ORCHARD PARK, N.Y. -- Terry and Kim Pegula are one big step closer to owning the Buffalo Bills. The husband-and-wife team that owns the NHL Buffalo Sabres had its NFL-record $1.4 billion purchase agreement to buy the Bills approved unanimously by the leagues finance committee on Wednesday. "This is a very big step," NFL executive vice-president Eric Grubman said after announcing the results of the committees vote, which took place at the leagues headquarters in New York. The vote clears the way for NFL owners to formally approve the sale at league meetings on Oct. 7-8. The Pegulas will require three-quarters majority approval from the 32 owners, including the trust overseeing late Bills owner Ralph Wilsons estate. Terry Pegula made a brief statement confirming the committees approval, but declined to go into detail because the sale process is not complete. "As far as I can say, were not NFL owners until that vote is approved, and well have no further comments," he said. The thumbs-up from the finance committee comes a little over a week after Wilsons estate reached a "definitive agreement" to sell the team to the Pegulas. The agreement came a day after the Pegulas were among at least three prospective ownership candidates -- including a Toronto-based group led by rocker Jon Bon Jovi -- submitted formal bids. New York City real estate mogul Donald Trump also submitted a bid. The Bills were on the market after Wilson, the Hall of Fame team founder, died in March. The Pegulas have begun preparing themselves to become NFL owners. A person familiar with the situation told The Associated Press that the Pegulas have relinquished their involvement and are divesting their interest in Five Star Athlete Management, an Atlanta-based sports agency that represents NFL players. The person spoke on the condition of anonymity because the Pegulas have not announced their plans publicly. Terry Pegula acquired the high-profile firm headed by Todd France in 2011. NFL rules prevent owners from being involved in firms that represent league players. Though Terry Pegula is listed as the Sabres owner, his wife oversees numerous areas of the operation. Kim Pegula has played a key role in spear-heading the familys purchase of the Bills, including spending an afternoon touring Ralph Wilson Stadium in August. She is expected to have a high-ranking role with the Bills, working alongside current team president Russ Brandon. Terry Pegula has a net worth valued of over $3.5 billion, and made his fortune in the natural gas industry. In 2010, he completed a deal to sell a large portion of his company East Resources assets for $4.7 billion to Royal Dutch Shell. Pegula has since wasted little time spending a portion of that fortune on his two passions: Penn State, his alma mater, and hockey. He donated more than $100 million to build an ice arena at Penn State to establish the Nittany Lions Division I mens and womens hockey programs. Aside from purchasing the Sabres, Pegula invested $172 million to build a hockey/entertainment complex called HarborCenter across from the Sabres arena in downtown Buffalo. The Pegulas then took a highly aggressive approach in their bid to buy the Bills and ensure they stay in western New York, amid concerns the franchise could potentially relocate to Toronto or Los Angeles. The Pegulas were celebrated by fans attending the Bills home-opening 29-10 win over Miami on Sunday. Many fans carried signs and wore T-shirts paying tribute to the Pegulas. Numerous local businesses have even bought ads in local newspapers thanking the Pegulas for their commitment to the Bills and Buffalo. They also have the support of area politicians, including U.S. Sen. Charles Schumer. "Over the past week, I spoke with a number of owners on the committee, including chairman Bob McNair, and made sure they understood how serious the Pegulas are about keeping the Bills in western New York," Schumer said in a released statement. "I will continue to work over the weeks ahead to ensure that the Pegulas ownership of the team, and the Bills future in western New York, are approved by the rest of the league." Gov. Andrew Cuomo referred to the unanimous vote as an "important milestone." Adidas Stan Smith Te Koop . The Canadians led for much of the game before Argentina forced overtime in the dying seconds of the fourth quarter. Canada weathered the storm after squandering a lead with a series of made shots. "Its a fantastic win for our country with 11 first-time Canadian national team members," said head coach Roy Rana. Adidas Falcon Nederland . Woods said Friday that his charity event, which attracts a world-class field even without being part of any tour, will move in December 2014 to Isleworth, the course where he honed his professional game from 1996 until moving away to south Florida two years ago. http://www.nmdtekoop.com/ultra-boost-sneakers/ultra-boost-4-0.html . Ricciardo made it only halfway around the Jerez track before his RB10 rolled to a stop and began spouting smoke from the back. After team mechanics tended to the car, Ricciardo went back out for a mere two trips around the circuit before calling it quits. Adidas Superstar Uitverkoop . Pistorius denied the allegation that he said to the close friend of the girlfriend he killed: "How can you sleep at night?" The accusation by Kim Myers provided a bizarre twist during the trial of the world-famous double-amputee Olympian, who is facing 25 years to life in prison if convicted of premeditated murder for shooting dead Steenkamp, a 29-year-old model, at his home last year. Adidas Ultra Boost 19 Kopen . -- Augusta James of Bath, Ont.Gilmore Junio has decided to take one for the team, giving up his spot in Wednesdays 1000-metre speed skating final for Canadian teammate Denny Morrison. The three-time Olympian Morrison failed to qualify at the 1,000 distance at the Olympic trials in Calgary last month, falling just 50 metres short of the finish. But Junio, who finished 11th on Monday in his Olympic debut in the mens 500, said Tuesday its the right thing to do. “How Denny is skating now, I believe its in the best interest of the team if he races,” Junio said in a statement released by Speed Skating Canada. “To represent Canada at the Olympics is a huge honour and privilege but I believe that as Canadians, were not just here to compete; we are here to win. Denny has proven to be a consistent medal threat in the distance.” Its true Morrison is a contender at 1,000. Hes currently sixth in the World Cup standings at the distance, with a pair of fourth place finishes. In the past, hes won two silver medals at the world championships in the 1,000. The 28-year-old Fort St. John, B.C., native will try to win his first individual Olympic medal. Hes won gold and silver the last two Olympics as part of Canadas team pursuit. “This is an amazing gesture and Im ready to make the most of this opportunity,” Morrison said. Shani Davis of the United States will be gunning for another groundbreaking achievement in Wednesdays 1,000 metre race. Davis, 31, can become the first man ever to win three consecutive Olympic gold medals in speed skating, and the first American to do three straight in any Winter Gamees sport.dddddddddddd The Chicago native, who trained extensively at the Calgary Oval earlier this century, became the first African American to win Olympic gold in an individual Winter Games sport in 2006. Since then, hes set the world record at 1,000 and holds the top 10 sea level times at the distance. Given that Davis has twice won Olympic gold at 1,000 but has settled for silver twice in the 1,500, you might expect him to be more desirous of grabbing gold at the longer distance. Not so. "Those are my babies, man. I cant love one more than the other," he told The Associated Press last week. "Ive got two hands for two medals." Davis has shown signs of mortality in recent weeks. After winning the first three World Cup races at 1,000 this season, he finished third in December in Berlin to 2010 Olympic silver medallist Tae-Bum Mo of South Korea and Michel Mulder of the Netherlands. Last month, he split two races at the world sprint championships in January with Denis Kuzin of Kazakhstan. Other medal contenders include Dutch competitor Kjled Nuis and Brian Hansen, like Davis from the Chicago area. Three other Canadians join Morrison in Wednesdays race. William Dutton of Humboldt, Sask., and Muncef Ouardi each skated in the 500 metres on Monday. Dutton impressed at the sprint worlds Japan last month with a fourth place showing, although some of the worlds best elected not to travel to Japan. Vincent De Haître of Cumberland, Ont., will make his Olympic debut. The 19-year-old surprised many at the Olympic trials by posting the fastest time at 1,000. ' ' '