Hey Terry, Do Us A Favor and SELL
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random twitter person tweeted something and then a bunch of idiots ran with it
Beerz
Registered User
- Jun 28, 2011
- 38,079
- 15,143
Very random. LOL, Where there is smoke, there is fire. He got stuff wrong though. But Athletic has a story.
Pegula family selling portion of Bills ownership stake: Sources
Sources stressed Pegula eventually might not sell part of the Bills, but for the first time, he’s ready to welcome a limited partner.
theathletic.com
The Terry Pegula version of the Sabres have the dubious distinction of holding the ALL-TIME playoff drought record at 13 years. Not active record, ALL-TIME record for any franchise ever! It is likely the most inept decade of NHL hockey for any franchise in history (definitely top 3).
The next closest team in all-time playoff drought is 10 years. This is a record that might stand for decades.
buffalowing88
Registered User
Obviously he's not doing that but the value of the Bills is insane compared to when he bought them. I think he paid around $1 billion and they are now valued at $4 billion.
Between the NFL as a whole just growing exponentially and Allen making the market a hotbed for football again, Pegula is printing cash. All those extra playoff games and public financing to go towards a brand new stadium, too? Jeez.
I’ve said this before and I always get yelled at - but the Pegulas need more liquidity. This makes perfect sense in that context.
Yes, you can Google their net worth and it’s high. But almost all of it is tied up in the Bills/Sabres.
He’s ran many businesses into the ground. He tried to ramp up his fracking business and got sued/fined and ended up not producing much. He started a wealth management company. It all added up to him trying to create more liquidity due to non-Bills businesses failing.
And now here we are. I wouldn’t be surprised if there’s more to come.
Yes, you can Google their net worth and it’s high. But almost all of it is tied up in the Bills/Sabres.
He’s ran many businesses into the ground. He tried to ramp up his fracking business and got sued/fined and ended up not producing much. He started a wealth management company. It all added up to him trying to create more liquidity due to non-Bills businesses failing.
And now here we are. I wouldn’t be surprised if there’s more to come.
Tijuana Donkey Show
Registered User
- Mar 14, 2023
- 343
- 388
Gonna bump my own post and add on with the Athletic Article.
It has been clear for some time Terry needs some more cash.
"Nothing to see here I am not selling anything everything is cool. The years of a leaking roof, keeping the scoreboard for 2x the factory recommendations, adn bottom half spending across the NHL, and getting out of any major contractual obligations are just happenstance" - Terry Pegula
"I am selling stuff"- Also Terry Pegula
Pegula family selling portion of Bills ownership stake: Sources
Sources stressed Pegula eventually might not sell part of the Bills, but for the first time, he’s ready to welcome a limited partner.
theathletic.com
Well, he is about to be 26% away from being a very profitable fan.
Ace
Registered User
- Oct 29, 2015
- 26,625
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I don’t have any reaction at all to selling minority stake in the Bills. That’s a smart, safe business move. Given the current evaluation and the short term trajectory of the league…they can get back almost what they paid for 100 percent of it and maintain all control. You’re sacrificing that percentage of future profits but how much income does someone need when they’re banking that much in a lump sum? Not to mention still getting the majority of profits.
I just wish he would sell 100 percent of the Sabres instead.
I just wish he would sell 100 percent of the Sabres instead.
Gabrielor
Registered User
That for me is contingent upon a buyer that keeps them in Buffalo. Forever.
It's an unfair comparison. Boston's 60s are considerably worse they missed 8 years when 4 out of 6 teams made the playoff.
Similarly to NYR only winning 1 cup during the entire o6 stretch is the equivalent of a century drought now.
The Sabres record will be hard to break if the league shifts playoff structure. If they don't it'll likely be broken.
Someone is going to pay Terry 1 billion dollars and the Prfula’s remain in control.
Smart business decision.
He forfeits 25% of yearly profit + loses out on 25% of the value of the franchise going forward (which only goes up, at a rate higher than he will get in the open market).
It’s not a smart business decision. It’s a cashing out because you need liquidity.
Ace
Registered User
- Oct 29, 2015
- 26,625
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My need for him to be out has outweighed my need for them to stay for a few years now.
I’ll take the risk.
It’s better than maintaining his ownership
Tijuana Donkey Show
Registered User
- Mar 14, 2023
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On the flip side players in the 60's were making substantially less. Playing professional hockey was a major financial commitment.
Even if the league doesn't shift playoff structure 13 years will be hard to break.
What relevance is the bolded? That's equally true for all players. What these streaks represent is variance. And variance on a coin flip is lot bigger than variance on a 66% playoff.
All of these streaks are likely to be broken. There's a reason only Boston's streak is prominent of the pre-expansion teams. Ottawa and Detroit have fairly significant streaks going too, Montreal would have been with them except for the Covid Seasons.
MOGlLNY
Hotel Cuck Chair Adams
- Jan 5, 2008
- 12,802
- 13,591
Bills made an estimated $65M in 2021-2022…25% of that is 16.25M. If he got an ROI of 1.7% he makes more off of that 1B than profits so I’m not sure why you’re factoring that in at all besides just looking for reasons to slam Pegula. (And yes, I’m ignoring taxes for simplicity but even a 3.4% return would be incredibly modest).
As for the 25% of franchise value, it has been speculated for years that the NFL will have to allow private equity or franchise values will stagnant due to the lack of people who can afford teams at these valuations…seems like he might be ahead of the curve on this
It's just a necessity, likely. There are reasons for or against. But a 25% partner can be an irritant. They also could have the right of first refusal if the team ever goes on sale. Who knows?
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