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sabresindc
PostPosted: Mon Dec 13, 2010 9:12 am 
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It should be especially since he is out of that business now.

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wollt ihr die sabres oben sehen müsst ihr die tabelle drehn.

It's a phrase that basically means, if you wanna see the Sabres at the top, turn the rankings.


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Squanto
PostPosted: Mon Dec 13, 2010 9:51 am 
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He's still the President and CEO of East Resources, so it's not really correct to say he's out of the business.

Regardless, he's still fine. He's in a legitimate business with no history of chicanery or other shady dealings. He's the perfect NHL owner. There's no reason he'll be disqualified.


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gr8daygo
PostPosted: Mon Dec 13, 2010 10:03 am 
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Squanto wrote:
He's still the President and CEO of East Resources, so it's not really correct to say he's out of the business.

Regardless, he's still fine. He's in a legitimate business with no history of chicanery or other shady dealings. He's the perfect NHL owner. There's no reason he'll be disqualified.



Bettmen, prick that he is, hates Buffalo

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SABRESAllTheWay
PostPosted: Mon Dec 13, 2010 10:21 am 
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I agree with what most of you are saying. Pegula is really the owner we need, and a "perfect" owner for an NHL team. Could easily be what puts us over the top and finally brings us our first cup, or at least a shot at it fairly soon.

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sabresindc
PostPosted: Mon Dec 13, 2010 10:41 am 
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Squanto wrote:
He's still the President and CEO of East Resources, so it's not really correct to say he's out of the business.

Regardless, he's still fine. He's in a legitimate business with no history of chicanery or other shady dealings. He's the perfect NHL owner. There's no reason he'll be disqualified.

My bad, I saw an article where he sold the company but it said nothing of him retaining the position of president/CEO.

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sabretoothpick wrote:
Yhoshi wrote:
wollt ihr die sabres oben sehen müsst ihr die tabelle drehn.

It's a phrase that basically means, if you wanna see the Sabres at the top, turn the rankings.


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Squanto
PostPosted: Mon Dec 13, 2010 10:44 am 
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gr8daygo wrote:
Bettmen, prick that he is, hates Buffalo


Uh, ok.

Buffalo is the most successful US hockey market. He doesn't hate this town. As big a douche as he is, let's remember that he was instrumental in keeping this team here after the Adelphia debacle.


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Squanto
PostPosted: Mon Dec 13, 2010 10:50 am 
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sabresindc wrote:
My bad, I saw an article where he sold the company but it said nothing of him retaining the position of president/CEO.


Yeah. The reporting was all over the place.

Basically Pegula founded East Resources, and had mineral rights on huge areas of what's known as the Marcellus Shale. Royal Dutch Shell bought almost all of East Resources' assets, including the very valuable mineral rights, earlier this year. That's where Pegula made his billions. He remained on as pres and CEO after the sale, which is why people still think he owns the place.


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jvaccaro6
PostPosted: Mon Dec 13, 2010 10:53 am 
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SABRESAllTheWay wrote:
I agree with what most of you are saying. Pegula is really the owner we need, and a "perfect" owner for an NHL team. Could easily be what puts us over the top and finally brings us our first cup, or at least a shot at it fairly soon.


I agree, the dude has more money than he knows what to do with. So if he wants to make the Sabres his fun hobby, and spend his money on that, I fully back him. Lets just say he takes 1/4 of what hes worth (about a billion dollars) and spends to the cap, and following the Forbes trend of the Sabres currently losing ~7M a year, adding the additonal ~5M in a player or two, that would make about an 12M dollar loss per year...yeah he could run the team for the next 75+ years and not have even lost a 1/4 of his fortune...

Kinda fun to think about eh? :)

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PuckSniperPensel
PostPosted: Mon Dec 13, 2010 11:01 am 
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Squanto wrote:
There's no way in hell the NHL disqualifies Pegula because of that. Not a chance.


Not a chance?

