NBA Legends Carter and McGrady Join Buffalo Bills Ownership

Private equity firms Ares Management and Arctos have made landmark investments in the NFL by acquiring minority stakes in the Miami Dolphins and Buffalo Bills, respectively. These deals, approved by the NFL, mark the first time private equity firms have been allowed to own direct stakes in NFL teams, following recent changes to ownership rules. The move is expected to lead to more similar investments as NFL team valuations continue to rise, with the average team now worth approximately $5.9 billion.