Reports indicate that the Pegula family, who own the Buffalo Bills, are considering selling a minority stake in the team. Although the Bills have confirmed the move, they haven’t revealed the exact percentage for sale. However, insiders suggest it could be around 25%, although this is subject to change.
Reports indicate that the Pegula family, owners of the Buffalo Bills, are considering selling a minority stake in the franchise. The exact percentage hasn’t been disclosed, but it’s speculated to be around 25%, although this could change. The team clarified that they are only exploring the sale of a non-controlling interest and that their commitment to the franchise and fans remains strong. While Terry Pegula may entertain offers to become a limited partner, no decision has been made yet. The decision to explore selling a portion of the team is influenced by the increasing value of NFL franchises and the challenges of sole ownership, including estate taxes. The recent sale of the Washington Commanders for $6.05 billion highlights the rising value of NFL teams. However, unlike other leagues, the NFL prohibits owners from selling limited partnership stakes to private equity firms. The Pegulas are also facing potential cost overruns for the Bills’ new stadium, which could exceed $2 billion.
HEARTBREAKING NEWS:Reportedly, a quarter of the team’s ownership is set to be put up for sale according…
