Buffalo Bills Ready To Welcome New Minority Owners

News Broke earlier in the year that the owners of the Buffalo Bills were exploring the potential to sell a stake in the team. At that time, the team hired the investment bank Allen & Co. to help research the sale and vet potential buyers. This would be a key step for the Bills as the franchise is valued at more than $5 billion by Sportico. If the Pegula's sell 20% of the team to a minority ownership group, that could return around $1 billion to the family's hands.

This would be a much-needed cash infusion for the team and the Pegula's, especially since construction costs at the new Highmark Stadium are significantly increasing.

READ MORE: New Buffalo Bills Stadium Construction Costs Rise Significantly

But if the team does sell, to whom would they sell to, and exactly how much is on the table?

New Bills Owners Potentially Identified

According to Buffalo Business First, at least two groups seem to be in the running to purchase a minority stake in the Buffalo Bills.

In addition to the group of investors that include Jozy Altidore, Vince Carter and Tracy McGrady, who is in the market for around 1.5% of the team, the private equity firm Arctos Partners is looking to acquire 10%. Investors and venture capitalists Rob Palumbo, Theresia Gouw, and Sue McCollum are also looking to buy into the team individually at various percentages.

When you add all the percentages together, 19.9% of the team would be owned by people or entities outside the Pegula family. While these owners would be minority owners with no control and authority over the team, it's a big feather in someone's cap to say you own an NFL team.

Now we wait to see if the speculation is confirmed.