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Buffalo Bills Owner Terry Pegula to Sell 25% Stake

The Pegula family retains Allen & Co. to manage the sale, ensuring they keep controlling interest.

  • Terry Pegula is selling a 25% minority stake in the Buffalo Bills, but will maintain controlling ownership.
  • The sale aims to alleviate financial pressures from the new Highmark Stadium's rising construction costs, projected at $1.7 billion.
  • Pegula's decision follows NFL trends of owners capitalizing on skyrocketing franchise values.
  • The NFL may soon approve institutional investments, potentially influencing the sale's dynamics.
  • Allen & Co., who facilitated Pegula's original purchase in 2014, will handle the transaction.
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