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Pegula closes on multi-billion dollar deal
Buffalo, N.Y. - Buffalo Sabres owner Terry Pegula may have a bit more leverage in his bid to become the next owner of the Buffalo Bills.
He has closed on a $1.75 billion deal to sell drilling rights on about 75,000 acres of land in Ohio and West Virginia.
Before the deal, Pegulas net worth was estimated at $3.3 billion.
Many believe Pegula and his wife Kim are front-runners for becoming the Bills next owners.