Report: Terry Pegula reaches tentative Deal to buy the Buffalo Bills

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Terry Pegula Hope - The Herd Report.jpg

Report:

The Buffalo News is reporting that the trust of Ralph Wilson and the Pegula's have reached a tentative agreement to buy the Buffalo Bills. 

Official offers for the Bills were due yesterday at 5pm. Sources expect an official announcement sometime today regarding the sale of the Buffalo Bills. 

Estimates put the Pegulas bid for the Buffalo bills over $1.1 Billion. 

Next steps for the sale would be as follows before the sale can be complete: 

  • NFL financial committee must approve the deal.
  • 3/4 of the NFL's 24 Owners must approve the deal.