Today Buffalo sports fans rejoiced in an explosion of Twitter and Facebook posts, after learning that Terrence Pegula finally put ink to paper today to purchase the Sabres.
Pegula has a lot to hoot about too. In 2010, he sold his East Resources natural gas drilling company to Royal Dutch Shell for $4.7 billion. He had started the company way back in 1983, using a paltry $7,500 dollars loaned to him by friends and family. Quite a turn of fortune – and he still has more than 350,000 acres of shale land in Pennsylvania’s Appalachian Basin, where much of that drilling takes place.
It seems Buffalonians can finally stop wondering what will happen with that old Aud site. Drill, baby, drill!
As for the gentlemen addressed in the title of this post, well, it’s time to put on your thinking caps. Terry is married to Kim Pegula, who grew up in Fairport and attended Houghton College. The couple even lived in Orchard Park and Olean for a short time. She’s an avid hockey fan. So what does a guy do with a billions of dollars windfall? How about buy your wife an NHL franchise, in her hometown.
But all conjecture and snark aside, there is a real sense of thrilling change in Buffalo. Fans who have been hearing Lindy Ruff and Darcy Regier insist that they are working towards a Stanley Cup can actually start believing that again. And that is a major windfall for everyone.
There’s a lot of future to think about. But for now, it’s time to celebrate. January 31st – mark it down on your calendar, Sabres fans, as Terrence Pegula Day.
One day closer to the Cup – for real, this time.