Fjordy
Registered User
- Jun 20, 2018
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Well, we could have taken a chance on Vladar, he was only worth the third round. It's just that guys like them may well still progress, this can hardly be attributed to Anderson and Dell.
All Things Pegula 2
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joshjull
Registered User
I think much of the complaints about goalies we should have gotten are misguided. Vladar isn’t going to come in and carry the team when its struggling. Almost none of the goalies mentioned could, even if they are better than what we have.
Fjordy
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I disagree, that is, of course, maybe he would not have been a super-man for us, but what can you possibly count on with Anderson - Dell pair? This is terrible. There were options for both trades and the free agent market. Adams once again failed to cope with it.
Jim Bob
RIP RJ
Jacob582
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Jim Bob
RIP RJ
I think the more likely answer is that Adams didn't want to give up a pick to add Ned.
Zach716
Pucks in deep
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They ran Lafontaine out so far he wouldn't even come to alumni night.
Jim Bob
RIP RJ
Buffaloed
webmaster
Pegulas sell waterfront condo to fintech startup co-founder for $1.15M
When you already own a 57-acre estate in the woods of Aurora, there's really no need to keep that waterfront condo in downtown Buffalo.
The condo was built in 2009, and the Pegulas had purchased it through another entity – Second Half LLC – in September 2011 for $772,500, before transferring it to East Property Management in January 2017 for $390,540.
The couple had also bought a 2,253-square-foot townhouse condo at 100 Rivermist Drive – with two bedrooms and four bathrooms – from former Sabre Derek Roy for $550,000 in August 2012, and then transferred it to East in January 2017 for $155,120.
So they take a paper loss on the transfer to an LLC they control to avoid taxes?
When you already own a 57-acre estate in the woods of Aurora, there's really no need to keep that waterfront condo in downtown Buffalo.
The condo was built in 2009, and the Pegulas had purchased it through another entity – Second Half LLC – in September 2011 for $772,500, before transferring it to East Property Management in January 2017 for $390,540.
The couple had also bought a 2,253-square-foot townhouse condo at 100 Rivermist Drive – with two bedrooms and four bathrooms – from former Sabre Derek Roy for $550,000 in August 2012, and then transferred it to East in January 2017 for $155,120.
So they take a paper loss on the transfer to an LLC they control to avoid taxes?
Djp
Registered User
likely an accounting trick going on here thst makes it a tax write off.
Zach716
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If any of us did this for our mortgage it’d likely be a huge no-no.
joshjull
Registered User
What? deal with Derek Roy? I think that’s still legal.
Last edited:
It's a back door thing.
PegulasSportsEmpire
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Buffaloed
webmaster
Either Peters is an incredibly naive WNY transplant or he went out of his way not to say anything that could be seen by the Pegulas as criticism.
itwasaforwardpass
I'll be the hyena
- Mar 4, 2017
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Friedge's reaction to Peter's was great. He tried to tell him "you're wrong" as gently as possible. Friedmen was basically like "yeah...no...."
MarkusKetterer
Shoulda got one game in
I can see the Pegulas selling the team if they get an offer they cannot refuse (like over a billion dollars), but otherwise, nah.
Zach716
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I'd be surprised, it's not like he's strapped for cash.
Terry Pegula's net worth increases in annual Forbes' list of richest Americans
Terry Pegula's net worth increases in annual Forbes' list of richest Americans
BloFan4Life
Registered User
lol, no owner is selling an NFL team with the way it prints cash.
Anyone can start a rumor.
jc17
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- Jun 14, 2013
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If it prints money, I'm sure there would be many interested buyers.
Buy one of the least valuable franchises, break the playoff drought, draft a franchise QB, and sell at a significant profit before needing to pony up for a new stadium? Not happening now, regardless but I wouldn't be so quick to dismiss it. They originally said they had no intention of owning a football team, but wanted to keep it in buffalo
I just don't see Pegula having any interest in selling the team that by all accounts he was a huge fan of long before he ever purchased them. Stories of him listening to Sabres games on the radio, being a season ticket holder, taking his wife to a Sabres game on their honeymoon in Montreal, saying Gil Perreault was his hero, and crying when he bought the team would not indicate a man who would ever even consider selling them.
brian_griffin
"Eric Cartman?"
Ignoring the fact the county and state would re-set all stadium negotiations in the event of a sale to a new owner...
You're crazy if you think any private funding Pegulas ante up for a stadium will be either:
A. A significant portion of the overall price tag.
B. Not tax-advantaged in some fashion.
C. Impact their actual personal (family) assets / cash flow.
This is not a dig against the Pegulas, and I'm not an accountant. But recognize there is no advantage to the Pegulas privately owning either all or a portion of an asset which won't appreciate in value, unless they have a tax structure which allows them to write down the loss in value. If there is majority public funds used to build a new stadium, it will be publicly owned and operated. Public bonds will be issued. Any private money would likely be secured at a similar bond rate. Any private payments to service those private bonds will count as an expense. The depreciation on the decline in value will count as a non-cash expense. In essence, the Pegulas will be "paying themselves" to reduce whatever tax burdens PSE has, or what flows through from PSE to their personal returns.
This strategy would be in contrast to, but in harmony with, whatever they are doing with land purchases on the waterfront, etc., which have been reported in these forums. That land is privately owned by them (or one of their businesses) and has the prospect of appreciating.
I'm sure the Pegulas will kick in some money to "look good", but don't kid yourself that it will be anything material in their overall net worth or cash flow. Again, not a dig on the Pegulas, just the reality of public-private partnership investments.
