Bills owners Terry and Kim Pegula have a minority share of the team up for sale
The rumors are in fact true…. A minority stake in the Buffalo Bills has been listed for sale.
The Buffalo Bills confirmed the news to Tim Graham of TheAthletic.com but declined to reveal how much of the team is for sale.
The number is not set in stone, but it is believed to start at 25 percent.
“The Pegula family has retained Allen & Company to explore the potential sale of a non-controlling, minority interest in the Bills,” the team said Friday in a statement to Graham. “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.
As a die-hard Bills fan, I am pretty confident the team will remain in Buffalo with a new stadium being built, but it is very hard to have just one owner of these billion-dollar franchises nowadays. So it will be interesting to see who will step up and buy a portion of the Bills.
NFL Draft Diamonds was created to assist the underdogs playing the sport. We call them diamonds in the rough. My name is Damond Talbot, I have worked extremely hard to help hundreds of small school players over the past several years, and will continue my mission. We have several contributors on this site, and if they contribute their name and contact will be in the piece above. You can email me at nfldraftdiamonds@gmail.com