Source: Pegula Family Interested in Bid for Bills

June 12, 2014 Updated Jun 12, 2014 at 8:33 PM EDT

By Jeff Russo

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Source: Pegula Family Interested in Bid for Bills

June 12, 2014 Updated Jun 12, 2014 at 8:33 PM EDT

Buffalo (WKBW) Bidding for the Buffalo Bills is expected to begin by the end of June and current Buffalo Sabres owner Terry Pegula is expected to be a part of the process.

A source with knowledge of the situation tells Eyewitness Sports Director Jeff Russo that Pegula and his wife Kim are interested in making a bid for the Bills. The source added that the Pegula's are considered very determined in their pursuit of the franchise.

The source says the Pegula's are leaning toward making any bid on their own, without partners.

Pegula has not publicly stated his interest in the Bills. The Sabres released a statement after the passing of Bills founder Ralph Wilson Jr. that said in part "We believe that this region is a better place with the Bills here and would not want to see the team moved out of Buffalo".

The Sabres had no further comment through spokesperson Mike Gilbert when contacted Thursday afternoon.

Pegula became the fourth owner in Buffalo Sabres franchise history when he bought the team in 2011 from Tom Golisano. Forbes estimates Pegula's worth at $3.3 billion. He recently added to that fortune when his company East Resources sold a total of 75,000 acres of shale leases for a reported $1.7 billion.

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