What percentage of the Buffalo Bills are the owners selling? They listed a portion of the team for sale.
Many were surprised to learn that the Buffalo Bills were up for partial sale because the Pegula family, who bought the team in 2014, had promised to build a state-of-the-art stadium while they were rebuilding the organization.
A portion of the Buffalo Bills roster is up for grabs, per the team’s owners.
The owners, according to Tim Graham of the Athletic, did not reveal the precise value of the sale; instead, they set a 25% baseline and are using it as a “working figure.”
“The Pegula family has hired Allen & Company to investigate the possibility of selling a minority, non-controlling stake in the Bills; these talks are exclusive to the Bills and no other team.
Without Terry Pegula and the Pegula family keeping a majority stake in the team, no investment would be feasible.
Their unwavering dedication to the other teams in their portfolio, our supporters, the new Highmark Stadium, and Western New York remains unaltered.” stated Graham in a conversation.
According to Graham, Terry Pegula is selling a portion of the team since NFL valuations are at an all-time high and estate taxes complicate a single ownership scenario. “Neither the team nor the Pegula family can speak further at this juncture.”
The Washington Commanders were sold for an incredible $6.05 billion, while the Bills were valued at $3.7 billion as of August 2023, according to Forbes. The franchise was acquired in 2014 for a then-record $1.4 billion.
The Pegula family is committed to constructing a new stadium in Buffalo; however, their first estimate of the project’s cost was $1.4 billion; in reality, the stadium will likely cost closer to $2 billion, with their share coming from contributions from the State of New York and Erie County.
