matter2003 Posted February 4, 2011 Report Posted February 4, 2011 Several sources have said Pegula's motivation in buying the Sabres is not to try and win a Stanley Cup, but to win Stanley Cups...not, 1 cup, CUPS!! As in, doing whatever it takes and whatever it costs to win multiple cups... The Sabres are about to embark on a tremendous journey and am so happy to be along for the ride... As the 2nd richest owner in the NHL, Pegula has all the dollar signs you need to back up that sentiment...
PromoTheRobot Posted February 4, 2011 Report Posted February 4, 2011 So did Tom and Larry. Just sayin'. PTR
nfreeman Posted February 4, 2011 Report Posted February 4, 2011 Did this breathless repetition of unattributed wishful thinking quotes need its own thread?
Stoner Posted February 4, 2011 Report Posted February 4, 2011 Did this breathless repetition of unattributed wishful thinking quotes need its own thread? The poster did. Party-pooper. I would never throw cold water on a story like this.
Stoner Posted February 4, 2011 Report Posted February 4, 2011 So did Tom and Larry. Just sayin'. PTR Well, Larry didn't. And as Ghost had pointed out, Pegula is flush with real cash, liquid gold! I'm still wondering how OSP thinks he has the dough to buy the Bills.
LabattBlue Posted February 4, 2011 Report Posted February 4, 2011 I'm still wondering how OSP thinks he has the dough to buy the Bills. I was just thinking the same thing earlier.
carpandean Posted February 4, 2011 Report Posted February 4, 2011 Well, Larry didn't. And as Ghost had pointed out, Pegula is flush with real cash, liquid gold! I'm still wondering how OSP thinks he has the dough to buy the Bills. Clearly, he wouldn't outright buy the team (franchise value is about half of his net worth and he's not that liquid), but rather would likely provide cash and advice to help a potential ownership team of his liking complete the purchase. He's gonna have $175 million (less taxes) to play with in less than a month.
bills_fan_in_raleigh Posted February 4, 2011 Report Posted February 4, 2011 I want back to back cups in that many cups and be great if on the way to the back to back both times crushed the Canes in 4 games with last 2 in Carolina!!!!
shrader Posted February 4, 2011 Report Posted February 4, 2011 Clearly, he wouldn't outright buy the team (franchise value is about half of his net worth and he's not that liquid), but rather would likely provide cash and advice to help a potential ownership team of his liking complete the purchase. He's gonna have $175 million (less taxes) to play with in less than a month. I know something I read in the past couple days mentioned that he originally wanted to find a couple investors for the Sabres, but later decided to do it on his own so he would have complete control. Obviously with the much higher price tag, he would be putting together a group if he ever did have to go after the Bills.
Sterling Archer Posted February 5, 2011 Report Posted February 5, 2011 Well, Larry didn't. And as Ghost had pointed out, Pegula is flush with real cash, liquid gold! I'm still wondering how OSP thinks he has the dough to buy the Bills. TEXAS T!
Stoner Posted February 5, 2011 Report Posted February 5, 2011 TEXAS T! OK, keep in mind I'm no Ghost. Can you do better? To the tune of the Beverly Hillbillies theme song: "Come and listen to my story 'bout a man named Peg A poor Scrantoneer, to start a business had to beg And then one day he was frackin' at the earth And up through the dirt come a gaseous burp Natural gas, that is -- rock wind, pay dirt! Well the first thing you know Old Peg's a billionaire The kinfolk said, Peg move away from there Said New York State is the place you wanna go So they loaded up the minivan and moved to Buffalo Clarence, that is Swimmin' pools... hockey players The Buffalo Hillbillies!"
Ghost of Dwight Drane Posted February 5, 2011 Report Posted February 5, 2011 After watching Golisano's hopeless runs for governor and his self-stroking presser the other day.....does anyone REALLY believe his statement about the Bills was anything but fluff? Here is a guy who invested $60 million in the Sabres, wanted investment partners, and made his only directive to at least BREAK EVEN! How is he going to handle a franchise that would require 15x the purchase price? Golisano, even though he made money on the Sabres, is worth pretty much the same amount of dough as he was 7 years ago. In order to be the lead partner in the Bills, he would have to come up with 30% of the purchase price. Even if he was to be able to finance that, he still would need 150 million up front. I mean, I'm sure he would be passionate about his team and order the DirecTV NFL package for $200......and would only miss 6 games on TV. Pegula could buy the Sabres and Bills for cash, and still have enough money left over to buy an NHL team a year on his interest earned alone. That's Daddy Warbucks money......and we're Orphan Annie. Every now and then you luck out.
