BUFFALO, N.Y. (WIVB) - Speculation has been running wild over the possibility the Pennsylvania billionaire Terrence Pegula could buy the Buffalo Sabres, and according to TheHockeyNews.com, the deal is happening.
The Hockey News is now reporting that a source close to the dealings said the announcement of the sale will come in late December or early January. Though The Hockey news says the purchase price of $150 million may be a little off the mark, it is definitely in the ballpark area of the amount the Sabres will be sold for.
The Hockey News also reports that NHL Commissioner Gary Bettman is expected to introduce Pegula to the other owners at the December 6-7 Board of Governors meetings in Palm Beach, Florida.
We'll have more on this story on News 4 at 10 and 11.
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