Quote:
I was getting a headache. We’d only been there for ten minutes, but the periodic strong whiffs of propane gas were already getting to me. “It was worse two days ago,” Yvonne Shafer explained to me, “the whole outside and inside of the house would smell like that, about every half hour. At its worst, I spent two hours in the basement because it was the only place I could breathe.”


Quote:
A 2009 EPA study of drinking water in Pavillion, Wyoming documented contamination from hydrofracking in at least 11 household wells. In Dimock, PA in 2008, a water well exploded from methane contamination from nearby hydrofracking and many others have been rendered undrinkable. A massive 6,000-8,000 gallon spill of undiluted fracking fluids on September 17, 2009 in Dimock further threatens the residents of the area.


Quote:
The findings of scientists at The Endocrine Disruption Exchange show that nearly all of those soluble chemicals are known skin, eye, and sensory organ irritants, and cause respiratory, gastrointestinal, and liver distress. Approximately 75% affect the brain, nervous system, and the cardiovascular system. Nearly half of them affect the kidneys, immune system, cause developmental difficulties, and have known ecological effects. And most importantly, a third of the chemicals are known carcinogens, endocrine disruptors, mutagens, and/or affect the reproductive system.


Quote:
We visited Yvonne’s house first. It’s a cozy little home tucked onto a hillside, surrounded by forest. Marring the secluded bliss, however, was the infernal drone of a generator nearby, which runs 24/7... We hiked up the steep hill on their property, through gorgeous old moss-carpeted forest, stepping over the many small springs and seeps that ran off of the hillside. We didn’t all make it; the propane fumes were strong and caught us by surprise. One of our group noted a feeling of burning around her mouth and nose and elected to go back to the car. I was getting a headache but we’d driven four and a half hours to see what we could see, so I was determined to get up that hill.


Quote:
A solitary worker on the site noticed us and came up the road to “see if there was a problem”. The following discourse proved very educational, as he denied that there was any problem with the noise, fumes, or water issues in the surrounding homes. “Would you light a match around here?” Dan Hill, the Cayuga HETF representative asked, thinking of the pipeline monitoring station we’d seen only moments earlier that was clearly leaking propane through a faulty seal. “Oh yeah, it’s perfectly safe.”


Quote:
Even with re-drilled wells, I still watched one of them fill a bottle of water out of his hose, shake it up and let it sit for a minute, then light the air in the bottle on fire. The Pennsylvania Department of Environmental Protection had moved him out of his home when he had first shown them that trick, because they deemed it unsafe.


Quote:
The water at the neighbor’s house still has 8.5 ppm methane in it; the Pennsylvania DEP says that the maximum allowable is 5 ppm and they’d prefer it to be under 3 ppm. And yet, nothing has been done to further remedy the situation. Running the clothes washer sets off the methane detector at their house.


There are an awful lot of people pissed off about hydrofracking. And if Pegula's drilling company ends up involved in controversy, that might be a little too close for comfort for the NHL.

All it takes is one disaster, which as history has shown, can happen with energy companies.

They're already drilling the Marcellus Shale in NY. We're talking about a shale large enough to affect MILLIONS of peoples' drinking water.

Image


Hydrofracking is the next big environmental issue. With an estimated 500 TRILLION cubic feet of natural gas in that shale, these energy companies are doing everything they can to get at it. Fast.

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Last edited by PuckSniperPensel on Mon Dec 13, 2010 11:11 am, edited 1 time in total.

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jvaccaro6
PostPosted: Mon Dec 13, 2010 11:10 am 
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God damn hippies and their need to protect the environment...a little methane never killed anyone. Tell them to go hug a tree and blow a squirrel...


{/sarcasm}

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Squanto
PostPosted: Mon Dec 13, 2010 11:32 am 
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The issue of hydrofracking is a seperate issue altogether. I'm not saying it's not a legit concern. It has nothing to do with Pegula's fitness to be an owner.

Trying to connect the two is patently absurd. Nobody outside NY/PA cares much about it. It's certainly not an issue generating tons of controversy, absolutely not enough that the NHL would give a shit.

If you were worried about the business actions of NHL team owners, you'd have to kick out about 15 of them. Jeff Vanderbeek, the guy who owns the Devils, was a VP of Lehman Brothers, a far shadier company than East Resources.


