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Pegula Sports & Entertainment dissolved

T

tbolt909

Banned
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tbolt909 said:
www.nbcsports.com

Terry Pegula dissolves Pegula Sports and Entertainment, becomes president of both the Bills and Sabres

Changes continue within the sports organizations owned by Terry and Kim Pegula.
www.nbcsports.com www.nbcsports.com

Not sure what this move means. Is any real progress actually happening on the construction of the new Bills stadium? Has the timetable for completion been established or is it twisting in the wind? Pegula is now El Presidente of both teams for whatever that is worth...
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Actual Western New Yorkers know that ground has been broken, construction is underway and there's a relatively speedy timetable for construction.

It's making parking more of a challenge this season than it used to be.
 
It's an interesting story, because as I've mentioned in other posts, PSE owns a big complex in Nashville that involves a record label, publishing company, and several recording studios. What happens to them?
 
DavidEduardo said:
It's had to believe that the city does not have provisions in the "deal" that cover default, abandonment and the like.
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The question is -- Is the stadium contract that was signed by Pegula Sports & Entertainment now null & void? It's been well documented that taxpayers were getting hosed bad on the deal...
 
TheBigA said:
It's an interesting story, because as I've mentioned in other posts, PSE owns a big complex in Nashville that involves a record label, publishing company, and several recording studios. What happens to them?
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NBC Sports provides the answer to my question:

PSE's dissolution is unlikely to have much of an effect on Pegula's other holdings -- including a recording studio in Nashville, Tennessee, and a downtown Buffalo hotel/ice arena complex -- because they were mostly being operated as separate entities.
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www.espn.com

Pegula dissolves Sabres', Bills' parent company

Buffalo Sabres and Bills owner Terry Pegula on Monday dissolved the teams' parent company and appointed himself as Sabres president, a title he now holds with both franchises.
www.espn.com www.espn.com
 
DavidEduardo said:
It's had to believe that the city does not have provisions in the "deal" that cover default, abandonment and the like.
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The stadium contract is written with strict, highly punitive provisions which cover abandonment and default (and the like) should Pegula and the Bills attempt to move. BTW, the contract involves New York State, Erie County and the Bills/Pegula. The city of Buffalo is not party to the contract. Some in the legal community have noted that by creating separate entities distinguishing the holdings of the Buffalo Bills and Buffalo Sabres, Pegula has more latitude should he decide to sell the Sabres. This noted, Pegula has gone on record stating that he has no intention of selling the Sabres.
 
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Terry ain't getting any younger and he has several children who are interested in different areas of his businesses. It's conceivable that we may see each of them involved with the management of different properties. I'm no expert on estate planning, but he has a guy who is. Maybe this is part of a plan to allow them to keep different pieces of his empire someday instead of seeing it sold off piecemeal to pay punishing inheritance taxes, or to allow sale of some parts of the business in order to make it easier to keep others. There have been news reports that he's been diversifying his investments.
 
Rusty Bridges said:
The stadium contract is written with strict, highly punitive provisions which cover abandonment and default (and the like) should Pegula and the Bills attempt to move. BTW, the contract involves New York State, Erie County and the Bills/Pegula. The city of Buffalo is not party to the contract. Some in the legal community have noted that by creating separate entities distinguishing the holdings of the Buffalo Bills and Buffalo Sabres, Pegula has more latitude should he decide to sell the Sabres. This noted, Pegula has gone on record stating that he has no intention of selling the Sabres.
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Likely they already had the Bills and Sabres et al set up as separate legal entities after the initial purchases, under the PSE mgmt umbrella. That's pretty standard procedure, and was the case at every station I worked at. Gives flexibility in M&A and lessens liabilities from one entity to another. However IANAL so ????
 
topsound said:
Likely they already had the Bills and Sabres et al set up as separate legal entities after the initial purchases, under the PSE mgmt umbrella. That's pretty standard procedure, and was the case at every station I worked at. Gives flexibility in M&A and lessens liabilities from one entity to another. However IANAL so ????
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Buffalo Bills LLC and Hockey Western New York LLC
 
Trotter is accusing a lot of people of a lot of things. Terry Pegula vehemently denies Trotter's allegation.

Pegula released a statement Tuesday calling that allegation "absolutely false."

"The statement attributed to me in Mr. Trotter's complaint is absolutely false. I am horrified that anyone would connect me to an allegation of this kind. Racism has no place in our society and I am personally disgusted that my name is associated with this complaint."

