Carter and McGrady Pursue Stake in Bills
Carter and McGrady Pursue Stake in Bills

Carter and McGrady Pursue Stake in Bills

News summary

Former NBA stars Vince Carter and Tracy McGrady are part of a consortium seeking to acquire a non-controlling minority stake in the Buffalo Bills, as confirmed by a source familiar with the NFL finance committee's agenda. The group, which includes MLS player Jozy Altidore and Gridiron Capital's Tom Burger, aims to purchase 10.6% of the team, with another group, Arctos Partners, seeking an additional 10%. The Bills' owners, Terry and Kim Pegula, will retain over 79% control following the sale, which is part of a strategy to capitalize on the franchise's increasing value, recently estimated at $4.2 billion. The NFL finance committee will also review Ares Management's bid for a 10% stake in the Miami Dolphins and will discuss Tom Brady's recent acquisition of a minority share in the Las Vegas Raiders. The Pegulas, who also own the NHL's Buffalo Sabres, had previously announced intentions to explore selling a minority interest amid rising construction costs for a new stadium set to open in June 2026.

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