Saturday, January 29, 2011

Sabres Sale Complete, Pegula Announcement Soon

((HT: WGRZ-TV Buffalo))

Looks like the long-anticipated sale of the Buffalo Sabres to Terry Pegula is this/close to being announced as a done deal.

Pierre LeBrun tweeted that the sale price is in the neighborhood of US$189-million and that the announcement could be by the end of next week.

NHL Commissioner Gary Bettman confirmed that Pegula met with the NHL's Executive Committee Saturday when Bettman addressed the sale at his state-of-the-state news conference at All-Star Weekend in Raleigh, North Carolina.

"Terry Pegula who has obviously expressed interest in buying that franchise was interviewed today by the executive committee but this process and this transaction are not yet near being done. No votes were taken this was just a preliminary step."

Adam Benigni catches up with LeBrun...

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