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.