Bills sale gets unanimously approval

ByABC News
October 8, 2014, 9:04 AM

— -- The NFL's owners unanimously approved the sale of the Buffalo Bills to Sabres owners Terry Pegula and his wife Kim on Wednesday.

NFL spokesman Greg Aiello tweeted the news on Wednesday morning.

The vote took place in New York City, where the NFL's owners are meeting Wednesday.

The Pegulas finished ahead of competing groups fronted by rock star Jon Bon Jovi and billionaire Donald Trump to buy the Bills, acquiring the franchise from the family of late owner Ralph Wilson for $1.4 billion.

Wilson paid $25,000 to buy the Bills in 1959.

In order for the Pegulas' purchase to be ratified, three-quarters of the league's 32 owners, including Wilson's estate had to approve the sale.

Under NFL ownership rules, the Pegulas are allowed to own both the Bills and the Sabres because the franchises are in the same market.

The Associated Press contributed to this report.