There are various reasons why any NFL owner might want to sell a portion of their team, especially if they currently hold all the equity. However, Bills owner Terry Pegula has a specific reason for considering this option. He is facing potential cost overruns for the team’s new stadium, which could require an additional $600 million from the Bills. By selling 25 percent of the team, Pegula could easily raise the necessary funds, as teams are now valued at over $6 billion. The challenge for Pegula would be to find a buyer who is willing to pay a fair price without demanding control. It remains to be seen if he is aiming to recover his initial investment while keeping majority ownership, or if he is setting the stage for a full exit from ownership. Depending on his intentions, Pegula may be able to secure a better price for the portion of the team he intends to sell. In the future, he may even consider bringing in a private equity fund as a partner, pending potential rule changes by the NFL.
Partial sale of Bills would help with stadium construction cost overruns
