Find out about the Buffalo Sabres' ownership history, list and previous changes.
The Buffalo Sabres National Hockey League franchise is one of the New York-based teams in the league. Founded in 1970, the team ranks amongst the most consistent teams in the Stanley Cup playoffs throughout their history.
Who owns the Buffalo Sabres?
The Buffalo Sabres are owned by Terry Pegula, who acquired the franchise in 2011 for $189 million.
Buffalo Sabres ownership structure: majority and minority
Terry Pegula
Terry Pegula is the majority owner of the Buffalo Sabres. He is an American businessman and petroleum engineer known for his diverse investments in natural gas development, real estate and entertainment with an estimated net worth of around $7 billion.
Terry also owns other sports franchises like the Buffalo Sabres (National Hockey League), Buffalo Bandits (National Lacrosse League) and the Rochester Americans (American Hockey League).
Terry led a consortium of private equity firms and athletes to acquire the Buffalo Bills NFL franchise.
Buffalo Sabres Ownership History
Seymour Knox III and Northrup Knox
The Buffalo Sabres was founded in 1970 as an expansion franchise in the NHL and was originally owned by Seymour Knox III and Northrup Knox.
John Rigas
In December 1997, the Buffalo Sabres NHL franchise was sold by Northrop Knox to John Rigas, owner of Adelphia Communications. He became the new majority owner of the franchise following the takeover.
Consortium led by Tom Golisano
A consortium led by Tom Golisano Larry Quinn purchased the Buffalo Sabres. Golisano was introduced as team owner on March 19, 2003.
Terry Pegula
Terry Pegula became the new owner following the acquisition of the team in 2011.
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