Buffalo Bills Officially Welcome 10 New Minority Owners To Team

Speculation has been swirling all around Western New York and the NFL that the owners of the Buffalo Bills were exploring the potential to sell a stake in the team.

That speculation was thought to have been well founded, considering the Bills organization hired the investment bank Allen & Co. to help research the sale and vet potential buyers. This showed those outside the NFL that the Pegula family was serious about seeking outside investors to join the team's ownership group.

When you consider that the Bills franchise is valued at more than $5 billion according to Sportico, any investment the Pegula's could bring in would result in millions of dollars flowing back into the family's hands.

The team was looking to sell up to 20% of the team, potentially returning around $1 billion to the Pegula bank account. Considering all of the overruns with construction costs at the new Highmark Stadium are significantly increasing, this would be good for everyone involved.

READ MORE: New Buffalo Bills Stadium Construction Costs Rise Significantly

New Minority Owners Of Bills Announced By Team

On Wednesday, December 11, 2024, the Buffalo Bills organization announced something we had been waiting to confirm for weeks: adding ten new minority team owners. The new team owners range from individuals in the business world and former sports stars to investment gurus. The new limited partners/minority team owners should do a bunch to help the Bills in many areas, including marketing and cash flow.

This has been an incredible journey to add such an impressive and diverse group of limited partners along with a reputable private equity partner in Arctos that has an extensive track record of success with professional sports franchises... They all have all achieved high levels of success in their respective industries and we're grateful for their interest in our team, our sport, and the future of the Buffalo Bills. Most of them have a personal attachment with our team, Western New York or Southern Ontario which was a very important factor to me.
Terry Pegula, Owner and CEO of the Buffalo Bills

In their information release, the team issued the names and a short biography of each new team owner:

• Arctos, a private investment firm that provides bespoke growth and liquidity solutions, differentiated thought partnership and value creation services to sports franchises
• Rob Palumbo, Co-managing partner of Accel-KKR, technology-focused private equity firm
• Sue McCollum, CEO and owner of beverage distribution companies Eagle Brand Sales and Double Eagle Distributing
• Theresia Gouw, Co-founder and managing partner of the venture capital firm Acrew Capital
• Rob Ward, Co-founder, general partner of venture capital firm Meritech Capital
• Mike Joo, COO, Global Corporate & Investment Banking and Head of North America Corporate & Investment Banking at Bank of America
• Tom Burger, Co-founder and managing partner of the investment firm Gridiron Capital
• Vince Carter, Former NBA player; member of Basketball Hall of Fame
• Tracy McGrady, Former NBA player; member of Basketball Hall of Fame
• Jozy Altidore, Former US National Team Soccer Player and MLS Champion

You can read more about the new minority owners here on the Buffalo Bills website.