Fenway Sports Group already owns the Penguins.
Right. I meant a situation similar to that for the Sabres.
Fenway Sports Group already owns the Penguins.
How do you know the $2 B of net worth is liquid? I thought he owned a lot of real estate beyond sports.I really doesn’t help.
Since the Bills were bought with cash and have no debt to service. They are able to access up to 700 million against the team. Which is the max amount of debt allowed by the NFL for existing owners. So no, the entire value of the Bills is not “tied up”.
Also you need to stop using cash and liquidity interchangeably. Liquidity isn’t just cash on hand. It also assets that can be quickly converted to cash. In the Pegula’s case that would be the 700mil I just mentioned and the 2+billion of their net worth outside of Bills/Sabres. Thats a decent amount of liquidity.
If the current reporting is accurate, the Pegula’s share of the stadium costs are almost 700mil. They can either take out loans or bring on investors to pay for that. They chose investors and keeping the team debt free. I can’t think of why they would deplete their cash reserves to pay for a project like this.
Lets be honest, Your initial posts made it pretty clear it never even occurred to you that they were doing this to pay for the stadium. You went right to your little conspiracy that the Pegula’s are strapped for cash. All their businesses are failing, blah blah blah.
Carolina wins in spite of Tom Dundon not because of him lol. The second Carolina stops winning they will have major problems with him as the owner.We need a Tom Dundon more than anything.
They were literally one of the deadest franchises in the league under Peter The Pig and now they are one of the strongest.Carolina wins in spite of Tom Dundon not because of him lol. The second Carolina stops winning they will have major problems with him as the owner.
We need someone who will write the checks and go away.
It's wild to think how much hope I had for this franchise after his first speech. Fans don't make good owners, I suppose. Remember the momentum the team had after he took over? Pretty sure they were out of a playoff spot that year, then rallied to one. They had hope, then it just turned to shit.Still applies.
No, we need a Bill Foley.We need a Tom Dundon more than anything.
Love me some Bond King.Someone give Chris Sacca and Jeff Gundlach a call.
Just to clarify, the Pegulas, who put a literal clause into their negotiations to keep the team in Buffalo, are the bad guy?
Our owners are stupid. Our owners are out of touch atm. But I do not think we should just banish them if we want to keep an NHL team in Buffalo.
Pegula DOES spend money on this roster. He has tried multiple times to rectify this situation and failed more often than not,,but he has tried.
I really think at this point that it's just a organizational stink that isn't going to be resolved until the team moves.
Just let these guys get a fresh start. It is simply not happening here under the specter of this drought.
Wang was a literal batshit crazy lunatic whose insanity was legendary and was stuck in a horribly outdated money pit of an arena with the worst lease in the history of pro sports and was still a million times more successful than Pegula as an owner (and unlike the bullshit claims about Terry saving the Sabres Wang literally saved the Isles).I look at the Huizinga and then Cohen owned Panthers or the Koules owned Lightning and see bumbling idiocy that the next owner overcame and in short order. Same with getting Wang out with the Isles. It's possible. It isn't about money spent it's the constant, constant lack of actual experienced hockey people to make the GM hiring decisions and then the near complete lack of quality hockey minds around the team. It's the owners and it is fixable.
Just to clarify, the Pegulas, who put a literal clause into their negotiations to keep the team in Buffalo, are the bad guy?
Our owners are stupid. Our owners are out of touch atm. But I do not think we should just banish them if we want to keep an NHL team in Buffalo.
Pegula DOES spend money on this roster. He has tried multiple times to rectify this situation and failed more often than not,,but he has tried.
I really think at this point that it's just a organizational stink that isn't going to be resolved until the team moves.
Just let these guys get a fresh start. It is simply not happening here under the specter of this drought.
And Rex Ryan.Seems like he gets always fooled by people with good rhetorics who have zero substance like Krueger or Adams
Seems like he gets always fooled by people with good rhetorics who have zero substance like Krueger or Adams
As someone who's a Sabres fan and not a big NFL fan, I wish he never bought the Bills. Ever since as you said, they have been the focus. It's hurt the Sabres big time.Terry Pegula is 73.
He bought the Sabres when he was 60.
He has zero experience in sports and started a large company and was able to build enough to be worth 4.7B.
My guess is he found the most success with loyalty and people who were able to make him feel involved. Based on his hires, I think he has strived to find collaborative partners rather than the typical managers.
It's why Beane has been successful (he's been able to earn Terry/Kims trust while making them feel involved in the process)
The people he's complained about are people who want control. Tim Murray specifically (he stated in his exit press conference he would never cede that much control again)
Most of the people that have experience will want autonomy that he doesn't appear to be willing to give. The Adams hire very much felt like he was giving his opinion on the value of experience at the NHL manager level, which is that anyone could do it.
I think the big issue is that after Botterill refused to be the ax man during the pandemic, Krueger convinced him that they (Krueger and Terry) could do it together. Adams was brought in because he'd do what he was told. After it crashed and burned, I think the Pegulas felt so dismayed by it (followed by their franchise player telling them he wanted out), they let Adams just run with it. Combine that with the Bills taking off to contender status, their daughter becoming a tennis pro, and then Kim's health issues, the Sabres became the forgotten step child. Spending was cut to the bare minimum. Adams bumbled along with no real guidance or assistance other than a budget mandate.
From an outsiders perspective, it appears the Pegulas simply don't have the bandwidth to run two professional franchises and a professional tennis career in the family style small business they want to. They either need to find a seasoned executive for the Sabres and become a silent partner and focus on their other interests or outright sell to someone with the bandwidth needed to run a pro sports team.
I can only imagine how toxic it is about to become between the organization and the fans. The fans will be scolded if the booing starts….and all we want is some competitive hockey. Like a legitimate chance to make the playoffs in mid to late March. I don’t think that’s asking too much after the last 13 years of watching and supporting this team.