The Pegula family has owned the Buffalo Bills since 2014, and under their leadership, the team has ended a long playoff drought and become one of the most challenging teams to face in the NFL. However, the Pegulas are now considering selling a small portion of their ownership. According to Sports Business Journal, Terry Pegula plans to sell around 20% of the Bills, with business executives purchasing a 10.6% share and the private equity firm Arctos Partners acquiring 10%.
The Bills released a statement explaining that they have been focusing on finding the right partners for the team, but emphasized that the sale cannot be finalized until the NFL approves any potential investors. This is not the first time an NFL team has sold a minority stake. Earlier this year, Philadelphia Eagles owner Jeffrey Lurie sold a minority share to a family with a technology company.
The Bills franchise is currently valued at approximately $5 billion, according to Sportico. Pegula bought the team in 2014 for $1.4 billion. While it’s unclear when the NFL will vote on the sale, this move reflects a growing trend among team owners looking to cash in on their high-value investments.
This sale also mirrors a wider trend of owners seeking additional capital from their teams. As owners like the Pegulas look to increase their financial returns, similar moves may become more common in the future.
