Buffalo Bills owner Terry Pegula considers selling a 25% stake in the team due to rising stadium costs.
Buffalo Bills owner Terry Pegula is considering selling a 25% stake in the team, while maintaining a controlling interest. The sale comes as the team faces rising costs for building a new stadium, with the initial $1.4bn price-tag increasing to $1.54bn. The Pegulas, who also own the Buffalo Sabres and other sports franchises, have hired investment bankers Allen & Company to oversee the potential sale.
April 19, 2024
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