Billionaire Terry Pegula. Image courtesy of buffalophotographer7/ Youtube.

Oil billionaire Terry Pegula and his wife Kim were unanimously approved to be the new official owners of the NFL Buffalo Bills Wednesday.

The Pegula’s paid a record $1.4 billion for the Bills.

“I got a hell of a deal,” Terry Pegula said.

The Pegulas outbid Donald Trump for the team.

They already own the Buffalo Sabres, a NHL team.

The Pegulas said they will keep the team in western New York, a key factor in the approval decision.

Terry Pegula was chief of East Resources and is worth about $3.3 billion, according to Forbes.

In 2010, he sold most of East Resource’s assets to Shell for $4.7 billion.

In August, East Resources sold drilling rights on 75,000 acres in Ohio and West Virginia to Oklahoma-based American Energy for $1.75 billion.

Pegula said he still owns oil and gas assets in Colorado, Wyoming, New York, West Virginia and Pennsylvania.


Leave a Reply