Now that Buffalo Sabres owner Terry Pegula dissolved Pegula Sports & Entertainment, where does the Blue and Gold go from here?
Pegula Sports & Entertainment (PSE) is no more, something you probably heard by now. Buffalo Sabres owner Terry Pegula’s move now allows the Blue and Gold to operate independently of their friends in Orchard Park, the Buffalo Bills. So what does this mean for the Sabres, and what can we expect in 2023-24 and beyond?
Look for more stability on the business side of operations, something PSE never seemed to achieve with so many employees doing work for both franchises on the business side of operations. But I won’t get into detail regarding this – there are plenty of sources out there already covering it, and it’s rather dry information.
The burning question, however, will be out there for quite some time as a result of these changes: Will Terry Pegula end up selling the Blue and Gold? Regardless of which source you read (I’ve linked one from Buffalo News below), you probably already seen someone at least run by the topic.
Don’t expect Terry Pegula to sell the Buffalo Sabres in the foreseeable future
If that were the case, then I’m certain Mr. Pegula wouldn’t be investing in upgrades to KeyBank Center. That wouldn’t be a sound business practice for someone looking to sell, and the following quote all but confirms this:
"“But in a recent conversation with The News, Roth revealed that the Sabres are going ahead with some needed improvements around the arena – most the team will pay for on its own.” – Michael Petro, via Buffalo News."
Next season (2024-25), you will see a new scoreboard hanging from the rafters, and a new roof is also in the works. And these are just a couple of many renovations you can expect as the 2020s wear on. So therefore, I’m answering the burning question for you: No, Mr. Pegula isn’t selling the Buffalo Sabres, at least not anytime soon.
And honestly, this shouldn’t be an issue – arena upgrades are coming and a better product should be on the ice for a long time. Let’s wait and see how these upgrades play out both on the business side of operations and the hockey side, and go from there. But for the time being, just sit back and enjoy the 2023-24 season.