The Buffalo Bills are up for sale. Well, at least a portion of the franchise is.
It was reported by The Athletic that Bills owner Terry Pegula is willing to sell 25 percent of the team. That number isn’t “set in stone” just yet, though.
The Bills already confirmed the Pegula family has hired an investment banker to help explore a potential sale.
“The Pegula family has retained Allen & Company to explore the potential sale of a non-controlling, minority interest in the Bills,” the team said. “These discussions only involve the Bills and no other team.” No investment would be possible without Terry Pegula and the Pegula family maintaining a controlling interest in the team. Their continued commitment to Western New York, the new Highmark Stadium, our fans and the other teams in their portfolio remains unchanged.
“Neither the team nor the Pegula family are able to comment further at this point.”
The Athletic has reported there’s no guarantee Pegula will sell part of the Bills. However, it’s worth noting that he’s finally open to doing so.
Terry and Kim Pegula purchased the Bills in 2014. They spent $1.4 billion on the team, which was a record at that time.
NFL teams are much more expensive today. With that said, it’ll cost a lot of money just to be a part owner of the Bills.