Thursday, February 3, 2011

Terry Pegula Buys Buffalo Sabres

Terry Who????  If you remember last year, Terry Pegula donated 88 million to Penn State to fund a men's and women's Division I hockey programs.  Also included in the donation is a plan to build a brand new arena for hockey in State College.

Pegula has reached an agreement to buy the Buffalo Sabres for 190 million according to the New York Times. 

Pegula sold his natural gas drilling company East Resources to Royal Dutch Shell for 4.7 billion in 2010.  The move gave RDS a footing in the Marcellus Shale Formation.

According to the Susquehanna River Sentinel, good ole PSU is becoming "shill university" for the gas industry.

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