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Report: High Bills bid by Sabres owner Terry Pegula

  
Published August 22, 2014 02:53 AM
Terry Pegula, Kim Pegula

FILE - In this April 13, 2013, file photo, Buffalo Sabres’ owner Terry Pegula and his wife, Kim Pegula, pose for cameras during groundbreaking ceremonies at First Niagara Center before an NHL hockey game against the Philadelphia Flyers in Buffalo, N.Y. The Sabres owners said in a statement on Friday, June 20, 2014, that they have a strong desire to see the Bills stay in Buffalo, and aren’t ruling out making a bid to buy the franchise. The statement was released a day after a person familiar with the sale process told The Associated Press the Pegulas were among prospective buyers who received a non-disclosure agreement and background on the Bills from a law firm representing late owner Ralph Wilson’s estate. (AP Photo/Gary Wiepert, File)

AP

Through all the twists and turns of the sale of the Bills, with all the potential celebrity possibilities, it appears the high bid so far has come from a local.

Via the Buffalo News, Buffalo Sabres owner Terry Pegula turned in the highest of the three bids so far for the team.

According to a report by Forbes, the three non-binding bids all came in under $900 million.

The report said Pegula’s bid of $890 million topped the $820 million bid by the Toronto group faced by Jon Bon Jovi and the $809 million from Donald Trump. (What happened to $1 billion, all cash?)

Those numbers aren’t final, and the Forbes report suggested they’re so low that the league might want to scuttle the sale process and start over. But it does point to what has been reported previously, that Pegula was the front-runner to buy the team.