The NFL’s owners have gathered in Manhattan, and on Wednesday morning there will be a new member of the club. Actually, two of them.
Tim Graham of the Buffalo News explains that the vote approving the purchase of the Bills by Terry and Kim Pegula is expected to occur early Wednesday. The vote also is expected to be unanimous.
Already, other owners are speaking as if it’s a done deal.
“We’re excited,” Steelers owner Art Rooney II said, via Graham. “I think it will be no problem.”
“They’ve conducted themselves as a class act throughout the process,” Eagles owner Jeffrey Lurie said. “We’re delighted to approve them, and I think they’ll be great for Buffalo.”
“I think they’ll be great owners,” Texans owner Bob McNair said. McNair chairs the finance committee, which already has approved the transaction that will result in $1.4 billion changing hands from the Pegulas to the estate of Ralph Wilson, who founded the franchise back in 1960. Wilson died in March at the age of 95.
The vote is expected to happen early on Wednesday, so that the Pegulas can thereafter represent the franchise at the balance of the quarterly meetings. As Graham explained last week on PFT Live, Kim Pegula is expected to be heavily involved in the day-to-day operation of the team.
As one league source recently explained it to PFT, the Pegulas are expected to build a new stadium in Buffalo within the next 5-10 years, securing the team’s presence in Western New York for years to come.