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Pegula impresses at NHL meetings

By Chris Jamele

http://stream.publicbroadcasting.net/production/mp3/wbfo/local-wbfo-949207.mp3

Buffalo, NY – Potential future owner of the Buffalo Sabres, Terry Pegula, took some very big steps toward making that transaction a reality this weekend.

Pegula met with the NHL's Board of Governor's five member executive committee on Saturday and, by all appearances, came away leaving a very good impression. ESPN-dot-com is reporting that a formal purchase agreement is expected to be announced by the end of this week, and sources are claiming that the transaction could be completed within a month.

NHL Commissioner Gary Bettman cautions that such transactions can take time.

The total purchase price for the Sabres has been targeted at $189 million.