Sports

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

  • 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)

    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)

  • 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)

    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)

  • Terry Pegula, the new Buffalo Bills owner, becomes emotional during his opening remarks, wiping away tears as he speaks about his respect for the late Ralph Wilson during a news conference at the Ralph Wilson Fieldhouse in Orchard Park, N.Y., Friday, Oct. 10, 2014. (AP Photo/Gary Wiepert)

    Terry Pegula, the new Buffalo Bills owner, becomes emotional during his opening remarks, wiping away tears as he speaks about his respect for the late Ralph Wilson during a news conference at the Ralph Wilson Fieldhouse in Orchard Park, N.Y., Friday, Oct. 10, 2014. (AP Photo/Gary Wiepert)  (The Associated Press)

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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