The Buffalo Bills have finalized their agreement between the trust of the late owner Ralph Wilson and the Pegula family, the owners of the Buffalo Sabres.

The sale is ubject to the approval of the NFL owners and the satisfaction of customary closing conditions, the definitive agreement calls for the Pegula family to acquire all of the interest in the Bills franchise from the Wilson trust. The parties intend to submit the agreement for approval by the NFL owners at their meeting in New York City on Oct. 8.

"This is a very important day in the history of the Buffalo Bills franchise," Buffalo Bills controlling owner Mary Wilson, Wilson's widow said. "Ralph brought professional football to Buffalo in 1959 and it was his life’s passion. He loved his team and he cherished the fans and his legacy will remain for all-time. Ralph would have been pleased with the sale of the team to the Terry Pegula family, who has been so committed to Buffalo and the Western New York region.

“I sincerely wish Terry and Kim Pegula all the best with the Buffalo Bills and I’m happy for all Bills fans. Our hope is that this great franchise brings them as much excitement and joy as it did for Ralph and that they bring home a Super Bowl championship for Bills fans everywhere. Go Bills!”

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Aaron Wilson covers the Ravens for The Baltimore Sun