nfreeman Posted February 5, 2011 Report Posted February 5, 2011 After watching Golisano's hopeless runs for governor and his self-stroking presser the other day.....does anyone REALLY believe his statement about the Bills was anything but fluff? Here is a guy who invested $60 million in the Sabres, wanted investment partners, and made his only directive to at least BREAK EVEN! How is he going to handle a franchise that would require 15x the purchase price? Golisano, even though he made money on the Sabres, is worth pretty much the same amount of dough as he was 7 years ago. In order to be the lead partner in the Bills, he would have to come up with 30% of the purchase price. Even if he was to be able to finance that, he still would need 150 million up front. I mean, I'm sure he would be passionate about his team and order the DirecTV NFL package for $200......and would only miss 6 games on TV. Pegula could buy the Sabres and Bills for cash, and still have enough money left over to buy an NHL team a year on his interest earned alone. That's Daddy Warbucks money......and we're Orphan Annie. Every now and then you luck out. While I think you've been far too critical of TG, the bolded part is spot on.
Ghost of Dwight Drane Posted February 5, 2011 Report Posted February 5, 2011 While I think you've been far too critical of TG, the bolded part is spot on. I've only been critical of Golisano given we are wrapping up his body of work and it is a time of reflection. He was well within his rights to buy a team on the cheap and run it as a tight business. Things could have turned out much worse for the Sabres and the city. I just feel that he was involved for political reasons, mainly cash and favors. What I want to see in an owner of a sports franchise is sportsman and risk taking qualities, two things Golisano didn't have. Pegula, just by purchasing a team for the price he is at the time he is, shows some of those qualities right off the bat. He didn't go bottom feeding, he has ties to the community and to the sport itself. These are all great signs. Sure, there is a chance that things will not work out like he envisions, or we envision, but I am certain by his actions that he will give it a real go for the immediate future. He has the pockets to take what is a small risk by investing full bore into the team. An extra $10 million a year put into this team will have it spending to the cap, with a top notch management, scouting department and player facilities and support. If he does that, the returns on the ice should be such that he won't have to worry about gimmicks and special pricing to keep fans in the seats. Just do your best, get the right horses in here, and the people will support you. It's a simple formula. It's always about risk and reward. In my opinion, purchasing an NHL franchise in this economic climate as a whole, under the leadership of current league execs, is not a great investment. What we have in Pegula however is someone who can see there is no price you can put on the reward of a Stanley Cup. When he is on his deathbed, hopefully 40 years from now, is he going to be more proud of the fact that he left his family $5.3 billion instead of $5.25 billion? Or will he be greatful for the fact that he was one of less than 100 people in the history of the world who took a shot, and was able to hold 30 pounds of hardware over his head then celebrate by passing that chalice around, filled with the nectar of the gods, to the few dozen people he identified as worthy to help him build and support a piece of history? And until he sees that day happen, he will envision it. Even if he falls just short of it, he has the confidence and vision in himself to make it happen.....and that shall sustain him until it does happen.....with no regrets. That's a sportsman......that's a risk taker.....that's a believer. Mr. Golisano......Mr. Quinn.......Mr. Regier.........thank you for these past 13 years. Without you, I may not have appreciated winning a championship as much as I soon will.
SwampD Posted February 5, 2011 Report Posted February 5, 2011 OK, keep in mind I'm no Ghost. Can you do better? To the tune of the Beverly Hillbillies theme song: "Come and listen to my story 'bout a man named Peg A poor Scrantoneer, to start a business had to beg And then one day he was frackin' at the earth And up through the dirt come a gaseous burp Natural gas, that is -- rock wind, pay dirt! Well the first thing you know Old Peg's a billionaire The kinfolk said, Peg move away from there Said New York State is the place you wanna go So they loaded up the minivan and moved to Buffalo Clarence, that is Swimmin' pools... hockey players The Buffalo Hillbillies!" That's a very strong effort. :thumbsup:
Stoner Posted February 5, 2011 Report Posted February 5, 2011 That's a very strong effort. :thumbsup: Nah. Wish I had gone with "Shale farts." No good nicknames for natural gas, it seems. And should have ended with The Pennsyltucky Sabres. :)
Ghost of Dwight Drane Posted February 5, 2011 Report Posted February 5, 2011 Nah. Wish I had gone with "Shale farts." No good nicknames for natural gas, it seems. And should have ended with The Pennsyltucky Sabres. :) You can be Jon Lovitz to my Dennis Miller any day!
