Buffalo Sabres Reported Sale for $150 Million 'Not True'

by FanHouse Staff

Filed under: Sabres, NHL Economics, Sports Business and Media

Buffalo Sabres managing partner Larry Quinn said reports that the franchise is on the verge of changing hands were untrue.

"Reports regarding the sale of the Buffalo Sabres tend to surface from time to time," Quinn, also a minority owner of the team, said in a statement on Tuesday. "There have been several inquiries in the past few years regarding this subject. Our company policy is we do not comment on them because people make inquiries all the time. Some of these inquiries are serious, some are not, some make the media and others do not. The report that a $150 million letter of intent has been signed is simply not true."

The Hockey News reported Tuesday that Terrence Pegula, a natural gas and oil magnate from Pennsylvania, had signed a letter of intent to the purchase the Sabres for that sum. Pegula's interest in the Sabres was first reported by The Buffalo News.

 

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Source: http://nhl.fanhouse.com/2010/11/30/buffalo-sabres-reported-sale-for-150-million-not-true/

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