‘“Reports regarding the sale of the Buffalo Sabres tend to surface from time to time. There have been several inquiries in the past few years regarding this subject. Our company policy is we do not comment on them because people make inquiries all the time. Some of these inquiries are serious, some are not, some make the media and others do not. The report that a $150 million letter of intent has been signed is simply not true.”’
Archives for November 2010
The Sabres Report - November 30, 2010
‘Quinn would only call Terry Pegula “a great guy,” noting the two first met when Quinn previously worked for the Pittsburgh Penguins. Quinn spoke by phone to The Associated Press on Tuesday, after The Buffalo News cited unnamed sources in reporting that Pegula has emerged as a serious candidate to buy the Sabres.’
Pegula recently donated $88 million to start a Division-I hockey program and build new facilities at Penn State University. He is the founder and CEO of East Resources. He was ranked No. 110 on the latest Forbes 400, and his wife hails from Western New York.
‘THN.com has learned that billionaire Terry Pegula has signed a letter of intent to buy the Buffalo Sabres from Tom Golisano for about $150 million.’
‘"This isn’t in reference to Terry or anybody else, but we get inquiries on the team — a number per year — and someday one of these rumors is going to be true," Quinn said. "So far, the last four or five years it hasn’t. We’ve just adopted a policy where we don’t comment. It has nothing to do with Terry. It’s just a uniform policy."’