Natural-Gas Billionaire Pegula Purchases NHL’s Buffalo Sabres
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Billionaire Terry Pegula bought the National Hockey League’s Buffalo Sabres, the second major investment in the sport by the natural-gas magnate in four months.
Pegula purchased the team from former New York gubernatorial candidate Tom Golisano and minority owners Larry Quinn and Dan DiPofi, the Sabres said in a statement. Financial terms weren’t disclosed by the team or the NHL.