News Article: Forbes lists Pegula as 8th richest owner in American sports

[Paxon]

While it's nice to think that Pegula purchased the Bills out of love for Buffalo and football .... the NFL is his new "gas well" that he's drilling ..

http://www.cbssports.com/nfl/eye-on...deal-reportedly-worth-12-billion-over-8-years

And you think that didn't factor into the sale price? Dude just spent $1.4b on the Bills. He's not going to see a profit from that for a long time.

 

[Beerz]

And you think that didn't factor into the sale price? Dude just spent $1.4b on the Bills. He's not going to see a profit from that for a long time.

In cash on hand?..Yeah.. it'll take awhile.

But between the money he makes yearly and the continued rise of NFL franchises he'll be on the good side in under 5 or so years

 

[Shoey]

I would predict Pegula eventually makes all $1.4b back because it's the NFL and it's pretty obvious his intention is for the Pegula family to own the team forever.

Either way, I don't think he cares... this is a guy fulfilling his lifelong dreams.

 

[TehDoak]

And you think that didn't factor into the sale price? Dude just spent $1.4b on the Bills. He's not going to see a profit from that for a long time.

Yeah as an investment NFL teams aren't great.

Last year the bills made 80 million?

Considering he's likely going to have to drop at least the half the cost of a new stadium in the next 10 years (figure at least 500-700 million). If you figure 80 million profit a year, that is going to get ate up immediately by new stadium costs.

If you invested that 1.4 billion in a simple investment account and could get 10% ROI yearly, it'd crush owning a NFL team in terms of $. If a NFL team was a pure profit machine, the bills would have been bid on by banks, investment houses, etc.

Pegula's purchase of the Bills is an extension of his want to make Buffalo a big sports town again. He wants championships, he wants parades, he wants everything to happen that Buffalo sports fans have never got to see over the last 40 years. He's basically every fans wet dream to have as an owner. He's a fan whose ties to the teams goes back to his childhood. He wants to win more than he wants money. Very few franchises in the world have owners like that. Buffalo fans are lucky that he's here.

 

[joshjull]

It's kind of amazing that if you told someone 10 years ago that there was some super rich dude out there who was going to come out of nowhere and buy both teams and try to rebuild downtown all on his own, you'd probably be in a home somewhere.

Very true