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Minority Interest Sale

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"Pegula Family Considers Selling Minority Stake in Buffalo Bills"
sports1 year ago

"Pegula Family Considers Selling Minority Stake in Buffalo Bills"

The Pegula family, owners of the Buffalo Bills, is considering selling a minority interest in the team, with reports suggesting around 25 percent, though the exact figure is not confirmed. The potential sale is being facilitated by Allen & Company, and while Terry Pegula may ultimately decide against it, the increasing valuations of NFL teams and estate taxes have made sole ownership challenging. The Bills, currently valued at $3.7 billion, were purchased for $1.4 billion in 2014, and the team's new stadium costs could exceed initial projections, with the Pegulas bearing responsibility for any overruns.