Bills Selling 25 Percent Stake In Franchise
The Buffalo Bills are putting a minority stake in the franchise for sale with a \"working figure\" of 25 percent.
“The Pegula family has retained Allen & Company to explore the potential sale of a non-controlling, minority interest in the Bills,” the team said Friday in a statement to Graham. “These discussions only involve the Bills and no other team. No investment would be possible without Terry Pegula and the Pegula family maintaining a controlling interest in the team. Their continued commitment to Western New York, the new Highmark Stadium, our fans and the other teams in their portfolio remains unchanged.
“Neither the team nor the Pegula family are able to comment further at this point.”
Forbes estimated the Bills are worth $3.7 million in August 2023. Terry and Kim Pegula used cash to purchase the team for a then-record $1.4 billion in 2014. The Washington Commanders recently sold for $6.05 billion.