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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.
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