According to ProFootballTalk’s Mike Florio, the Buffalo Bills sale to Sabres’ owner Terry Pegula is expected to be rubber stamped this week.
Florio’s sources indicate that the purchase of the franchise is on the agenda for this week’s NFL ownership meetings in New York.
The Buffalo News reporter Tim Graham told Florio on his podcast PFT Live that it’s expected Terry Pegula’s wife, Kim Pegula, will be in charge of the football operations.
Pegula purchased the holding company, which owns the Sabres and the First Niagara Center in February 2011.
Canucks chairman Francesco Aquilini confirmed The Buffalo News story Friday that he had interest in purchasing the Buffalo Bills.
However, Aqulini told the paper through a statement that he wouldn’t be pursing the NFL club further.
“I’m always exploring potential business opportunities, and I’m passionate about sports. So this is something that interested me. However, we are not planning to pursue the opportunity further.”
According to the report, Aquilini had signed a nondisclosure agreement for access to the Bills’ financial data.
Aquilini, 53, has been the majority owner of the Canucks since November 2006.
The Buffalo News story also reported that John Bitove, the man responsible for landing the Raptors in Toronto, is among those who signed a nondisclosure agreement.
The paper’s sources say as many as 60 nondisclosure agreements were distributed, but just 16 to 20 were signed and returned.
The NFL club is for sale after its founder and owner, Ralph Wilson, died in March.
Related: Report: Sabres’ owner Pegula makes bid for NFL’s Bills