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NFL owners unanimously approved Terry and Kim Pegula as the new owners of the Buffalo Bills Wednesday morning. At the NFL's fall meeting in New York, the rest of the league's owners finally turned what was a formality into a reality.
The Pegulas needed three-quarters of the vote from the league's owners, including the Ralph Wilson estate. But they have been met with nothing but a positive reaction from around the NFL since buying the team, especially as they have no plans to relocate it. The husband-and-wife ownership duo purchased the franchise for an NFL record $1.4 billion, beating out bids from groups led by Jon Bon Jovi and Donald Trump. The Pegulas also own the NHL's Buffalo Sabres.
The Pegulas are just the second ownership group in the Bills' history, as Ralph Wilson Jr., who passed away in March, was the founder and owner of the team. The last remaining step in the process is the actual purchase transaction itself, which should take place in the coming days.