Sabres Trade JJ Peterka to Utah for Defenseman Michael Kesselring and Forward Josh Doan

[Drag0nDan]

57 minutes ago, Pimlach said:

Restaurants and bars were heavily hurt for a while, he had the means to ride it out but chose not to.   Probably a good move.  
 

Covid didn’t devastate the NFL Buffalo Bills and its massive TV revenue, and Covid didn’t not adversely affect any natural gas businesses (if he was still involved in them).  

The acquisition of the big boat did seem to change things though.  It seemed odd to hear a family worth ~$6B publicly talking about about “maintaining the family lifestyle” while putting the Sabres into EEE cost cutting.  

 

I'd imagine its cashflow for the Bills stadium more than anything.  They sold ownership stake for cash for overruns too. 

I think the sabres were in the red for a number of years, and he needs them to not be costing millions of dollars in extras until the new stadium is completed.  

[LGR4GM]

1 hour ago, Pimlach said:

Restaurants and bars were heavily hurt for a while, he had the means to ride it out but chose not to.   Probably a good move.  
 

Covid didn’t devastate the NFL Buffalo Bills and its massive TV revenue, and Covid didn’t not adversely affect any natural gas businesses (if he was still involved in them).  

The acquisition of the big boat did seem to change things though.  It seemed odd to hear a family worth ~$6B publicly talking about about “maintaining the family lifestyle” while putting the Sabres into EEE cost cutting.  

 

My theory is that Terry was cash poor at the time and that has continued with the stadium costs. The result is that he has worried less about the Sabres because he doesn't have (in relative terms, I am sure he has 10million but if he can save it, that helps) the liquid assets to deal with the 10million a year or so he loses there. He keeps that as low as possible so it isn't 15million a year or more and that way he has just a smidge more liquid to pay for his yacht maintenance and the stadium. 

Edited 2 hours ago by LGR4GM

[shrader]

29 minutes ago, Drag0nDan said:

I'd imagine its cashflow for the Bills stadium more than anything.  They sold ownership stake for cash for overruns too. 

I think the sabres were in the red for a number of years, and he needs them to not be costing millions of dollars in extras until the new stadium is completed.  

By “a number of years” do you mean “pretty much every year”? I think that’s pretty much how it goes and has gone for a long time now, predating Pegula.