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Who are Kim and Terry Pegula? How did they make their wealth? When did they buy the Buffalo Bills? How much did they pay to buy the Bills? The answers to all that and more are found in this article.
Who owns the Buffalo Bills and when did they buy them?
The NFL franchise Buffalo Bills are owned by a company called Pegula Sports and Entertainment (PSE). The owners of this company are the American billionaire Terry Pegula and his wife Kim Pegula. She is also the official President of Pegula Sports and Entertainment.
In the spring of 2014, Terry and Kim Pegula outbid none other but American President Donald Trump for the right to purchase the ownership of the Buffalo Bills. The accepted bid was worth $1.4 billion.
Kim and Terry Pegula – who are they and how they met?
Terry and Kim Pegula have been happily married for over 31 years now. They have three children together – Jessica Pegula, Kelly Pegula and Matthew Pegula. Jessica is a famous tennis player, one of the best America has right now. Kelly is the middle child and she is a famous fashion designer. Matthew is believed to still be attending university as of 2022.
Terrence Michael Pegula, or Terry Pegula, was born in 1951 in Carbondale, Pennsylvania. He grew up in poverty before using his brain to gain a University degree.
Right after graduation, Terry Pegula loaned a small amount of money ($7,500) from family and friends to open his own oil exploration company East Resources. Luck was with young Terry back in 1983 and the first two sites he exploited struck the black gold, so from then on life changed for Terry Pegula.
He purchased Pennzoil Assets in 2000 to add to his oil and gas drilling empire before a few years later he started selling off. He sold East Resources to Royal Dutch Shell for $4.7 billion in 2010.
— Buffalo Bills (@BuffaloBills) October 2, 2023
Kim Kerr is a South Korean born in Seoul in 1969. Kim’s upbringing is dramatic. She was abandoned by her parents on the streets of Seoul at the age of just 5 and she was given up for adoption.
In 1974 Kim, only age 5, was lucky to be adopted by the childless American couple Ralph and Marilyn Kerr. Kim lived in a moderately modest household but she grew up without any serious dramas after her very tough early years.
She graduated from Houghton College. Shortly after graduation, she started looking for a job as a waitress, so she could collect money for an adventure trip to Alaska. As it happens she met Terry while applying for such a job in a restaurant he frequented. They fell in love and the rest is history as they say.
Kim and Terry Pegula family and when they married?
Terry and Kim Pegula have been happily married since 1993 and their marriage has produced three kids.
Kim and Terry Pegula children – are they involved in the business?
The oldest daughter Jessica Pegula is very busy with her professional tennis career right now. However, she will eventually retire and it is widely believed that she will be the main heiress of her parents’ company and assets.
Kelly Pegula lives in New York and she refuses to be helped much by her parents. She is a successful fashion designer and is known to be a tremendous workaholic.
Matthew Pegula is the youngest of the three and he is still studying at university. He is often seen attending Bills’ games with his father.
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