| Born: | March 27, 1951 | Status: | Owner (Buffalo Sabres) |
| Hometown: | Carbondale, Pennsylvania | Known For: | Owner of Pegula Sports Entertainment |
Terrence Michael Pegula (born March 27, 1951) is an American billionaire businessman and petroleum engineer. He is the owner of Pegula Sports and Entertainment which owns the Buffalo Sabres of the National Hockey League (NHL) and, with his wife Kim Pegula, the Buffalo Bills of the National Football League (NFL). Amassing his fortune via investments in fracking, he has interests in natural gas development, real estate, entertainment, and professional sports. His net worth is over $7 billion.
Sabres Under Ownership
In 2011, Pegula purchased the Sabres, along with the Buffalo Bandits of the National Lacrosse League (NLL), for $189 million. A few months later, Pegula purchased the team’s AHL affiliate, the Rochester Americans. Upon his purchases, he immediately started investing money in the team and famously said, “Starting today, the Buffalo Sabres’ reason for existence will be to win a Stanley Cup.”
While the Sabres have yet to win a Stanley Cup, or even make the playoffs since Pegula bought the franchise, the team is worth $385 million (2020).
Deeper Dive
- Buffalo Sabres Terry Pegula Admits Words Won’t Rally Team
- Grading Buffalo Sabres First-Round Picks in Pegula Era
- NHL Owners: Who Are They?