Sources: Pegula Close to Buying Amerks

6:11 PM, May 17, 2011   |    comments
Terry Pegula
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BUFFALO, NY - Multiple sources have confirmed to 2-On-Your-Side that Sabres Owner Terry Pegula is in the final stages of purchasing the Rochester Americans of the American Hockey League.

We're told that negotiations have intensified over the past couple of weeks, and that the deal is moving closer to reaching its conclusion.

The Associated Press is citing a source familiar with negotiations as saying the Sabres have signed non-binding letter of intent to purchase the Amerks.   The AP is reporting a sale could take months, and would likely happen in October.

The Sabres would offer no confirmation, but did reaffirm that they are "looking at all aspects of the organization, including the AHL affiliation short and long term."   Sabres President Ted Black said as much last week during an interview on WGR Sportsradio 550.

Since the 2008-09 season, the Sabres have had an affiliation agreement with the Portland Pirates.   That contract runs through the 2013-14 season.   We're told a resolution to that agreement, along with ownership of the Rochester Knighthawks Lacrosse team, which is owned by the Amerks are among the issues that need resolution.

Prior to 2008-09, the Amerks were affiliated with the Sabres for 29-years.

Portland Pirates Owner Brian Petrovek declined comment to WCSH-TV in Portland, Maine.



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