Bills owner Terry Pegula explores selling non-controlling, minority stake in franchise

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Bills News

Construction Costs,Franchise,Minority

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 franchi

A Florida man is in critical condition after setting himself on fire at a New York City park shortly after posting manifesto online.Buffalo Bills owner Terry Pegula walks on the sidelines during an NFL football game against the Miami Dolphins, Sunday, Sept. 25, 2022, in Miami Gardens, Florida. The NFL Bills and NHL Sabres will operate as separate entities after the teams' owner Terry Pegula dissolved their parent company.

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 are responsible to cover any cost over-runs beyond $1.4 billion, according to terms of the agreement, which locked in the public share at $850 million.

Source: Loan Digest (loandigest.net)

Construction Costs Franchise Minority Non-Controlling Pegula Selling Stake

 

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