Buffalo Bills Add NBA Legends as Limited Partners

In a historic move, the Buffalo Bills have introduced their first group of limited partners, including Basketball Hall of Famers Vince Carter and Tracy McGrady, and soccer star Jozy Altidore. This initiative follows the NFL's new private equity rules, allowing institutional investors to hold stakes in teams. The Pegula family, owners of the Bills, secured a $1 billion investment by selling a 20% stake, which includes a partnership with Arctos Partners. Carter and McGrady's entry into NFL ownership is part of a trend where former athletes invest in sports franchises. Despite these changes, Terry and Kim Pegula maintain majority control with over 79% of the franchise. The addition of these high-profile investors is expected to bolster the Bills' strategic and financial positioning as they aim for a Super Bowl run.