SBD/Issue 73/Franchises

Terry Pegula Continues Work To Buy Sabres From Tom Golisano

Pegula Reportedly Has Signed Letter
Of Intent To Purchase Sabres

East Resources President & CEO Terry Pegula "continues working quietly behind the scenes while making sure every detail is covered before he buys" the Sabres, according to Bucky Gleason of the BUFFALO NEWS. An NHL source recently confirmed that Pegula "has signed a letter of intent." It "could be another six weeks or longer before he officially becomes owner," but Gleason wrote Pegula buying the team is "a fait accompli" (BUFFALO NEWS, 12/26). Sabres GM Darcy Regier said that current Owner Tom Golisano "has issued no edicts about making moves" despite the reported impending sale. In Buffalo, Mike Harrington noted "nothing has changed from the beginning of the year when the team's budget was set." Regier "can trade, he just can't add money," so moves "have to be dollar for dollar" (BUFFALO NEWS, 12/27).

NOTHING TO SEE HERE: On Long Island, Neil Best noted Islanders Owner Charles Wang "slapped a 'not for sale' sign" on the team last Thursday during an interview with NHL Commissioner Gary Bettman on Sirius XM Satellite Radio, "asserting his commitment to both the area and the team, even as it struggles badly on and off the ice." Wang: "We are working very hard to try and keep the team on Long Island because that's my home." Wang added if a deal cannot be reached at the team's current site, "I'd like to be close enough so I can commute to the game and go to all the home games as best I can." Wang: "If it's Queens, great. If it's Suffolk, great. Obviously we want to be in this area because it's our home" (NEWSDAY, 12/24). In N.Y., Larry Brooks wrote Bettman deserves "credit" for asking Wang and Islanders GM Garth Snow "questions that needed to be asked on his radio show Thursday afternoon even if the answers weren't quite satisfactory." The Islanders last month revoked the credentials of Chris Botta, a blogger and former employee, and Brooks joked, "This just in: The Islanders have revoked the commissioner's credential" (N.Y. POST, 12/26).

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