The sale process for the NHL Buffalo Sabres is starting to pick up steam. Sources tell News 4 Sports the hockey club will hold a news conference Thursday, to announce that an agreement has been reached for Pennsylvania billionaire Terry Pegula to buy the team.
Pegula appeared before the Executive Committee of the NHL Board of Governors two days ago, to outline his purchase plan. Now it appears the plan is moving forward with an agreement to be announced, followed by approval by the full NHL Board of Governors.
Pegula is not expected to attend Thursday's announcement in Buffalo. It's believed he will remain quiet about his purchase plans, until he formally assumes ownership of the team and is approved by the Governors.
Approval of the Governors does not require a face-to-face meeting of NHL clubs. It's believed they can approve the sale by fax or e-mail, once the owners receive the report from the Executive Committee.
Pegula is reportedly ready to pay $175-million for the Sabres, and assume about $14-million in debt.
Current Sabres owner Tom Golisano is expected to be present for Thursday's news conference in Buffalo.
NYS Attorney General Eric Schneiderman has obtained a court order to prevent a Buffalo woman from ever selling puppies again.
A 24-year-old man being sought after his mother and brother were found dead in their Lehigh Acres, Florida home may be heading to Buffalo.
Around 5 p.m. on Thursday near the corner of Model City Road and Rt. 104, police say 84-year-old Jose Martinez was hit by a car driven by 82-year-old Maura Nolan. Both are residents of Lewiston.
Some lake snow today, though the next system on Saturday will bring a more widespread coating
It appears snowy weather scared off about half the crowd expected at Thursday night's Common Core forum at WNED TV studios in Buffalo.
GingerBread Lane, a 300-square-foot village made entirely of edible gingerbread, icing and candy, has been designated world's largest gingerbread village by Guinness World Records.