Quinn Speaks Out About Possible Sale

January 6, 2011 Updated Jan 6, 2011 at 12:36 PM EDT

By WKBW News

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January 6, 2011 Updated Jan 6, 2011 at 12:36 PM EDT

BUFFALO, NY ( WKBW ) Sabres managing partner Larry Quinn said in a press conference Wednesday that they have not signed over the team. In fact, he said they haven’t even signed a letter of intent to sell.

Many media outlets have been reporting that an announcement about the sale would be made at the conclusion of the World Junior Hockey Tournament that has been taking place here in Buffalo. There’s also been speculation that Pennsylvania businessman and self-made billionaire Terry Pegula was going to buy the team. There was no announcement made.

“Terry Pegula is a great guy I've known him for a long time and if he someday does own this team he'll be very happy with it. Haven't signed a contract to sell the team, haven't signed a letter of intent to sell the team. We may very well sell it but one step at a time,” Quinn said.

Quinn also stressed that fans should not be concerned about the Sabres leaving the area, even if the team is sold. He said several years ago, they signed a non-relocation agreement to keep the team here for decades.

There have also been reports that if Pegula does purchase the Sabres, he will keep the team right here in the Queen City.