4 billion for Buffalo’s NFL franchise in 2014

When Terry Pegula paid $1.4 billion for Buffalo’s NFL franchise in 2014, it dwarfed his investment in the city’s NHL team, the Sabres. Pegula paid only $189 million for the hockey team in 2011, which is actually cheap by the NHL’s standards, too. The same year Pegula bought the Sabres, Forbes reported the average value of an NHL franchise was about $240 million.

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