Buffalo, N.Y. (WBEN) - It appears the Buffalo Bills could have a minority ownership deal in place by the end of the year.
According to a report from Sports Business Journal on Friday, the NFL will look to ensure the sale of a minority portion of the Bills in a private equity deal before 2024 comes to a close. NFL commissioner Roger Goodell called a special owners meeting to ensure that any resulting team minority stake sales to private equity funds can close before the end of the year.
Most around the league expected this matter to be addressed at the regular owners' meeting set for Oct. 15-16 in Atlanta. However, over the summer, dealmakers indicated that timing would almost certainly push final transactions into 2025, which they want to avoid for tax purposes.
The NFL will next hold a special owners meeting on Tuesday, Aug. 27 to discuss this deal and several similar proposals across the league.
It was back in April when the Bills originally disclosed that the Pegula family hired private bank Allen & Company to handle the potential transaction of a non-controlling, minority interest in the Bills.
An original report from Tim Graham of The Athletic said the working figure of the stake was 25%, but the number was not yet set in stone.
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