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New Sabres owner keeping Ruff, opening wallet

New Buffalo Sabres owner Terry Pegula says Lindy Ruff will stay on as coach and promises general manager Darcy Regier a blank check for a winning team.

As the NHL announced the approval of Pegula's purchase of the team Tuesday, the Pennsylvania natural gas billionaire said the Sabres' reason for being, from now on, will be to win a Stanley Cup.

He introduced Ken Sawyer as the team's senior adviser and Ted Black as president. Sawyer's a former chief financial officer of the NHL and former president and chief executive of the Pittsburgh Penguins. Black also has a background with Penguins management.

Pegula says he'll also hire more scouts and player development coaches.

The Sabres are on the outside of the Eastern Conference playoff picture, in ninth place.