All Things Pegula 2

[Fjordy]

I’m with you on Ned.

Hill on the other hand cost a 23yr old goalie prospect we don’t have and a 2nd.

I don’t see Vladar as much of an upgrade. He’s yet to show he can handle the NHL. He’s ahead of UPL development-wise but not by much and he’s two years older.

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.

 

[joshjull]

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.

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.

 

[Jacob582]

Did we have a chance at Ned? How important was it to Carolina to get the rights to Bernier to try to sign him?
(It didn't work out but that is another story)

 

[Fjordy]

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.

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]

Did we have a chance at Ned? How important was it to Carolina to get the rights to Bernier to try to sign him?
(It didn't work out but that is another story)

The Sabres could have included Ullmark in that case...

 

[Jacob582]

The Sabres could have included Ullmark in that case...

Maybe Carolina wasn't interested in Ullmark.

 

[Jim Bob]

Maybe Carolina wasn't interested in Ullmark.

I think the more likely answer is that Adams didn't want to give up a pick to add Ned.

 

[Zach716]

I've said it before, but they need someone that has ties to the history of the Sabres to get in the Pegulas ears about stepping back a little bit.

They ran Lafontaine out so far he wouldn't even come to alumni night.

 

[Jim Bob]

 

[Member 308457]

Sailing away: superyacht industry booms during Covid pandemic

 

[Buffaloed]

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?

 

[Djp]

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?

likely an accounting trick going on here thst makes it a tax write off.

 

[Zach716]

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?

If any of us did this for our mortgage it’d likely be a huge no-no.

 

[joshjull]

If any of us did this for our mortgage it’d likely be a huge no-no.

What? deal with Derek Roy? I think that’s still legal.

 

[TehDoak]

What? deal with Derek Roy? I think that’s still legal.

It's a back door thing.

 

[PegulasSportsEmpire]

Pegulas selling

 

[Buffaloed]

Pegulas selling

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]

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.

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]

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]

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

 

[jc17]

Rumor is this isn't the only buffalo sports team they've thought of selling in the past few years....

 

[BloFan4Life]

Rumor is this isn't the only buffalo sports team they've thought of selling in the past few years....

lol, no owner is selling an NFL team with the way it prints cash.

Anyone can start a rumor.

 

[jc17]

lol, no owner is selling an NFL team with the way it prints cash.

Anyone can start a rumor.

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

 

[member 334057]

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]

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

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.