Buffalo Bills and Buffalo Sabres co-owner Terry Pegula announced Monday afternoon that Pegula Sports & Entertainment (PSE) is being dissolved. ESPN Bills beat reporter Alaina Getzenberg shared the bombshell news, which contained a statement from Terry Pegula via the Sabres.
“We are thankful for the work and effort so many individuals have put into PSE over the years, but feel it is the right time for them to return home to separate organizations. We feel that now is the right time to dissolve PSE and allow everyone to focus solely on their respective organization. It is a great time to be a Buffalo sports fan, and we have a tremendous amount of confidence that this restructuring will allow our businesses to continue to elevate with our teams.