The owner of the Bills and Buffalo Sabres is backing a firm that helps the ultra-wealthy manage their money.

Get our free mobile app

Terry and Kim Pegula bought the Buffalo Sabres in 2010, then the Buffalo Bills in 2014. They also own the Buffalo bandits, Rochester Americans, and Rochester Knighthawks. Terry became a billionaire as the owner of JKLM Energy, which mines for natural gas. He is worth almost $7.7-Billion dollars.

Terry is good at making money, that's for sure. So, why not help other rich people make even more? According to Bloomberg, Terry Pegulas is backing Bison Wealth out of Atlanta, GA. Long story short, they look to be managing over $40-Billion. The firm has close ties to the Pegulas, as the article states:

The wealth firm is part of Bison Holdings, which was created by Pegula’s family office and also includes companies offering insurance products and exchange-traded fund strategies.

What does this mean for Bills and Sabres fans? Nothing, really. Other than the owner is clearly not hurting for money. That might be frustrating to some because the Sabres made a ton of cutbacks during COVID, have an aging arena, and Pegula just got $850 million in taxpayer funds for the new Bills stadium. With so much wealth, some argue he should be footing the bill for a project like that. It makes you wonder about the future of KeyBank Center. Will the Pegulas want millions more in taxpayer money when they clearly have the funds to do it all themselves?

The rich don't get rich spending all their money.

Pegulas Sell Lakefront Buffalo Home

Terry and Kim Pegula sell one of their Buffalo homes.