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Sabres owner Pegula agrees to buy NFL's Bills

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Buffalo Sabres owner Terry Pegula has reached an agreement to buy the Buffalo Bills of the NFL.

"Kim (his wife) and I are humbled and honored that the Wilson family has chosen us to be the second owner of the Buffalo Bills," Pegula said in a statement Tuesday. "Pending the NFL approval process, being the next owner of the Buffalo Bills would be a great privilege for our family. Ralph Wilson left an indelible mark on our community and we will strive every day to honor his legacy.

"Our interest in owning the Bills has everything to do with the people of Western New York and our passion for football. We have knowledgeable, dedicated fans here, and along with our ownership of the Buffalo Sabres, it is gratifying to reassure these great fans that two franchises so important to our region are both here to stay."

Ralph Wilson passed away March 25. He was the founder and sole owner of the Bills since the inception of the AFL in 1960.

"Ralph would have been pleased with the sale of the team to the Terry Pegula family, who has been so committed to Buffalo and the Western New York region," Bills controlling owner Mary Wilson said in a statement. "I sincerely wish Terry and Kim Pegula all the best with the Buffalo Bills and I'm happy for all Bills fans."

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