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.
Israeli PM announced plans to rebuild areas near Gaza border, not build inside the territory
Iceland violent volcanic flare
MPs pay not a decision for politicians
So, you want to be an MP? These are the careers most likely to lead to Parliament
Judge drops some charges against ex
Israeli parliament approves amended 2024 budget to fund Gaza war
Russia's presidential vote starts final day with accusations of Kyiv sabotage
VOX POPULI: Our anger must never cool over ‘vital’ political fund
Bilbao and Granada left wanting more in tight
Chinese warships sail around Japan as tensions rise ahead of G7 summit
Bitcoin halving: Everything you need to know
In pictures: Auckland's Ramadan Night Markets in New Lynn