Terry Pegula named Sabres President; PSE separating Bills and Sabres

[Doohickie]

 

Is this significant or just a reshuffling of the deck chairs to make the accountants happy?

[GASabresIUFAN]

Setting up to sell the Sabres.  

[SDS]

This sounds like a good thing to me. My guess is that they tried the combination and it did not work to their satisfaction.

[LabattBlue]

So much for “One Buffalo”. 😂

[JoeSchmoe]

2 minutes ago, GASabresIUFAN said:

Setting up to sell the Bills.  

See above... I see it differently. Given the choice, I think pegula would want to focus on his first love.

[Eleven]

Here is the full announcement:  https://www.nhl.com/sabres/news/terry-pegula-sabres-president-organizational-restructure/c-345685802

There's not much to it.  It's pretty impossible to tell why they're doing it.  Could be a million reasons.

Did the music end of the business ever get off the ground?  We know the food didn't do well, and the fashion experiments were, umm...bad.  They sold off the Beauts and I don't know how well the hotel and training departments do, either.

Then there's Kim's health to consider, too.

We can speculate all month long if we want to but I don't think we're going to know anything until the next shoe drops, if even then.

Edited August 28, 2023 by Eleven

[SDS]

From the announcement it just sounds like they’re contracting their ambitions and what’s left is just the two respective organizations.

[Eleven]

In other news, @PASabreFan has lost it.  He has lost it.  He's down four-nothing and he's blown his cool...he's flipped his lid!

[PASabreFan]

11 minutes ago, JoeSchmoe said:

See above... I see it differently. Given the choice, I think pegula would want to focus on his first love.

Football? And don't poke me about Narrative. Terry's said as much.

@That Aud Smell is going to flip his own lid at the writing in that release. 

[PromoTheRobot]

24 minutes ago, GASabresIUFAN said:

Setting up to sell the Sabres.  

Why would he make himself  president of a team he's going to sell?

[PASabreFan]

1 minute ago, PromoTheRobot said:

Why would he make himself  president of a team he's going to sell?

Thanks for pointing out that he named himself. That's where I'd start in critiquing the murkiness of the language. He wasn't named president.

Edited August 28, 2023 by PASabreFan

[PromoTheRobot]

Just now, PASabreFan said:

Thanks for pointing out that he named himself. That's where I'd start in critquing the murkiness of the language. He wasn't named president.

Uhhhhhh....

 

[PASabreFan]

Also, is PSE no more?

1 minute ago, PromoTheRobot said:

Uhhhhhh....

 

Who named him?

[SDS]

1 minute ago, PromoTheRobot said:

Uhhhhhh....

 

I don’t think you have thought through this.

Just now, PASabreFan said:

Also, is PSE no more?

Who named him?

Correct. If you read the full release they said they are dissolving PSE. 

[GASabresIUFAN]

1 minute ago, PromoTheRobot said:

Why would he make himself  president of a team he's going to sell?

So he is in a direct position to diccuss and field offers.   My guess is this won’t happen for a couple of years.  He wants to get the team back into the playoffs, get the season ticket base back up and then sell the team.  With KA firmly in charge of the hockey side of things, TP can focus on the business end and dealing with his fellow owners.

1 minute ago, PASabreFan said:

Also, is PSE no more?

Who named him?

His parents.

[Night Train]

44 minutes ago, GASabresIUFAN said:

Setting up to sell the Sabres.  

 

[RangerDave]

21 minutes ago, PASabreFan said:

Also, is PSE no more?

Who named him?

If you read the release, it says the "Buffalo Sabres" named him president.  I guess the players voted him in?  No - the release would have said the Buffalo Sabres "elected" him president.  Maybe there was a coup?

[nfreeman]

Interesting.  It could certainly be a precursor to a sale of one (or both) of the teams, or at least a move intended to make it easier to do so.  It could also be as simple as eliminating redundancies -- if they are going to limit their operations to the 2 teams, a parent umbrella organization, and its executives and employees, probably isn't needed. 

It does seem like this, along with the recent announcement that arena improvements are in the offing, plus a rising salary cap and a (hopefully!) team on the rise, and of course Kim's health situation, make a sale in the next couple of years more likely.

We'll see. 

[Flashsabre]

Its a move to sell merchandise: "2Buffalo" 😜

[Zamboni]

Meh …. Ok. Cool. Does it affect me as a fan of the Sabres? Nope. Have at it Terry.

[JoeSchmoe]

56 minutes ago, PASabreFan said:

Football? And don't poke me about Narrative. Terry's said as much.

@That Aud Smell is going to flip his own lid at the writing in that release. 

I never thought too much about it, but my perception is the Sabres were his love that he bought to enjoy his hard-earned money as he mentioned back in the early days. 

He bought the Bills to save the team from being bought and moved by Jon Bon Jovi et al.

From the getgo with the Bills it seemed more like a Kim thing, and if she's not in the position to be managing them, that would be the team Terry would be most likely to offload if either were on the chopping block.

Plus, with a stadium deal in place the Bills' future in Buffalo seems more secure.

[Doohickie]

31 minutes ago, RangerDave said:

Maybe there was a coup?

There was.  It was led by Kevyn and Donny Meatballs.  Terry still thinks he's in charge but he hasn't been for a while.

[inkman]

56 minutes ago, PASabreFan said:

Also, is PSE no more?

Who named him?

Him.  He’s him.  
 

 

I think that’s what the kids are saying…

[#freejame]

10 minutes ago, JoeSchmoe said:

I never thought too much about it, but my perception is the Sabres were his love that he bought to enjoy his hard-earned money as he mentioned back in the early days. 

He bought the Bills to save the team from being bought and moved by Jon Bon Jovi et al.

From the getgo with the Bills it seemed more like a Kim thing, and if she's not in the position to be managing them, that would be the team Terry would be most likely to offload if either were on the chopping block.

Plus, with a stadium deal in place the Bills' future in Buffalo seems more secure.

Terry bought the Sabres to be able to make a better play at buying the Bills. He loves the Bills. He gets his mentions by the players and ESPN and all the love in the world. Half the Sabres fanbase hates him. Why wouldn’t he rather sell the Sabres? Not to mention the value of an NFL franchise is going to continue to grow faster than the value of an NHL franchise. 

[PromoTheRobot]

16 minutes ago, JoeSchmoe said:

I never thought too much about it, but my perception is the Sabres were his love that he bought to enjoy his hard-earned money as he mentioned back in the early days. 

He bought the Bills to save the team from being bought and moved by Jon Bon Jovi et al.

From the getgo with the Bills it seemed more like a Kim thing, and if she's not in the position to be managing them, that would be the team Terry would be most likely to offload if either were on the chopping block.

Plus, with a stadium deal in place the Bills' future in Buffalo seems more secure.

Why sell an asset that increases in value like the Bills? I don't see anyone lining up to pay $4B+ just to keep the team in Buffalo. As for the Sabres, there's nothing like a $850MM penalty for moving them, like the Bills have. Other than Bettman's historical reluctance to move franchises, I don't like the idea of a Sabres sale. There's no question the Sabres double or triple in value in any other city.