The future of the Buffalo Bills is uncertain following the announcement of altered ownership intentions.
The Pegula family, who own the Buffalo Bills, have announced their plan to sell a portion of the NFL team, aiming to offload a 25% stake while maintaining majority control, according to The Athletic. They’ve hired Allen and Company to explore this potential sale, clarifying that it involves only the Bills and requires them to retain control. The statement emphasizes their ongoing commitment to Western New York, Highmark Stadium, fans, and other portfolio teams. Terry Pegula might reconsider selling the minority stake later due to the challenging nature of sole ownership amid high NFL franchise valuations and estate taxes, prompting them to seek a limited partner.
Last season showed promise for the Buffalo Bills, who reached the divisional round but were defeated by the eventual Super Bowl champions, the Kansas City Chiefs. As they approach the 2024 season, quarterback Josh Allen urges his team to evolve. Additionally, the Bills made a notable trade, sending Stefon Diggs to the Houston Texans, creating opportunities for other players like Khalil Shakir and newcomer Khalil Shakir to step up and redefine the team.
