Terry Pegula needs to sell the Buffalo Sabres (article)

[jad1]

13 minutes ago, Sidc3000 said:

I think it’s funny that you both think evaluations and net worth means that Terry just money laying around. a large amount of his money is tied up in both franchises along with other investments. 
 

Right, he's the poorest multi-billionaire on the planet.

When Terry bought the Bills, his net-worth was around $4B.  He bought the Bills for $1.4B cash.

So back then his liquidity was at least roughly 1/4 of his net worth.  What would change that now to a point where he's so cash poor that he needs to negatively impact the Sabres chance to win by cutting costs?

 

Edited 12 hours ago by jad1

[Slack_in_MA]

7 hours ago, mjd1001 said:

It shouldn't be. But, there are probably some people that are a lot happer with $10 billion than they are with $9.5 billion. It may not be the 'level' of wealth he has, but the 'direction' of it, or even the speed it is going in that direction.

So, I don't want to say its the money or it isn't...instead, to me one quote is even more important and probably more relevant: 

"You do love this team; your words about that and your passion for its history are true. You want to be involved with everything out of love… and your ego. YOU want to be the answer. YOU want to know best. YOU want to prove it. The problem is you can’t, and you refuse to move over." 

I think Pegula is both very sensative and has an ego. The kind of ego that is a little tiny bit on the vindictive side.  "You do me wrong...I'll exercise my power over you." Or "You criticize me? I'll prove you wrong by doing what I have been doing MY WAY until it works out" (basically, digging his heels in to not admit defeat)

Just my impression of him.

 

I agree. I think TP is determined to prove himself a maverick and prove everybody wrong that he did it Myyyyyyyyyy Waaaaayyyyyyyy!

Edited 9 hours ago by Slack_in_MA

[Carmel Corn]

1 hour ago, jad1 said:

He fired a GM who was a failure, whether he was listening to him or not. The fact that he and Kim  gave Botts a vote of confidence a week before the firing but decided to axe him after conducting end of year reviews shows that he wasn't as wired into day-to-day activities as many claim he was.  

Daily calls? This why I try to get a definition on meddling, because an owner having a daily call with the GM really doesn't meet the definition of meddling, nor does it imply an ego.

 

 

IMHO - having a daily call with the team owner is EXACTLY indicative of a meddlesome boss.  

[K-9]

34 minutes ago, Sidc3000 said:

I think it’s funny that you both think evaluations and net worth means that Terry just money laying around. a large amount of his money is tied up in both franchises along with other investments. 
 

No, I don’t think evaluations and net worth means Terry just has money lying around. I just disagree with your assertion that he needs every penny he has for his “primary franchise” when he’s never come close to that at all. 

[Crusader1969]

52 minutes ago, jad1 said:

Right, he's the poorest multi-billionaire on the planet.

When Terry bought the Bills, his net-worth was around $4B.  He bought the Bills for $1.4B cash.

So back then his liquidity was at least roughly 1/4 of his net worth.  What would change that now to a point where he's so cash poor that he needs to negatively impact the Sabres chance to win by cutting costs?

 

hey I have an idea who say Poor Terry is cash poor.   Sell the Sabres.  That will help the cash flow!!!

[jad1]

5 minutes ago, Crusader1969 said:

hey I have an idea who say Poor Terry is cash poor.   Sell the Sabres.  That will help the cash flow!!!

Unfortunately, Pegula doesn't have a cash flow problem. 

[Sidc3000]

57 minutes ago, K-9 said:

No, I don’t think evaluations and net worth means Terry just has money lying around. I just disagree with your assertion that he needs every penny he has for his “primary franchise” when he’s never come close to that at all. 

Poor choice of words. He cut costs with the Sabres to maximize his income to help fund the new stadium 

[LGR4GM]

10 hours ago, Sidc3000 said:

Poor choice of words. He cut costs with the Sabres to maximize his income to help fund the new stadium 

He just got 1 billion dollars by selling a portion of the Bills. He doesn't need money. 

Edited 3 minutes ago by LGR4GM
Spelling

[Brawndo]

5 hours ago, Pimlach said:

The temperature is getting higher here than it should. 

 I’m not buying that he “needs” to sell them.  I would say to just what the Knox’s did.  Hire the best people you can get, look for winning NHL pedigree at the highest levels of the organization like POHO and GM.    What flows down from them will be good. Step away and let them do their job.  Provide resources and help establish a winning and first class culture. 
 

 

 

The irony is Terry introduced himself to Scotty Bowman at the 2011 Bowman Showcase, he asked Bowman what made Mike Ilitch such a successful owner. Bowman replied the first time he met with Mike Ilitch, Illitch told him, I know how to be successful at selling pizzas, I do not know how to build a hockey team, you tell me what you need each season I will make sure you have it and stay out of the way.  Pegula would be wise to do the same with his hockey team