Buffalo Bills and Sabres co-owner Terry Pegula told reporters Tuesday that he is not facing a "negative financial situation" in light of potential upcoming extensions for Bills head coach Sean McDermott and general manager Brandon Beane.
"There is no financial situation," Terry Pegula said in a video conference alongside wife and co-owner Kim Pegula, per Matt Parrino of syracuse.com. "I don't know where that rumor started. If you look at every oil and gas company, which is our core business outside sports, they're all—you might use the word—hurting. But we don't have any debt on our oil and gas business.