IRVING, Texas (AP) — NBA Hall of Famers and former Toronto Raptors Vince Carter and Tracy McGrady are among 10 limited partners who have joined the Buffalo Bills’ ownership group.
IRVING, Texas — NBA Hall of Famers and former Toronto Raptors Vince Carter and Tracy McGrady are among 10 limited partners who have joined the Buffalo Bills’ ownership group.
Terry and Kim Pegula bought the Bills for $1.4 billion from the estate of late Hall of Fame owner Ralph Wilson in 2014. Forbes most recently valued the Bills at $4.2 billion. The Pegulas will retain 79% control of the team, a person with knowledge of the sale told The Associated Press. The person spoke to the AP on condition of anonymity because the Bills haven't revealed details.
The remaining seven partners, pending final closing of the agreements, include: Private investment firm Arctos, Rob Palumbo, co-managing partner of Accel-KKR; 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 and Investment Banking and...
Other teams also are in the process of finalizing the addition of limited partners. Seven-time Super Bowl champion Tom Brady already purchased a minority stake in the Las Vegas Raiders in a deal approved by NFL team owners in October.
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