Bills ownership shake-up continues with dissolution of parent company On Thursday, Buffalo Bills owner Terry
Pegula dissolved Pegula Sports and Entertainment, the parent company that oversees both the Bills and Buffalo Sabers NHL In July, the Buffalo Bills underwent a major shakeup in the front office when they abruptly parted ways with president and COO Ron Raccuia, with owner Terry Pegula assuming the role of president.
Then on Monday, the Bills shakeup continued with another big move in the front office.
However, this has more to do with the Buffalo Sabres, the Bills’ NHL counterpart that Pegula also owns.
Pegula officially named himself president of the Sabers on Monday, just as he did with the Bills last month.
In doing so, it dissolved Pegula Sports and Entertainment, the parent company that oversaw both brands.
With this move, the Bills and Sabers will now operate as completely separate entities after previously sharing business and marketing departments.
“We are grateful for the work and effort that so many people have put into EPS over the years, but we believe that now is the right time for them to return,” Pegula said in a press release.
house and separate the organizations”.
“We believe now is the right time to disband PSE and allow everyone to focus solely on their respective organizations.
This is the perfect time to be a Buffalo sports fan and we are extremely confident that this restructuring will enable our businesses to continue to grow alongside our team.
” Pegula and his wife Kim Pegula, with whom he co-owns both teams, founded PSE in 2011 after purchasing the Sabres.
They then purchased the Bills in 2014 after the death of Ralph Wilson and were instrumental in keeping both teams in Buffalo.
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