Buffalo Bills Add Limited Partners in Historic Ownership Shift

Terry Pegula sells 20% of the franchise to a diverse group of investors, marking a first for the NFL team.

NFL owners unanimously approved the Buffalo Bills' addition of limited partners, the first in the franchise's history.
Terry Pegula retains 79% control of the team while selling approximately 20% to a group that includes private equity firm Arctos and notable individuals like Vince Carter, Tracy McGrady, and Jozy Altidore.
The Bills were valued at over $4.5 billion for the transaction, with Pegula receiving more than $927 million from the sales.
The new investors were selected based on financial qualifications, ties to the region, and their potential contributions to the team's growth and business strategy.
This move aligns with a recent NFL rule change allowing private equity investments, with the Bills and Dolphins among the first teams to take advantage of the policy.