Buffalo Bills owners Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the franchise, the team announced on Friday.
FILE – New York Gov. Kathy Hochul, left, Buffalo Bills owner Terry Pegula and Buffalo Mayor Byron Brown, right, participate in the groundbreaking ceremony at the site of the new Bills Stadium in Orchard Park, N.Y., June 5, 2023. Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the franchise, the team announced Friday, April 19, 2024.
The Bills also announced the sale is limited only to the Bills, and not any of the Pegulas’ other holdings, which include the NHL Buffalo Sabres, the American Hockey League Rochester Americans and National Lacrosse League franchises in Buffalo and Rochester. The Bills are responsible to cover any cost over-runs beyond $1.4 billion, according to terms of the agreement, which locked in the public share at $850 million.
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