The shakeups in the front offices of the professional sports teams in the City of Buffalo have continued as Pegula Sports and Entertainment no longer exists.
On Monday, Buffalo Bills owner Terry Pegula, who also owns the National Hockey League’s Buffalo Sabres, named himself the president of the hockey club. In doing so, PSE has ceased to exist.
Previously, the two teams were linked under the PSE umbrella. According to a new release, the two will now act as separate entities for the first time since 2014.
“We are thankful for the work and effort so many individuals have put into PSE over the years, but feel it is the right time for them to return home to separate organizations,” Pegula said in a statement. “We feel that now is the right time to dissolve PSE and allow everyone to focus solely on their respective organization. It is a great time to be a Buffalo sports fan and we have a tremendous amount of confidence that this restructuring will allow our businesses to continue to elevate with our teams.”
In July, Pegula made a similar change with the Bills. Pegula is also the team president of the National Football League club as the team and former Bills president Ron Raccuia announced the two sides “parted ways” at that time.
Terry Pegula co-owns both teams with his wife, Kim.
Kim Pegula went through an “unexpected health issue” in June 2022. It was later revealed to be cardiac arrest which she continues to recover from. In July, she had made appearances at Bills training camp for the first time.
In recent months with Kim Pegula stepping away from the day-to-day operations of both teams to focus on her health, Terry Pegula has appeared to become more involved with both, leading to these changes in organizational structure.
Bills Wire will provide further updates as information made is available.
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