ORCHARD PARK, N.Y. (AP) — Buffalo Bills owners Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the franchise, the team announced on Friday.
A person with knowledge of the decision told The Associated Press the stake in the team the Pegulas would be preparing to sell would be about 25%. The person spoke on condition of anonymity because that detail was not announced by the team. It was first reported by The Athletic.
The Bills announced the Pegulas have hired Allen & Company to oversee the process, while stressing no sale would take place without the Pegulas maintaining a controlling interest in the franchise.
The Bills also announced the sale is limited only to the Bills, and not any of the Pegulas’ other holdings, which include the NHL Buffalo Sabres, the American Hockey League Rochester Americans and National Lacrosse League franchises in Buffalo and Rochester.
She means business! Rita Ora steps out in chic tailored three
FM calls for consensus on advancing human rights
GBA integration a focus of attention at CPPCC
Wang: China addresses hotspot issues through the Chinese way
Angel Reese gushes over Caitlin Clark as she put rivalries aside at last week's WNBA Draft
Envoy calls for upholding multilateralism
NPC to review draft that clarifies nature, status of State Council
U.S. allegation of 'forced labor' in Xinjiang is huge lie: Foreign Ministry
Eric Bana gets animated during AFL game between the St Kilda Saints and the Western Bulldogs
Spirit of the Silk Road lives on in Xi'an
Emma Roberts keeps it casual in a hoodie and Dragon Ball Z t
Ice sculptures of Asian Winter Games mascot debuted on Central Street in Harbin