The Buffalo Sabres are a professional NHL (National Hockey League) ice hockey team based in Buffalo, New York. They compete in the Eastern Conference and play their home games at the KeyBank Center.
Founded in 1970, the Sabres have become one of Buffalo’s most iconic sports teams. As of 2024, the team is owned by Terry Pegula, who took control of the franchise in 2011.
Ownership Status of the Buffalo Sabres
There is no single public owner of the Buffalo Sabres. The team is privately owned, and the full controlling interest belongs to Terry Pegula (with his wife, Kim Pegula, listed as co-owner).
Major Shareholder
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| Terry Pegula & Kim Pegula | 100% (Private Ownership) | Purchased the team for around $189 million in 2011 |
About The Owner Terry Pegula
Terry Pegula is an American billionaire businessman known for his success in the oil and natural gas industry. His company, East Resources, made him one of the wealthiest individuals in sports ownership.
Pegula is known for being deeply passionate about the Buffalo community. He also owns the Buffalo Bills (NFL), making him one of the few individuals to own both an NHL and NFL franchise in the same city. His leadership style centers around rebuilding, community investment, and long-term growth.
Terry Pegula Net Worth
As of 2024, Terry Pegula’s net worth is estimated to be around $6.7 billion (according to Forbes and various business sources).
Most of his wealth comes from:
- Oil & Gas ventures (East Resources)
- Real Estate investments
- Sports ownership (Bills + Sabres)
- Energy projects
Pegula has invested heavily into Buffalo’s sports infrastructure, including arena upgrades, training facilities, and community development.
Team Players (Current Highlights)
The Buffalo Sabres feature a mix of young talent and rising stars. Some key players include:
- Rasmus Dahlin – Star defenseman and former No. 1 overall pick
- Tage Thompson – One of the top goal scorers on the roster
- Dylan Cozens – Young forward with strong two-way ability
- Owen Power – Another No. 1 overall pick, a major defensive asset
- Alex Tuch – Veteran forward known for speed, leadership, and scoring
The Sabres are considered a developing team with a strong young core that could shape their future competitiveness.
Key Shareholder Highlights
- Terry Pegula is known for his strong commitment to revitalizing Buffalo’s sports culture through ownership of the Sabres and the Bills.
- He dissolved Pegula Sports and Entertainment (PSE) in 2023, giving the Sabres a more direct operational structure under his leadership.
- Pegula is also known for major investments in facilities, coaching staff, and long-term rebuild strategies.
Recent Developments in Ownership
- In 2023, Terry Pegula dissolved PSE, restructuring the Sabres for more focused management.
- Analysts have noted increased pressure on the franchise to return to playoff contention, leading to several strategic changes.
FAQs
1. Who is the current owner of the Buffalo Sabres?
The Sabres are owned by Terry Pegula and Kim Pegula, who purchased the franchise in 2011.
2. Is the team publicly traded?
No, the Sabres are privately owned.
3. How much did Pegula pay for the team?
He bought the Sabres for around $189 million.
4. Has the ownership changed recently?
Ownership stayed the same, but Pegula restructured management in 2023 after dissolving PSE.
5. How much did the purchase cost when Pegula bought the team?
Terry Pegula purchased the Hockey Western New York LLC holding company (which included the Sabres) in February 2011 for approximately US $189 million.
The Buffalo Sabres are firmly in the ownership of Terry Pegula (with Kim Pegula), who has held the franchise since 2011. While privately held and under stable ownership, the team continues to face significant operational and competitive challenges — and recent restructurings suggest increased focus on correcting course.
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