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Golisano says sale contract keeps team in Buffalo

By Michael Mroziak


Buffalo, NY – Buffalo Sabres owner Tom Golisano unveiled details of the pending sale of the Sabres to businessman Terry Pegula.

At a news briefing at HSBC Arena in downtown Buffalo Thursday afternoon, Golisano stated that the contract to sell the team to Pegula does secure the future of the team to remain in the City.

Golisano noted that the wording of his sale contract "secured its future" to never to move from Buffalo.

Golisano also revealed he actually received an offer to buy the team from another unidentified individual that was rejected.

In fact, Golisano indicated that the offer was $70 million more than what Pegula will pay, but that offer asked to receive the cooperation to move the team to another city.

"Just not going to do that", Golisano said.

As for his time as Sabres owner, Golisano stated that it was "99% very, very positive".