ORCHARD PARK, N.Y. (AP) – The estate of late Buffalo Bills owner Ralph Wilson has reached “a definitive agreement” to sell the franchise to Buffalo Sabres owners Terry and Kim Pegula.
The announcement was made Tuesday afternoon in a four paragraph news release issued by the team. The deal was reached a day after the Pegulas were one of three groups to submit their formal bids.
The sale is subject to being approved by a three-quarters majority of the NFL’s 31 owners, which is expected to come at league meetings on Oct. 8. Though the sale price was not revealed, the Bills said the Pegulas will be the sole owners.
Wilson’s widow, Mary Wilson, credited the Pegulas for their commitment to keeping the franchise in western New York and carrying on her husband’s legacy.
