Buffalo, NY, October 12, 2025

The Pegula family, known for owning the Buffalo Bills and Buffalo Sabres, has acquired a minor league baseball team, further diversifying their extensive sports portfolio. This latest venture aligns with their commitment to promoting sports in Buffalo and is anticipated to drive economic growth and community engagement in the region. As details of the acquisition unfold, the Pegulas aim to foster local talent and enhance the city’s reputation as a hub for professional sports investments.

Buffalo Billionaires Pegula Family Acquire Minor League Baseball Team in Latest Sports Venture

Buffalo, NY – The billionaire Pegula family, owners of Buffalo-based PBN Holdings, have expanded their extensive sports portfolio by acquiring a minor league baseball team. This acquisition adds to their diverse investments in sports, real estate, and energy sectors, further solidifying their estimated $7 billion net worth. The move highlights the growing interest in Buffalo as a hub for professional sports investments.

The purchase aligns with the family’s long-standing commitment to elevating sports in the region. Through PBN Holdings, the Pegulas already oversee major professional franchises, including the NFL’s Buffalo Bills and the NHL’s Buffalo Sabres. This new venture into baseball broadens their influence, potentially bringing more events and economic activity to Western New York. Industry observers note that such acquisitions reflect a strategic push to diversify holdings while fostering community engagement through athletics.

Details of the deal, including the specific team involved and financial terms, remain under wraps as negotiations finalize. However, the move is expected to integrate seamlessly with the family’s existing operations. PBN Holdings, headquartered in Buffalo, has been instrumental in managing these assets, ensuring operational efficiency and growth. The acquisition comes at a time when minor league baseball is experiencing renewed popularity, with attendance figures rising across the country due to affordable family entertainment and local pride.

Expansion of Sports Portfolio

The Pegula family’s sports investments have evolved significantly over the years. Initially focused on hockey and football, their portfolio now extends to baseball, demonstrating adaptability in a competitive market. This expansion not only diversifies revenue streams but also strengthens ties with fans in Buffalo and surrounding areas. By acquiring the minor league team, the family aims to develop talent pipelines and host community events, mirroring their successful model with higher-profile teams.

Beyond sports, the Pegulas maintain substantial interests in real estate and energy. Their real estate ventures include commercial properties and developments in Buffalo, contributing to urban revitalization efforts. In the energy sector, investments span natural gas and renewable initiatives, showcasing a balanced approach to traditional and sustainable energy sources. These diverse holdings have been key to building and maintaining their $7 billion net worth, with each sector complementing the others for long-term stability.

Buffalo’s Rising Profile in Sports Investment

This acquisition underscores Buffalo’s rising profile in professional sports investment. The city has long been a stronghold for passionate sports fans, particularly for football and hockey. The addition of a minor league baseball team could enhance this reputation, attracting visitors and boosting local businesses. Economic impacts may include job creation in team operations, stadium improvements, and related tourism. As Buffalo continues to recover and grow post-economic challenges, such investments signal confidence in the region’s potential.

The Pegulas’ involvement in multiple sports leagues positions them as key players in the broader landscape of American athletics. Their strategy emphasizes community involvement, with initiatives often supporting local charities and youth programs. This latest move into baseball aligns with that ethos, potentially introducing new generations to the sport while reinforcing the family’s legacy in Buffalo.

Broader Implications for the Region

For Western New York, the acquisition represents an opportunity for economic diversification. Sports-related activities have historically driven revenue through ticket sales, merchandise, and concessions. With the Pegulas at the helm, expectations are high for innovative fan experiences and partnerships that could elevate the minor league team’s standing. This development also reflects a national trend where affluent investors are increasingly turning to secondary markets like Buffalo for sports opportunities, away from oversaturated major cities.

The family’s net worth, pegged at $7 billion, stems from a combination of shrewd business decisions across industries. Their entry into sports began with the purchase of the Buffalo Sabres in 2011, followed by the Buffalo Bills in 2014. These acquisitions transformed struggling franchises into competitive entities, enhancing their value significantly. Extending this success to baseball could yield similar results, further cementing the Pegulas’ influence.

In summary, the Pegula family’s acquisition of a minor league baseball team marks a pivotal expansion for PBN Holdings. It not only diversifies their sports holdings but also highlights Buffalo’s appeal as an investment destination. As details emerge, the region anticipates positive ripple effects on its economy and sports culture.

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