http://espn.go.com/nfl/story/_/id/11663100/buffalo-bills-sale-unanimously-approved-owners

NFL owners unanimously approved the sale of the Buffalo Bills to Buffalo Sabres owners Terry Pegula and his wife, Kim, on Wednesday.

League spokesman Greg Aiello tweeted the news.

Greg Aiello        ✔ @gregaiello
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Terry & Kim Pegula are unanimously approved as the new owners of the #BuffaloBills. Congrats to the Wilson & Pegula families.
8:42 AM - 8 Oct 2014

The vote took place in New York City, where NFL owners are meeting. Terry Pegula made a statement at the owners meetings, saying how excited he was and that he hopes to have the sale process officially completed by the end of the week, but he said he wouldn't take questions.

However, he did respond to some questions shouted by reporters at the end of his availability.

"If you had asked me 10 years ago if I would own the Bills and the Sabres, I'd have called you a liar," he said.

Asked if he got a good deal, he replied, "I got a hell of a deal. I own the team."

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.

Kim Pegula is expected to have a high-ranking role with the Bills, working alongside current team president Russ Brandon.

Terry Pegula has a net worth value of more than $3.5 billion, and he made his fortune in the natural gas industry. In 2010, he completed a deal to sell a large portion of his company East Resources' assets for $4.7 billion to Royal Dutch Shell.