Penn State Grads, Donors Terry and Kim Pegula Buy Buffalo Bills – Onward State

Penn State alumni and prolific donors Terry and Kim Pegula have reached an agreement to purchase the Buffalo Bills, according to multiple reports published today. The sale is reportedly close to $1.1 billion, which gives the Pegulas total control of the team. Terry Pegula made his money from his natural gas drilling company East Resources, which he sold to Royal Dutch Shell for $4.7 billion in 2010.