The Buffalo Bills announced that a group of limited owners have joined the team’s ownership table alongside Terry Pegula after months of speculation surrounding the topic.
It is the first time the franchise has done so.
According to the announcement, the combined total amount of limited ownership stake sold was 20 percent.
Reports of Pegula selling a minority stake dates back to this past offseason. According to the Buffalo News, The Dallas private equity firm Arctos is believed to be the biggest investor with around 10 percent.
In addition, a group led by Tom Burger which includes a few former professional athletes who all spent time playing their sport in Toronto includes Vince Carter, Tracy McGrady and Jozy Altidore.
Multiple of the new owners, including the trio of athletes, have been spotted at Bills game during the 2024 season.
The full list of minority ownership additions announced by the Bills can be found below:
We’re proud to confirm the addition of 10 limited partners to our ownership group for the first time in franchise history!
Welcome to the family: https://t.co/6w8o14HNMq pic.twitter.com/rfH0d27wL2
— Buffalo Bills (@BuffaloBills) December 11, 2024