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Billionaire Terry Pegula, the owner of NFLS Buffalo Bills and NHLS Buffalo Sabres, is not in good status with some New Yorkers after a recent video of his yacht anchored in Newport, Rhode Island, appeared.
It is normal for billionaires to be detected with these massive ships, but when the New York State taxpayers partially cover the cost of Bills’ new stadium of $ 2.1 billion in Buffalo, they take the exception of Pegula’s yacht of $ 100 million named “Top Five II.”
Some members of “Bill’s Mafia” were furious and made their opinions known on social media.
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Buffalo Bills owner Terry Pegula participates in the game against Los Angeles Rams at Sofi Stadium on December 8, 2024. (Kirby Lee/Imag- Pictures)
“Pegula’s relaxing in Newport while we pay for the stadium? It’s a clap in the face,” wrote a fan in a Reddit wire.
Another Reddit user wrote, “Love the bills, but this stadium agreement is robbery. Pegula’s pay nothing while we break.”
While some are furious, others instead point fingers at state lawmakers.
The next big tax threat comes from your state capital
“The city didn’t have to approve the deal. They did,” said an X user. “And he also put a damn good product on the field before he built a new stadium. I’m not really standing with billionaires here, but I’m just saying the city approved it. Not Terry.”
New York taxpayers combine for $ 600 million in this new Highmark Stadium construction, while Erie County taxpayers add $ 250 million to the pile.
New York -Governor Kathy Hochul visits with Bills owner Terry Pegula and his daughter, Laura Pegula, during her visit to the team’s training camp at St. John Fisher University on Thursday, July 24, 2025 in Pittsford, New York. (IMagn)
These are the most taxpayers’ money ever obliged to build an NFL facility.
There have been many critics of the agreement, especially considering that Pegula has a reported net worth of $ 7 billion. While accusing the brother’s party of the funds for the stadium, taxpayers feel that many millions could be used elsewhere, whether it is social services, education or another sector.
Adding to the frustration is the fact that the construction is $ 560 million over the original estimate.
New York Gov. Kathy Hochul, a Die-Hard Bills fan who is a resident of Buffalo, said in January 2024 that it was “hard” to adopt legislation to get taxpayers to help finance the stadium, but “we got it done.”
Buffalo Bills owner Terry Pegula goes with the team before a game against the New York Jets at Highmark Stadium on December 29, 2024. (Mark Kindenzny/Imag- Pictures)
As for the 200 -foot superyacht that Pegula owner, it was custom built and delivered in 2021 and is valued between $ 75 and $ 100 million. From designer interiors, including Louis Vuitton and Gucci, the yacht offers a glass-sided spa pool, sauna, fitness center, cinema lounge and more.
Yacht is reportedly available for charter for about $ 500,000 per year. Week.
