Pegula's bid for Bills approved by finance committee

The Buffalo Bills are on the verge of being officially purchased.

Terry Pegula met with the NFL finance committee on Wednesday and his $1.4 million bid was approved unanimously. NFL executive vice president Eric Grubman characterized it as "a very big step" toward finalizing the sale.

“As far as I can say, we’re not NFL owners until that vote is approved, and we’ll have no further comments,” Pegula said.

Pegula still needs 75 percent of the vote from NFL owners on Oct. 7 and Oct. 8. That's not expected to be a problem.

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Aaron Wilson covers the Ravens for The Baltimore Sun

Aaron Wilson
Aaron Wilson covers the NFL for National Football Post, his second stint at the Post. He has previously written for Pro Football Talk and FOX Sports-Scout. Entering his 13th year covering the Baltimore Ravens, he's a beat writer for The Baltimore Sun. Wilson has also covered the Jacksonville Jaguars and Tennessee Titans.

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