Owner Terry Pegula has named himself president of the Buffalo Sabres, it was announced Monday.
Owner Terry Pegula has named himself president of the Buffalo Sabres, it was announced Monday.
The news comes as a part of also announced changes to the business structure of the Sabres and the Buffalo Bills, with Pegula opting to dissolve Pegula Sports and Entertainment, the parent company under which the two sports franchises operated and through which they would share resources.
The Sabres and Bills will now operate as separate entities.
“We are thankful for the work and effort so many individuals have put into PSE over the years, but feel it is the right time for them to return home to separate organizations,” Pegula said in a statement. “We feel that now is the right time to dissolve PSE and allow everyone to focus solely on their respective organization.
“It is a great time to be a Buffalo sports fan and we have a tremendous amount of confidence that this restructuring will allow our businesses to continue to elevate with our teams.”
Pegula also became president of the Bills last month. He takes on the role for both franchises from his wife and co-owner, Kim, who continues to recover from cardiac arrest suffered in June 2022. Last month, she made her first public appearance since then when she watched Bills practice at training camp from an SUV.
He will continue to work closely with Sabres chief operating officer John Roth on the business side and general manager Kevyn Adams on the hockey side. Roth was named COO of the Sabres in January of this year and last month added the same role with the Bills along with the title of executive vice president.
The Pegulas purchased the Sabres in 2011 and added the Bills in 2014. Their sports ownership also includes the Rochester Americans, the Sabres’ AHL affiliate, and the Buffalo Bandits and Rochester Knighthawks of the National Lacross League.