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Buffalo Sabres owner Terry Pegula to buy Buffalo Bills

Buffalo Sabres owner Terry Pegula has reached an agreement to buy NFL franchise the Buffalo Bills.

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The future of the Bills has been under some doubt since the passing of founder and owner Ralph Wilson in March.

Billionaire entrepreneur Donald Trump had also submitted a bid to buy the Bills, along with a Toronto-based group fronted by Jon Bon Jovi, although it had been feared that a sale to the latter party would see the team move to the Canadian city, where Buffalo have played one home game a season for each of the past six years.

No Bills game will be played in Toronto this term, though, and the possible threat of a move away from Buffalo has been staved off with the news that Pegula, who has owned the NHL's Sabres since 2011, will take over.

The agreement will be submitted for league approval at the next owner's meeting in New York City on October 8.

Wilson's widow and controlling owner Mary said: "This is a very important day in the history of the Buffalo Bills franchise. Ralph brought professional football to Buffalo in 1959 and it was his life's passion.

"He loved his team and he cherished the fans and his legacy will remain for all-time. Ralph would have been pleased with the sale of the team to the Terry Pegula family, who has been so committed to Buffalo and the Western New York region.

"I sincerely wish Terry and Kim Pegula all the best with the Buffalo Bills and I'm happy for all Bills fans.

"Our hope is that this great franchise brings them as much excitement and joy as it did for Ralph and that they bring home a Super Bowl championship for Bills fans everywhere. Go Bills."

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