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Displaced Fan
PostPosted: Mon Dec 13, 2010 11:37 am 
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Squanto wrote:
Jeff Vanderbeek, the guy who owns the Devils, was a VP of Lehman Brothers, a far shadier company than East Resources.


Now you did it. Talking unpatriotic smack about Lehman Brothers. Now the terrorists have won! :lol:

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PuckSniperPensel
PostPosted: Mon Dec 13, 2010 12:35 pm 
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Squanto wrote:
The issue of hydrofracking is a seperate issue altogether. I'm not saying it's not a legit concern. It has nothing to do with Pegula's fitness to be an owner.

Trying to connect the two is patently absurd. Nobody outside NY/PA cares much about it. It's certainly not an issue generating tons of controversy, absolutely not enough that the NHL would give a shit.

If you were worried about the business actions of NHL team owners, you'd have to kick out about 15 of them. Jeff Vanderbeek, the guy who owns the Devils, was a VP of Lehman Brothers, a far shadier company than East Resources.


You can't kick out owners, but you can start to be picky about who you let in until the bad ones are weeded out over time.

The NHL is in no position to turn away owners. Especially for struggling franchises.

Like I said in my last post; it's unlikely that the NHL would turn Pegula away for this, but it's not impossible.

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Crosscheck
PostPosted: Mon Dec 13, 2010 12:40 pm 
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no one would even know about hydrofracking except some hand-wringers in NYC conjured up the idea their water supply was in imminent danger.

Non-issue 99% of the country has never heard of IMO.

No one earns enough money to buy an NHL franchise without stepping on some toes and hiding some skeletons.

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Squanto
PostPosted: Mon Dec 13, 2010 12:55 pm 
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PuckSniperPensel wrote:
Like I said in my last post; it's unlikely that the NHL would turn Pegula away for this, but it's not impossible.


I'd be willing to bet an entire year's salary and my house that Pegula will not be disqualified as an owner due to concerns over East Resources and hydrofracking. I personally feel that it's an absurdity to think that would be even a consideration.

The NHL wants owners that have their own money or legitimate financing, and aren't trying to dictate franchise moves to the NHL. They don't want any more owners (or potential owners) like Balsillie or Del Biaggio. That's all.


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mechaphil
PostPosted: Mon Dec 13, 2010 1:09 pm 
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Squanto wrote:
There's no way in hell the NHL disqualifies Pegula because of that. Not a chance.

Didn't want to imply that, just saying what's going on outside his bid to own the Sabres

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X-pensfan
PostPosted: Mon Dec 13, 2010 1:14 pm 
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A billionaire hockey fanatic with a deep rooted home town connection wants to buy the team. /end thread negativity.

I wouldn't start planning a Cup parade, but after what yinz went through with Rigas (I worked for Adelphia for 4 years BTW) and everything else, I think it's time to feel pretty good about the future. 8-)

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Crosscheck
PostPosted: Mon Dec 13, 2010 1:17 pm 
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mechaphil wrote:
Squanto wrote:
There's no way in hell the NHL disqualifies Pegula because of that. Not a chance.

Didn't want to imply that, just saying what's going on outside his bid to own the Sabres

Correct me if I'm wrong, but isn't Pegula filthy stinking rich because he SOLD his company to Royal Dutch Shell?

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mechaphil
PostPosted: Mon Dec 13, 2010 1:19 pm 
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Crosscheck wrote:
mechaphil wrote:
Squanto wrote:
There's no way in hell the NHL disqualifies Pegula because of that. Not a chance.

Didn't want to imply that, just saying what's going on outside his bid to own the Sabres

Correct me if I'm wrong, but isn't Pegula filthy stinking rich because he SOLD his company to Royal Dutch Shell?

Yes, but he's still the company's CEO. He was retained after selling his ownership to Royal Dutch Shell.

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Crosscheck
PostPosted: Mon Dec 13, 2010 1:24 pm 
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ahh...well still, that removes him from direct liability. A CEO does what the board tells him to.

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