The owner of Bills, Terry Pegula, faces a violent reaction of more than $ 100 million yachts, while New York taxpayers help finance the new stadium
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The billionaire Terry Pegula, the owner of the Buffalo Bills of the NFL and the Buffalo Sabres of the NHL, is not in good position with some New Yorkers after a recent video of his yacht anchored in Newport, Rhode Island, emerged.
It is normal for billionaires to be seen with these mass ships, but when taxpayers of the New York state are partially covering the cost of the new stadium of $ 2.1 billion of the Bills in Buffalo, they are making an exception of the yacht of $ 100 million, “Top Five II”.
Some members of the “Bills Mafia” were furious and made their opinions known on social networks.
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The owner of Buffalo Bills, Terry Pegula, attends a game against the Los Angeles Rams in the Sofi Stadium on December 8, 2024. (Kirby Lee/Imagn images)
“The pegulars relax in Newport while we pay for the stadium? That is a slap on the face,” wrote a fan in a Reddit thread.
Another Reddit user wrote: “I love invoices, but this stadium agreement is theft. The pegules do not pay anything while we ruin.”
While some are furious, others are pointing to fingers to state legislators.
The next great fiscal threat comes from its state capital
“The city did not have to approve the deal. They did it,” said an user X. “And also put a very good product in the field before building a new stadium. I am not really standing with the billionaires here, but I only say that the city approved it. No Terry.”
New York taxpayers will pay $ 600 million for the new construction of the Highmark stadium, while Erie County taxpayers are adding $ 250 million.
New York governor, Kathy Hochul, visits Bills, Terry Pegula and her daughter, Laura Pegula, during her visit to the team’s training camp at St. John Fisher on July 24, 2025, in Pittsford, NY, NY (IMAGN)
This is the most contributing money ever committed to a NFL stadium.
There have been many critics of the agreement, especially considering that Pegula has a net worth reporting $ 7 billion. While being disbursing most of the funds for the stadium, taxpayers feel that many millions could be used in other places, whether social services, education or other sector.
To frustration is added the fact that the construction is $ 560 million on its original estimate.
New York Governor Kathy Hochul, a Bills fan who is native to Buffalo, said in January 2024 that it was “difficult” to go through the legislation to obtain money from taxpayers to help finance the stadium, but “we did.”
The owner of Buffalo Bills, Terry Pegula, walks with the team before a match against New York Jets in the Highmark Stadium on December 29, 2024. (Mark Konezny/Imagn images)
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As for the 200 feet to have a pegula, it was built and delivered to measure in 2021 and was valued between $ 75 million and $ 100 million. From interior of designers, including Louis Vuitton and Gucci, the yacht offers a glass spa pool, sauna, gym, lounge cinema and much more.
According to reports, the yacht is available for the letter of around $ 500,000 per week.
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Scott Thompson is a sports writer of News Digital.