Buffalo Bills owners Terry and Kim Pegula took part in the Business First power breakfast panel on the “Business of Sports” Thursday at Buffalo River Works. They were joined on the panel by Delaware North chairman and Boston Bruins owner Jeremy Jacobs, Buffalo Bisons owners Bob and Mindy Rich and NHL Commissioner Gary Bettman.
When Mr. Pegula was introduced to the crowd he was called “the closest thing we have to a super hero in this community.” The panel discussed some of the challenges they face, how the sports business is different than other businesses they own and why they got into sports. “It was an easy decision,” said Kim Pegula. “We plan on having the teams for a long time.”
“Our mission, I believe, is to help foster and improve the quality of life here through these sports teams.” Terry Pegula said.
He was also asked about a new stadium. “We’re in no hurry. We’ve realized if that work was just done how foolish would you look if you started looking around at a new stadium if we just renovated the one we have. We have time. We have an existing lease in the current stadium.”
Regarding the question of naming rights, Pegula added “Ralph Wilson owned the Bills for so long and his name on the stadium to me is a special thing. “
With the stability of Pegula ownership of the Bills and Sabres, and long-time Rich ownership of the Buffalo Bisons, Bob Rich said “Buffalo has never been in better shape as far as professional sports are concerned.”
Tags: Kim Pegula, Terry Pegula
Posted in Corporate, Inside the Bills, Off the Field