"Vince Carter and Tracy McGrady Team Up to Pursue Minority Stake in Buffalo Bills"

Former NBA stars Vince Carter and Tracy McGrady are part of a group vying to buy a non-controlling stake in the Buffalo Bills, with the NFL finance committee expected to review the proposal this week.

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Carter and McGrady Join Forces in Bid for Bills

According to an anonymous source with knowledge of the NFL's agenda, the finance committee will discuss the proposal for Carter, McGrady, and their group to purchase a 10.6% minority stake in the Bills during a meeting scheduled for Tuesday. This potential investment is part of a broader interest in diversifying the Bills' ownership group.

The group seeking to buy the stake includes the two former NBA stars, along with MLS player Jozy Altidore and Gridiron Capital managing partner Tom Burger. As part of the deal, another group, Arctos Partners, would also buy a 10% share, while the current majority owners, Terry and Kim Pegula, would maintain a controlling stake of more than 79%.

Additional Stakeholders and Big Names on the Agenda

In addition to Carter and McGrady's group, the NFL finance committee will also consider a bid from Ares Management, which is seeking to acquire 10% of the Miami Dolphins. Another high-profile name on the agenda is seven-time Super Bowl champion Tom Brady, who recently bought a minority stake in the Las Vegas Raiders.

Carter and McGrady: A Shared Past, New Business Venture

Vince Carter, 47, and Tracy McGrady, 45, both Hall of Fame inductees, have a deep connection, having played together as teammates for the Toronto Raptors in the early 2000s. Their shared history, along with their personal and professional accomplishments, has led them to explore a new venture as part of this group investment.

In September, Carter and McGrady attended a Bills home game and toured the site where the new stadium is being built, set to open in June 2026. Their involvement highlights the increasing interest of former athletes from various sports in investing in NFL teams.

Pegulas Explore Minority Sale

The move comes after Bills owners Terry and Kim Pegula, who also own the NHL’s Buffalo Sabres, announced in April that they were considering selling a minority interest in the team. The Pegulas’ decision is seen as a way to capitalize on the rising value of the franchise, which was recently valued at $4.2 billion by Forbes. The Pegulas initially purchased the team in 2014 for $1.4 billion, setting a then-record for an NFL team sale.

New Stadium and Financial Pressures

The Pegulas are also facing significant costs associated with the construction of the Bills' new stadium, which has now risen to over $2.1 billion. Of this, the Pegulas are responsible for $1.25 billion, including an estimated $560 million in cost overruns. However, Bills president Pete Guelli clarified that the sale of the minority stake is unrelated to the construction expenses, indicating that it is part of a broader financial strategy for the team.

The Future of the Bills and Potential Investors

As the NFL committee evaluates the proposed sale, the future of the Buffalo Bills’ ownership appears poised for change. The addition of Carter and McGrady, along with other potential investors, signals growing interest in NFL teams from outside the traditional ownership structure, opening up new opportunities for diversification in sports investments.

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