Pegula dissolves parent company, takes over as Sabres president amid Bills stadium plans

Terry Pegula dissolved the parent company that oversaw the Bills and Sabres.
Pegula appointed himself Sabres president with his wife unable to fulfill her duties.
The Bills are constructing a new $1.7 billion stadium set to open in 2026.
The Sabres are planning upgrades to their current arena.
Dissolving the parent company allows each team to focus on their own efforts.