Buffalo Bills Welcome 10 New Minority Owners

The Buffalo Bills have made history by adding 10 minority owners, including NBA Hall of Famers Vince Carter and Tracy McGrady, marking the first such expansion in the franchise's history. The NFL approved these non-controlling interests at league meetings, allowing private equity firms like Arctos to invest in teams. The Pegula family, who bought the Bills for $1.4 billion in 2014, retains 79% control amidst the franchise's valuation of $4.2 billion. Other notable additions include former U.S. National Team soccer player Jozy Altidore and various business leaders from the investment sector. The NFL's new rules now permit such investments, previously restricted, leading to a trend among franchises to attract high-profile minority owners. The Bills' move reflects a broader shift in NFL ownership dynamics following recent regulatory changes.