February 1, 2011

Sabres Sale to Pegula Official


On Tuesday, the Sabres sale to Terry Pegula was made official according to WGR550. The agreement was completed around 1pm today.

The NHL still has to review the terms of the sale and it could take weeks before they approve it.

The announced sale will take place on Thursday. However, Terry Pegula (New Sabres Owner) will not be attendance. Tom Golisano and Larry Quinn will be there though.

Ironically, other Sabres news came out recently that the Sabres GM Darcy Regier signed a 1-year contract extension last fall.

This comes as news since many people questioned his job security for after this season.

Other news also came out that Lindy Ruff declined a contract extension from the Sabres. There are rumors that he may want to become a GM instead of coaching (just a rumor at the moment).

I honestly don't care if he becomes a GM as long as he stays as the coach of the Sabres. I have enough faith in Ruff to give him both positions.

This does however create the possibility that Ruff may leave after the season.

So there you have it. A lot of strange things are going around the Sabres organization right now.

These moves and changes that are occurring now will definitely have a major impact on the direction of the Sabres in the future.

More updates will come out as the story develops.

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