Ken Campbell of The Hockey News reported this morning that Terry Pegula had signed a letter of intent to purchase the Buffalo Sabres from Tom Golisaro for about $150 million. Sabres minority owner Larry Quinn quickly denounced that report, but Campbell backed up his reporting late Tuesday.
Despite Sabres Denial, Reporter Backs Up Claim That Pegula Will Purchase Team
Does it mean he will definitely buy the team? No, he has simply signed an intention to purchase, which means he still has an out, but the team cannot be sold to anyone else.
A source with knowledge of the dealings told THN.com the announcement of the Sabres sale is expected sometime in late December or early January. The fact the Sabres are downplaying the report has to do with semantics. In fact, the source also said NHL commissioner Gary Bettman is expected to introduce Pegula to the owners at the Dec. 6-7 board of governors meetings in Palm Beach, Fla.
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