Three star athletes with Toronto connections are reportedly in talks to buy a minority stake in the Buffalo Bills, Sportico reported Tuesday.
Former Toronto Raptors Vince Carter and Tracy McGrady, plus former U.S. soccer and Toronto FC star Jozy Altidore are in discussions to buy minority stakes in the Bills. Sportico cited “multiple people familiar with the negotiations” in its report.
Carter, McGrady and Altidore all were in attendance at the most recent Bills home game last month, per a post shared by the team.
The Pegula family, which owns the Bills and the Buffalo Sabres, has reportedly been seeking investors. Terry Pegula and his wife, Kim, paid a then-record $1.4 billion for the Bills in 2014. Sportico values the Bills at $5.08 billion.
The Bills did not confirm or deny the report that the trio of former athletes are looking to invest in the team.
“Earlier this year, the Pegula family retained Allen & Company to explore the potential sale of a non-controlling, minority interest in the Bills. Since then, there has been a significant amount of interest, and our focus has been on finding the right partners for our organization. The process is ongoing, and any potential investor cannot be confirmed or finalized until it is approved by the NFL,” the team’s statement to Sportico’s Eben Novy-Williams said.
“The Pegula family’s continued commitment to our fans across this region and beyond, Western New York, and the new Highmark Stadium remains unchanged. Neither the team nor the Pegula family can comment any further at this point.”
The Bills are scheduled to open a new stadium across the road from their current venue in 2026.