Trotter better have a recording of the statement if he wants to avoid a lawsuit.
 
SirRoxalot said:
Trotter is accusing a lot of people of a lot of things. Terry Pegula vehemently denies Trotter's allegation.

Pegula released a statement Tuesday calling that allegation "absolutely false."

"The statement attributed to me in Mr. Trotter's complaint is absolutely false. I am horrified that anyone would connect me to an allegation of this kind. Racism has no place in our society and I am personally disgusted that my name is associated with this complaint."

Trotter better have a recording of the statement if he wants to avoid a lawsuit.
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Trotter will get his chance to prove it in HIS lawsuit. You're suggesting Pegula may sue for slander or libel. The NFL wants Trotter to quietly go away, but he has other ideas.

The NFL doesn't have a great track record of minority hires in leadership positions...
 
tbolt909 said:
Trotter will get his chance to prove it in HIS lawsuit. You're suggesting Pegula may sue for slander or libel. The NFL wants Trotter to quietly go away, but he has other ideas.

The NFL doesn't have a great track record of minority hires in leadership positions...
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That has nothing to do with the direct accusation against Terry Pegula. Whether he pursues it or not will be determined by whether the story had legs. So far nobody seems to be lining up behind Trotter.
 
SirRoxalot said:
That has nothing to do with the direct accusation against Terry Pegula. Whether he pursues it or not will be determined by whether the story had legs. So far nobody seems to be lining up behind Trotter.
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Actually it does. Trotter says that the NFL told him they are serious about diversity and righting past wrongs, and yet he claims they fired him for publicly challenging them on it. Colin Kaepernick was essentially denied employment when he was still skilled enough to make a roster as a back up quarterback. Trotter will have to make his case, but the issues are linked. Dan Snyder was forced to sell the Commanders for his abhorrent behaviour...
 
tbolt909 said:
Actually it does. Trotter says that the NFL told him they are serious about diversity and righting past wrongs, and yet he claims they fired him for publicly challenging them on it. Colin Kaepernick was essentially denied employment when he was still skilled enough to make a roster as a back up quarterback. Trotter will have to make his case, but the issues are linked. Dan Snyder was forced to sell the Commanders for his abhorrent behaviour...
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As much as you're trying to make this an issue, Terry Pegula and the Buffalo Bills are the diametric opposite of Dan Snyder and his Washington football organization. If you knew anything about the history of the Bills you'd know that they have been ahead of the curve on diversity through much of their history. You can look it up for yourself. You've wasted enough of my time.
 
SirRoxalot said:
As much as you're trying to make this an issue, Terry Pegula and the Buffalo Bills are the diametric opposite of Dan Snyder and his Washington football organization. If you knew anything about the history of the Bills you'd know that they have been ahead of the curve on diversity through much of their history.
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www.espn.com

Bills owner made racist comment, lawsuit alleges

Bills owner Terry Pegula allegedly made a racist comment about Black players in the NFL, according to a racial discrimination lawsuit against the league.
www.espn.com www.espn.com

I'm not the one who filed the lawsuit. The story is news whether you like it or not. What is it with people in Buffalo and the interiority complex? It's like a little kid on the playground screaming "Pick me". Of course, you provided no proof about your diversity claims. Hopefully, Pegula did not say the things he's accused of. Your defense of him sounds like a typical fan boy.

The Bills once got sued by their own cheerleaders over pay issues and they eliminated the group. You make it sound like the Bills have never been dysfunctional. The evidence on and off the field doesn't support your claim...
 
Now you're conflating cheerleaders, who were not run by the Bills and were not part of the organization, with a diversity claim? You're simply a shite disturber who is unfailingly negative about everything in WNY. There's plenty of proof about my diversity claims when you look at the Bills history. YOU look it up so you might have some kind of factual basis for your contentions. Flame on. I'm done with this discussion because your argument is as weak as the charge and you're simply not worth more of my time.
 
SirRoxalot said:
Now you're conflating cheerleaders, who were not run by the Bills and were not part of the organization, with a diversity claim?
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Really? They represented the team on the field during games. Of course, they were part of the organization and the team had involvement. The Bills also once sued Cumulus Buffalo over rights fees.

I didn't make up the Trotter lawsuit. It's real. What happens next is up the courts and lawyers...
 
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