Buffalo Bills Add New Limited Partners

The Buffalo Bills have made history by adding 10 limited partners to their ownership group for the first time, including NBA Hall of Famers Vince Carter and Tracy McGrady, former soccer player Jozy Altidore, and other notable figures like Sue McCollum and Rob Palumbo. This move follows the NFL's recent approval of private equity investments in franchises, with Arctos Partners acquiring a stake in the Bills. The Pegula family, who purchased the Bills in 2014 for $1.4 billion, will retain 79% control of the team, which is now valued by Forbes at $4.2 billion. The new minority owners, who have no voting power, are seen as a strategic addition to enhance the team's future and community ties. The NFL owners also approved a similar minority stake sale for the Miami Dolphins to Ares Management, indicating a shift in franchise ownership structures across the league.