Are the Sabres for sale?

BUFFALO, N.Y. (WIVB) - There is widespread speculation that there is a potential buyer for the Buffalo Sabres.

The Boston Globe suggests a 'for sale' sign may be up for the Sabres.

The Globe suggests Jim Balsillie as a potential buyer, but says the "key name to keep in mind" is Terry Pegula.

The Buffalo News reports, Terrence Pegula's name has been floating around as a potential buyer. According to the report, Pegula's wife is from western New York and he is a big Sabres fan.

According to the Buffalo News, Pegula has become a multibillionaire as founder of East Resources Inc. in Pennsylvania. He is familiar with western New York, because he spent several years living in both Orchard Park and Olean.

The Inquisitr also reports on the speculation. The Inquisitr mentions Jim Balsillie's name, but also points to Terry Pegula.

Pegula has an apparent interest in hockey, after reportedly giving Penn State $88 million to build a rink and fund scholarships for hockey.

Current Sabres owner Tom Golisano has not confirmed that the team is for sale.