News-Sports Update for Wed., Sept. 17, 2014

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News-Sports Update for Wed., Sept. 17, 2014

Posted More Than Ten Years Ago by Terry Frank

NFL committee approves Bills sale to Pagulas; full NFL owners vote still pending...

Buffalo Sabres owners Terry and Kim's Pegula's bid to buy the Buffalo Bills for an NFL-record $1.4 billion was unanimously approved by the league's finance committee. The vote conducted today clears the way for NFL owners to formally approve the sale at league meetings next month. The Pegulas will require three-quarters majority approval from the 32 owners... including the trust overseeing late Bills owner Ralph Wilson's estate. NFL executive vice president Eric Grubman provided the update shortly after the Pegulas' bid was approved at the meeting in New York. Terry Pegula made a brief statement confirming the committee's approval, but declined to go into detail. Pegula is remaining cautious by saying he and his wife aren't Bills owners until getting full league approval.

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