In a historic move for the Buffalo Bills, owners Terry and Kim Pegula have added 10 limited partners to their franchise ownership group, marking the first time in the team’s history that minority owners have been included. Among the headline-grabbing names? Basketball Hall of Famers Vince Carter and Tracy McGrady, bringing star power from the hardwood to the gridiron.
For the first time in their franchise history, the Bills added 10 limited partners to their ownership group. pic.twitter.com/cftCI8ejLt
— Adam Schefter (@AdamSchefter) December 11, 2024
The Pegulas, leveraging the NFL’s new private equity rules, secured a significant $1 billion cash injection through the sale of 20% of the franchise. This includes a partnership with Arctos, the only firm allowed to invest across all five major North American sports leagues. Terry Pegula’s words? “This has been an incredible journey to add such an impressive and diverse group of limited partners.”
The addition is not just financial but strategic, with investors from tech, venture capital, and global banking also onboard. The move reinforces the Bills’ position as a rising NFL powerhouse on and off the field.
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