Terry Pegula's desire to buy the Buffalo Bills was born out of a fear of the franchise potentially relocating.
And he was humbled by the opportunity to succeed Hall of Fame owner Ralph Wilson, who died in March.
Pegula broke down in tears numerous times during a 45-minute news conference Friday, when he and his wife Kim were formally introduced as the Bills co-owners. The Pegulas' NFL-record $1.4-billion bid was approved unanimously by league owners Wednesday.
Pegula, who also owns the NHL Buffalo Sabres, says the Bills' purchase price wasn't an issue if it meant guaranteeing the franchise staying in western New York.