Two NBA legends become new shareholders of NFL Buffalo Bills

vince carter and Tracy McGradyBasketball Hall of Fame members and National Basketball Association (NBA) legends were announced this Wednesday as part of the NBA’s new group of minority partners. buffalo bills of the NFL.

Bills owner Terry Pegula said, “In addition to a highly reputable private equity partner like Arctos, who has a strong track record of success with professional sports franchises, we have such an impressive and diverse group of limited partners. It’s been an incredible journey adding the group.”

The participation was approved at the NFL team owners meeting in Dallas, Texas.

In addition to Mr. Carter and Mr. McGrady, Jozy Altidore, a former U.S. national soccer player and member of several Major League Soccer (MLS) teams, is also part of a group of Bills minority owners.

The new partners are part of Arctos, a private investment firm that provides customized growth and liquidity solutions, differentiated thinking partnerships, and value creation services for sports franchises.

This marks the first time in the Buffalo Bills’ history, founded in 1959, that the franchise has opened its doors to minority owners, and moves at two other franchises were also announced at the NFL team owners meeting.

The league has approved the sale of an 8% stake in the Philadelphia Eagles to two investment groups at a valuation of $8.3 billion. The team’s current owner, Jeffrey Lurie, will retain exclusive control of the franchise.

In the case of the Miami Dolphins, the NFL has a 10% stake in Ares Management Fund, a global investment management company, and a 3% stake in Joe Tsai and Oliver Weisberg, owners of the NBA’s Brooklyn Nets. Approved to participate.

“I couldn’t be more pleased to welcome Ares, Joe Tsai and Ollie Weisberg to our investment group,” said Dolphins owner Stephen Ross. “They bring valuable experience and innovation to our investment group. “It will bring us a common commitment.”