Bills Sale

Pegulas unanimously approved as Bills owners

Oct 8, 2014
WBFO News file photo

NFL owners have unanimously approved the sale of the Buffalo Bills to Terry and Kim Pegula.

WBFO News file photo

The NFL's finance committee has unanimously approved the pending sale of the Buffalo Bills to Terry and Kim Pegula.

File photo

The owners of the Buffalo Sabres have been chosen to be the new owners of the Buffalo Bills. Terry and Kim Pegula have made the winning bid to take ownership of the storied NFL franchise.

The Buffalo Bills and the team's likely incoming owner, Terry Pegula, both issued statements Tuesday afternoon, making their sale agreement official. Donald Trump and Jon Bon Jovi, who both lost out in the bidding process, also issued remarks.

Multiple bids were submitted Monday by prospective owners looking to purchase the Buffalo Bills from the estate of team founder Ralph Wilson.

File photo

The sale of the Buffalo Bills has entered the next phase with prospective ownership groups meeting with team officials to prepare their formal bids. 

A 5pm Tuesday deadline has passed for potential buyers of the Buffalo Bills to submit initial bids.

Potential buyers of the Buffalo Bills now have access to a secure online virtual data room of the financial dealings of the franchise.