs.

    If you mean trading Miller and Vanek, they didn’t want to be here anyways…and what have they done or won lately or at all?

    Murray and Patrick built Stanley Cup winning teams in several places. Murray got excellent value for Miller, and he knows exactly what he’s doing…trying to build the Sabres up like he built up Anaheim, or how the Kings are built now. It’s easy to see.

    You clearly have no clue when it comes to hockey, or who Tim Murray really is. And when they start winning with Reinhart and McDavid and bring Pat Kane home…you don’t deserve to call yourself a fan.

    I’d love Pegula, much more than Golisano.

  18. denverdude7 says: Jun 12, 2014 12:21 PM

    Shouldn’t that be $1.75 Bill$ion?

  19. billsfanattick says: Jun 12, 2014 1:28 PM

    1.75 Meeelion dollars (puting pinkie finger to lips….)

  20. iloveagoodnap says: Jun 12, 2014 1:35 PM

    joetoronto says: Jun 12, 2014 11:57 AM

    $1.75 billion is fine, if the team were to stay in Buffalo, but it’s nowhere near enough if the team were to move to a big city.

    Whether you like it or not is irrelevant, that’s business.
    ……………
    That’s fine, except that you completely miss the fact he made $1.75 billion just on this sale. Surely you don’t believe he had no other money other than what this sale allotted him, do you? He has just under $4 billion in addition to the $1.75 billion he made. That’s plenty of money to keep them in Buffalo, or put them anywhere.

    This is also not to mention that, the last I checked, the Bills still play in Buffalo. So whether or not this is enough if they were to move is quite irrelevant.

  21. misteranderson41 says: Jun 12, 2014 3:26 PM

    anyone but bon jovi…..no one circles the wagons like donald trump and the buffalo bills

  22. rrhess1529 says: Jun 12, 2014 3:33 PM

    Golisano is out chasing his woman no time for football….

  23. captbuff says: Jun 12, 2014 5:32 PM

    I don’t care how bad the Bills are if they stay in Buffalo. Not like the “great” Ralph Wilson ever won us anything. He got lucky with Polian who got us to 4 Super Bowls. Playing in Buffalo is the most important. Winning is the second most important. Come on Terry!

  24. raiderapologist says: Jun 12, 2014 5:51 PM

    I freed up $17.50 last week when I took my change jar up to the coin star machine, so I can relate to Pegula.

  25. richc111 says: Jun 12, 2014 10:02 PM

    What no one has mentioned here what Pegula is also doing is turning Buffalo into the center of amateur hockey for the US. He has spent 170 million of his own money building a state of the hockey center with a hotel complex and dining. Even though the Sabres haven’t done well, some NHL insiders point to them as a team that in two year might be loaded with good young talent which 1/3 of the team will be 1st and 2nd round picks. But anyway, I hope he gets it, he is a native buffaloian and I think he would do exactly what will need to be done.

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