Bills’ minority ownership group a positive for organization [Video]

Buffalo, N.Y. (WBEN) – After the Buffalo Bills announced back in April the organization was exploring the potential sale of a minority, non-controlling stake in the team, the National Football League approved on Wednesday a new minority ownership group that consists of 10 limited partners.

While the terms of the stakes each party will have in the minority ownership were not disclosed on Wednesday, a report from Sports Business Journal last month indicated that the private investment firm Arctos will take 10% of the team’s ownership. Meanwhile, the total percentages of ownership with the 10 limited partners is reported to make up 20.6%.

John Cimperman from Barnstorm Sports and Entertainment looks at the addition of the minority ownership group to the Bills as a positive not just for the organization, but also the community.

“The Pegula team can bring in some additional diverse backgrounds, which brings some additional diverse thoughts,” said Cimperman in an interview with WBEN. …