SwampD Posted February 5, 2011 Report Posted February 5, 2011 Nah. Wish I had gone with "Shale farts." No good nicknames for natural gas, it seems. And should have ended with The Pennsyltucky Sabres. :) Or Sharts. :sick:
nfreeman Posted February 5, 2011 Report Posted February 5, 2011 I've only been critical of Golisano given we are wrapping up his body of work and it is a time of reflection. He was well within his rights to buy a team on the cheap and run it as a tight business. Things could have turned out much worse for the Sabres and the city. I just feel that he was involved for political reasons, mainly cash and favors. What I want to see in an owner of a sports franchise is sportsman and risk taking qualities, two things Golisano didn't have. Pegula, just by purchasing a team for the price he is at the time he is, shows some of those qualities right off the bat. He didn't go bottom feeding, he has ties to the community and to the sport itself. These are all great signs. Sure, there is a chance that things will not work out like he envisions, or we envision, but I am certain by his actions that he will give it a real go for the immediate future. He has the pockets to take what is a small risk by investing full bore into the team. An extra $10 million a year put into this team will have it spending to the cap, with a top notch management, scouting department and player facilities and support. If he does that, the returns on the ice should be such that he won't have to worry about gimmicks and special pricing to keep fans in the seats. Just do your best, get the right horses in here, and the people will support you. It's a simple formula. It's always about risk and reward. In my opinion, purchasing an NHL franchise in this economic climate as a whole, under the leadership of current league execs, is not a great investment. What we have in Pegula however is someone who can see there is no price you can put on the reward of a Stanley Cup. When he is on his deathbed, hopefully 40 years from now, is he going to be more proud of the fact that he left his family $5.3 billion instead of $5.25 billion? Or will he be greatful for the fact that he was one of less than 100 people in the history of the world who took a shot, and was able to hold 30 pounds of hardware over his head then celebrate by passing that chalice around, filled with the nectar of the gods, to the few dozen people he identified as worthy to help him build and support a piece of history? And until he sees that day happen, he will envision it. Even if he falls just short of it, he has the confidence and vision in himself to make it happen.....and that shall sustain him until it does happen.....with no regrets. That's a sportsman......that's a risk taker.....that's a believer. Mr. Golisano......Mr. Quinn.......Mr. Regier.........thank you for these past 13 years. Without you, I may not have appreciated winning a championship as much as I soon will. I don't disagree with anything you've said about TP, and I obviously hope you're right. Of course, there's no way of knowing whether we're getting another Mike Ilitch or another Dan Snyder. TP seems like more of a grownup and a solid guy than Snyder, but we won't know for a while yet. As for TG, I think he was recruited into a situation in which he had no natural interest and that he agreed to do it as a community service, but on the condition that it not turn into a money pit. I also think when LQ recruited him, one of LQ's selling points was that LQ could work the system to reduce the purchase price (by getting the debt forgiveness) and thus reduce the risk and increase the upside. I don't see anything wrong with TG taking that deal. You've said that this deal was only available to TG. I disagree -- I think since the team was in bankruptcy, debt forgiveness was going to be part of the picture for any buyer, and that any buyer would have found an LQ type to work the system to achieve what TG did. I think Hamister's bid didn't fall apart because he couldn't get the deal that TG ended up getting. It fell apart because Hamister couldn't put together $65MM in cash to buy the team, like TG could and did (and no one else did). In any case, I think it's time to move on. I think there is a good likelihood that the Sabres and their fans just lucked into a great situation. In the meantime, I think the Sabres can make a run, get into the playoffs this year and make the next 6 months or so a highly exciting time to be a Sabres fan.
LabattBlue Posted February 5, 2011 Report Posted February 5, 2011 OK, keep in mind I'm no Ghost. Can you do better? To the tune of the Beverly Hillbillies theme song: "Come and listen to my story 'bout a man named Peg A poor Scrantoneer, to start a business had to beg And then one day he was frackin' at the earth And up through the dirt come a gaseous burp Natural gas, that is -- rock wind, pay dirt! Well the first thing you know Old Peg's a billionaire The kinfolk said, Peg move away from there Said New York State is the place you wanna go So they loaded up the minivan and moved to Buffalo Clarence, that is Swimmin' pools... hockey players The Buffalo Hillbillies!" Very nice! :thumbsup:
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