Buffalo Sabres Owner

The Buffalo Sabres are an NHL team home to Buffalo, New York. They compete in the NHL as a part of the Atlantic Division of the Eastern Conference. The team was established in 1970 as an expansion team of the league along with the Vancouver Canucks. They host their home games at the KeyBank Center.

As of October 2024, the Sabres have not won any Stanley Cup championships. However, they reached the playoff finals twice in 1975 and 1999. The Sabres have captured three Conference Championships and six Divisional Championship titles. They hold the unfortunate distinction of being the longest-active team in the NHL with a playoff drought, missing 13 straight playoff seasons. Terry Pegula has been the owner of the Sabres since 2011. Other key members are general manager Kevyn Adams and head coach Lindy Ruff.

Who is the owner of the Buffalo Sabres?

The Buffalo Sabres is owned by an American billionaire businessman Terry Pegula. He was born on March 27, 1951, and made his fortune through investments in the natural gas industry. His net worth is more than $7 billion as per Wikipedia. Pegula purchased the Buffalo Sabres in 2011 for $189 million as per Wikipedia. In 2014, he and his wife acquired the NFL team Buffalo Bills for $1.4 billion. He has been committed to keeping the teams in Buffalo. Pegula also owns the Buffalo Bandits and the Rochester Americans, and he briefly owned the Buffalo Beauts of the National Women's Hockey League. In 2018, he purchased the rights to the Rochester Knighthawks.

Besides his businesses, Pegula is also involved in philanthropy. He has donated significantly to institutions such as Penn State, where his $102 million donation led to the construction of the Pegula Ice Arena. He also contributed $12 million to Houghton College to build the Kerr-Pegula Athletic Complex. Additionally, he has invested his wealth in real estate.

What is the value of the Buffalo Sabres?

The Buffalo Sabres were valued at $750 million in December 2023 as per Forbes. Terry Pegula acquired the team in 2011 for $189 million. The team generated a revenue of $159 million in the 2022-23 season. They spent around $73 million on players' salaries and earned $37 million from gate receipts. Their debt amount is 17% of its overall value. They play their home games at KeyBank Arena with a seating capacity of 19,070 people and an average ticket price of around $55.

The Sabres partnered with FuboTV in 2023, expanding their streaming capabilities into Southern Ontario. They have major sponsorships like Coca-Cola, Tim Horton, Key Corp, and Toyota as per Forbes.