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Terry Pegula

Terry Pegula is an American businessman, petroleum engineer, and sports owner best known as the owner of the Buffalo Bills and Buffalo Sabres.

By Ethan Anderson| Reviewed by Olivia Bennett, Standards & Fact-Checking Lead| Updated July 26, 2026|2 min read| Fact-checked

Terry Pegula is an American businessman, petroleum engineer, and sports owner best known as the owner of the Buffalo Bills and Buffalo Sabres. He made his fortune in natural gas and oil development through East Resources before expanding into professional sports and related business holdings.

Early life and education

Terrence Michael Pegula was born in Carbondale, Pennsylvania, on March 27, 1951. He studied petroleum and natural gas engineering at Pennsylvania State University.

Business career

Pegula founded East Resources in 1983 and built significant wealth through natural gas and fracking-related investments. His business interests later expanded into real estate, entertainment, and sports ownership.

Sports ownership

Pegula bought the Buffalo Sabres in 2011 and the Buffalo Bills in 2014. He has served as owner, CEO, and president of both franchises.

Personal life

Pegula is married to Kim Pegula, and together they are associated with several professional sports holdings. He is also the father of tennis player Jessica Pegula.

Key facts

  • Terry Pegula is the owner and president of the Buffalo Bills (NFL) and Buffalo Sabres (NHL).
  • He purchased the Sabres in 2011 and the Bills in 2014.
  • He built his fortune through natural gas development and fracking via East Resources, founded in 1983.
  • His business interests include real estate, entertainment, and sports.
  • He and his wife Kim Pegula were linked to Pegula Sports and Entertainment, later dissolved as a separate company.
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Canadian context

Pegula's main relevance to Canada is through the Buffalo Bills and Buffalo Sabres, two teams based near the Canadian border that have strong followings among Canadian sports fans, especially in Ontario.

Frequently asked questions

Who is Terry Pegula?
Terry Pegula is an American businessman and sports owner best known for owning the Buffalo Bills and Buffalo Sabres.
What is Terry Pegula's full name?
His full name is Terrence Michael Pegula.
How did Terry Pegula make his money?
He made his fortune through oil and natural gas development, especially via East Resources.
What teams does Terry Pegula own?
He owns the Buffalo Bills in the NFL and the Buffalo Sabres in the NHL.
When did Terry Pegula buy the Buffalo Sabres and Bills?
He bought the Buffalo Sabres in 2011 and the Buffalo Bills in 2014.

References

  1. Wikipedia — https://en.wikipedia.org/wiki/Terry_Pegula
    Supports: Birth name, birth date, birthplace, occupation, sports ownership, and general business background.
  2. NHL.com — https://www.nhl.com/sabres/team/owner-ceo-president
    Supports: Ownership of the Buffalo Sabres, role as owner/CEO/president, and purchase date.
  3. BuffaloBills.com — https://www.buffalobills.com/team/front-office-roster/terry-pegula
    Supports: Ownership of the Buffalo Bills, role as owner/president, and team purchase details.
  4. Bloomberg — https://www.bloomberg.com/billionaires/profiles/terrence-m-pegula/
    Supports: Fortune source, East Resources background, and billionaire profile.
  5. Wikipedia — https://en.wikipedia.org/wiki/Pegula_Sports_%26_Entertainment
    Supports: Pegula Sports and Entertainment holdings and its dissolution as a separate company.