Who Will Be The Next Owner of the Buffalo Bills?

March 26, 2014 Updated Mar 26, 2014 at 6:33 PM EDT

By Ed Reilly

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March 26, 2014 Updated Mar 26, 2014 at 6:33 PM EDT

BUFFALO, N.Y. (WKBW) A veil of sadness has fallen across Western New York with news of the death of 95-year old Buffalo Bills owner Ralph Wilson, Jr.

While fans express condolences, there is also a lot of apprehension about who will eventually buy the team.

"You know anything can happen when it comes to NFL ownership. That's one thing we learned when looking at previous transactions," said Matt Sabuda, president of the Buffalo Fan Alliance.

Local billionaire and owner of the Buffalo Sabres, Terry Pegula, is thought by many to be someone who might be interested in purchasing the Bills.

Other names include Hall-of-Fame quarterback Jim Kelly, former Sabres owner Tom Golisano, noted bond investor Jeffrey Gundlach, and local business people Bob Rich, Jr and the Jacobs family.

The Buffalo Bills team is now currently in a trust that will oversee operations until a buyer can be found.

The Buffalo Bills posted the following statement on its website:

"Right now all of us are absorbing this tremendous personal loss. We are performing our day-to-day functions as we normally would. We understand our fans’ curiosity in wanting to know what the future holds for our organization and that will be addressed in the near future. But at this time, we are committed to honoring the life and legacy of Ralph C. Wilson, Jr., the man who delivered NFL football to Buffalo.”

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