Regarding this decision, here is what I think Pegula is thinking: you can’t make money running an antiquated, million-year-old arena so here’s the keys to everything but the locker rooms.
The problem here is that Terry’s profit & loss in ROC is immaterial to his seven billion dollar balance sheet. That is why it is so saddening to the local community. He’s basically like, “yea the Amerks/Hawks/Blue Cross Arena is less than 1% of my annual revenues and the P&L statement doesn’t make money so peace out.”
Kim was the force of, “Rochester is important because it is my home town.”
Terry has moved on from that and it sucks for us in ROC. He was the angel investor and it is no more.