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Terrence Pegula

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Terry Pegula
Born March 27 1951 (1951-03-27) (age 65)[1]
Carbondale, Pennsylvania
Nationality Flag of the United States American
Other names Terrence M. Pegula
Known for Owner, Buffalo Sabres (NHL)
Owner, Rochester Americans (AHL)
Natural gas tycoon

Terrence M. "Terry" Pegula (born March 27, 1951) is an American businessman. Pegula founded East Resources, a natural gas drilling company, before selling the company to Royal Dutch Shell for approximately $4.7 billion.

Since his cashout, he has been known for his contributions to ice hockey; having donated $88 million for the construction of the Pegula Ice Arena on the campus of Penn State University. On February 18, 2011, he bought the NHL's Buffalo Sabres (along with the Buffalo Bandits indoor Lacrosse franchise) from previous owners Tom Golisano, Larry Quinn, and Dan DiPofi for $189 million.[2] Pegula's purchase made an immediate positive impact, with players,[3] fans and alumni[4] invigorated by his investment in the team. Pegula was quoted as saying, "Starting today, the Buffalo Sabres reason for existence, will be to win a Stanley Cup." [5] In May 2011, Pegula began negotiations on behalf of the Sabres to repurchase the Rochester Americans, which had served as the Sabres' American Hockey League affiliate from 1979 to 2008 (and had been owned by the Sabres from 1979 to 1996); the deal was completed in late June of 2011.[6] Pegula also owns a share of Black River Music Group, an independent country music label that includes among its artists Craig Morgan and Sarah Darling.

Pegula lives in Boca Raton, Florida along with his wife, Kim Pegula.[7] They have five children: Michael, Laura, Jessica (Jessie), Kelly and Matthew. Jessica Pegula is a tennis player on the United States Tennis Association's Pro Circuit.[8]

ReferencesEdit

  1. [1]
  2. Sabres sold to Pegula. WGR. Retrieved 2011-02-03.
  3. Vaughters, Al (2011-04-10). Playoff run gives boost to WNY area. WIVB-TV. Retrieved 2011-04-10.
  4. Malowicki, Jessica (2011-02-24). Pegula era kicks off with surprise. WGRZ. Retrieved 2011-02-24.
  5. [2]. ESPN. Retrieved 2011-04-18.
  6. Wawrow, John (2011-05-17). AP Source: Sabres interested in AHL Rochester. Associated Press. Retrieved 2011-05-17.
  7. Golisano's Goodbye & Pegula's Prospects. WBEN. Retrieved 2011-02-03.
  8. Pegula reaches USTA quarterfinals. The Buffalo News. Retrieved 2011-05-27.

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