Buffalo Bills Consider Minority Stake Sale to Vince Carter and Tracy McGrady
The potential sale involves a 25% stake as the Pegula family seeks new investors amid stadium cost concerns.
- The Buffalo Bills are in ongoing discussions to sell a minority stake, with former NBA stars Vince Carter and Tracy McGrady among the interested investors.
- The team, owned by the Pegula family, has hired Allen & Company to facilitate the sale of a stake estimated at 25%.
- The potential investors, Carter, McGrady, and former soccer player Jozy Altidore, all have professional ties to Toronto.
- The Bills are valued at $5.08 billion, with minority stakes typically selling at reduced valuations.
- The Pegulas face financial commitments due to the construction of a new $1.7 billion stadium, partially funded by public money.