All Things Pegula 2

[beerme1]

He should sell. He failed.

I don't think he can now even if he wanted too. Nobody gonna pay a billion dollars for a team that probably hasn't made money in Pegula's entire ownership other than maybe the first year.
Bills are a different story but he will sell a minority stake and laugh all the way to the bank with that operation.

 

[joshjull]

I don't think he can now even if he wanted too. Nobody gonna pay a billion dollars for a team that probably hasn't made money in Pegula's entire ownership other than maybe the first year.
Bills are a different story but he will sell a minority stake and laugh all the way to the bank with that operation.

He could sell a 25% minority stake in the Sabres or rather the LLC that owns them like he's doing with the Bills. He would get back what he paid for them and then some, which is wild.

 

[joshjull]

When Pegula dissolved PSE and separated the Bills and Sabres ownership. What does the Sabres ownership look like now? When Pegula bought the Sabres he was buying Hockey Western New York LLC which owned the Sabres and Bandits. Not long after it (the LLC) bought the Amerks. I’m assuming he split off that LLC or created a new one that owns the Sabres, Amerks and Bandits.

 

[TehDoak]

He could sell a 25% minority stake in the Sabres or rather the LLC that owns them like he's doing with the Bills. He would get back what he paid for them and then some, which is wild.

Assuming anyone would actually pay at that valuation.

They supposedly have looked into selling to private equity in the past (this was rumored a few years ago) and it fell through. My guess is that it would hard for him to sell off any piece of the team without ceding some actual control/oversight. The team is run like a family business currently more than a 1 billion dollar business.

 

[Beerz]

He isn't selling.

The team will go to his daughter by the looks of it.

 

[Sabresfansince1980]

He isn't selling.

The team will go to his daughter by the looks of it.

I thought this was common knowledge. Even though I think part of the equation is cheap ownership, Pegula seemingly has no way to ever capitalize of the value of the franchise. If he sells part, that is shorting his daughter some amount of control. If it's all going to her, he doesn't see a dime without some other creative money move on her part.