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Sports

Pegula pleased to preserve Bills in Buffalo; Humbled to succeed Wilson as NFL team's owner

Associated Press
Published | Updated
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    Kim, left, and Terry Pegula are introduced as the new owners of the Buffalo Bills as they pose for members of the media on the football field at Ralph Wilson Stadium in Orchard Park, N.Y., Friday, Oct. 10, 2014. (AP Photo/Gary Wiepert) (The Associated Press)

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    Terry, left, and Kim Pegula are introduced as the new owners of the Buffalo Bills as they pose for members of the media on the football field at Ralph Wilson Stadium in Orchard Park, N.Y., Friday, Oct. 10, 2014. (AP Photo/Gary Wiepert) (The Associated Press)

ORCHARD PARK, N.Y. – Terry Pegula says his desire to buy the Buffalo Bills was born out of a fear of the franchise potentially relocating.

And he's humbled by the opportunity to succeed Hall of Fame owner Ralph Wilson, who died in March.

Pegula broke down in tears numerous times during a 45-minute news conference Friday, when he and his wife Kim were formally introduced as the Bills co-owners. The Pegulas' NFL-record $1.4 billion bid was approved unanimously by league owners Wednesday.

Pegula, who also owns the NHL Buffalo Sabres, says the Bills' purchase price wasn't an issue if it meant guaranteeing the franchise staying in western New York.

He intends to keep Russ Brandon on as team president. He adds there have been preliminary discussions about the possibility of building a new stadium.

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AP NFL website: www.pro32.ap.org and http://twitter.com/AP_NFL