Buffalo Sabres owners Terry and Kim Pegula are close to being the new owners of the Buffalo Bills.
NFL Insider Adam Schefter reported on Tuesday that the couple had teached a tentative agreement.
The estate must get the approval of the NFL before the sale to the Pegulas can be completed. This could come within the next week.
The Pegulas would require approval from members of the NFL Finance Committee and would have to go through an extensive background check by an NFL-contracted security firm.
The final step would be approval from three-quarters of the league's 31 other owners, which could come as early as next month.
Under NFL regulations the Pegulas can own both the Sabres and the Bills since they are both in the same market.
The Pegulas were regarded as the front-runners to buy the Bills. They have owned the Sabres since 2011. They have a net worth of more than $3.5 billion and the support of local business leaders and public officials.
The Bills are up for sale after the original owner and founder Ralph Wilson died in March. The sale price is expected to exceed $1 billion.
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