Incoming Sabres owner Terry Pegula will officially close on his purchase of the team from Tom Golisano and meet with the media on Tuesday. Pegula, who is buying the Sabres from Golisano for $189 million, and NHL commissioner Gary Bettman will hold a news conference at 11 a.m. ET on Tuesday at HSBC Arena. The NHL's Board of Governors approved the sale on Friday.

The NHL is expected to approve Terry Pegula's purchase of the Sabres in the next few days, opening the way for the Pennsylvania billionaire to take control next week, a person familiar with the sale told The Associated Press. The person spoke on the condition of anonymity on Thursday, because the NHL has not announced a timetable on the sale process. Pegula reached a deal earlier this month, pending league approval, to purchase the team for $189M from Tom Golisano. The Buffalo News reported the NHL's Board of Governors will officially approve the sale on Friday, according to sources.

Jeff Vanderbeek isn't looking to sell the Devils, unlike some of his partners. Vanderbeek, the managing partner of the Devils, announced Tuesday that he has no desire to sell the NHL team and expects to maintain a controlling interest. He acknowledged that he and his partners have different visions for the franchise, and that the minority owners Brick City LLC are exploring a sale. Vanderbeek says Brick City has a right under its partnership agreement to explore a sale and that it has hired Moag & Co., a Baltimore-based investment bank, to assist in its attempt to sell its share of the team. "As managing member of the New Jersey Devils, it is not my desire to sell the team," Vanderbeek said. "My partner, Brick City, and I have different visions for the franchise. While Brick City has a right, under our partnership agreement, to explore a sale and Moag and Co. has been retained to assist in these effort, I anticipate maintaining a controlling interest."

Sabres owner Tom Golisano has agreed to sell the NHL franchise to Pennsylvania businessman Terry Pegula. The team announced the agreement, but details were not released. A news conference has been scheduled for Thursday. ESPN.com's Pierre LeBrun previously reported the agreement, which is subject to league approval, includes $175 million for the Sabres and an additional $14 million in liabilities.