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It's official: the Pegulas will be the next owners of the Buffalo Bills

The Buffalo Bills and the Pegulas have released statement confirming earlier reports.

Rick Stewart

It's as official as it's going to be, until it's actually official: the Buffalo Bills have released a statement saying the Ralph Wilson Trust will be selling the team to Kim and Terry Pegula, making them the second owners of the team in its long history.

"This is a very important day in the history of the Buffalo Bills franchise," wrote Wilson's widow, Mary Wilson, who has been the owner since her husband's passing this spring. "Ralph brought professional football to Buffalo in 1959 and it was his life's passion. He loved his team and he cherished the fans, and his legacy will remain for all-time. Ralph would have been pleased with the sale of the team to the Terry Pegula family, who has been so committed to Buffalo and the Western New York region."

"I sincerely wish Terry and Kim Pegula all the best with the Buffalo Bills and I'm happy for all Bills fans. Our hope is that this great franchise brings them as much excitement and joy as it did for Ralph and that they bring home a Super Bowl championship for Bills fans everywhere. Go Bills!"

The Pegulas also released a statement, but asked for continued privacy, as they have during all the confidential parts of the process.

"Kim and I are humbled and honored that the Wilson family has chosen us to be the second owner of the Buffalo Bills. Pending the NFL approval process, being the next owner of the Buffalo Bills would be a great privilege for our family. Ralph Wilson left an indelible mark on our community and we will strive every day to honor his legacy.

"Our interest in owning the Bills has everything to do with the people of Western New York and our passion for football. We have knowledgeable, dedicated fans here and along with our ownership of the Buffalo Sabres, it is gratifying to reassure these great fans that two franchises so important to our region are both here to stay.

"We are grateful to Senator Chuck Schumer and Governor Andrew Cuomo for their support and desire to keep our Bills in Western New York where they belong and to our team of professional advisors at Allen & Company and Sherrard, German & Kelly. We would also like to thank the staffs of the NFL and the Bills for helping to guide us through the sale process. We now look ahead to the NFL review process in accordance with League policy. If awarded final approval, we will be driven to achieve a singular goal: To win a Super Bowl for our fans.

"Out of respect for the continuing sale process, until League approval is attained, we will have no further comment."

Pop the champagne. Your kids will watch the Bills in Buffalo.