Terry Pegula transferred small percentage of Bills to daughter Laura Pegula
Nearly two years after she suffered a debilitating heart attack, Kim Pegula is still listed as a co-owner of the
Buffalo Bills and
Buffalo Sabres alongside her husband, Terry. The Pegulas used to own the
Bills 50-50, but that is no longer the case.
Palm Beach County Circuit Civil Court documents show that on Feb. 13, 2023, Terry Pegula filed to have Kim ruled incapacitated and to be made her guardian. A panel of three court-appointed examiners recommended incapacitation, and on March 23, 2023, a judge named Terry the “plenary guardian of the person and property” of his wife.
The documents also show that many of Kim’s assets have been placed in a trust, with Terry and longtime petroleum business collaborator Bob Long listed as co-trustees.
“The court has determined that the ward lacks capacity to handle all of their affairs, and everything that can be delegated has been delegated to someone else,” said Stacy Beth Rubel, chairperson of the Florida Bar’s guardianship, power of attorney and advance directives committee.
“Kim is not coming back” to the Bills or Sabres front office, a longtime Pegula family associate briefed on her condition and prognosis said.
Three days after Kim became Terry’s ward, Laura Pegula, Terry’s daughter from his first marriage, represented the Bills at
NFL owners’ meetings in Phoenix. Shortly thereafter,
The Athletic learned, Terry transferred a small percentage of the Bills to Laura to satisfy a league policy that aids in succession planning.....
Nearly two years after she suffered a debilitating heart attack, Kim Pegula is still listed as a co-owner of the Buffalo Bills and Buffalo Sabres alongside her husband, Terry. The Pegulas used to own the Bills 50-50, but that is no longer the case. Palm Beach County Circuit Civil Court documents...
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