Buffalo, NY (WBEN) Bloomberg is quoting sources who say another group is interested in a minority stake in the Buffalo Bills. This follows another bid involving Toronto-based athletes.
Arctos Partners, a private equity firm, based out of Dallas, is said to be interested in a stake in the NFL franchise, according to Bloomberg.
Bloomberg says Arctos has been negotiating with Bills owner Terry Pegula, but nothing has bene finalized.
Last month, several athletes who played in Toronto expressed an interest in a minority stake in the Bills, including former Raptor Tracy McGrady. Vince Carter and McGrady were recently in Western New York a few weeks ago to take in the Bills’ matchup with the Jacksonville Jaguars back on Sept. 23 at Highmark Stadium in Orchard Park.
In August, the NFL allowed pre-approved investment groups to buy up to a 10% stake in NFL teams. According to The Athletic, the Pegulas were looking to …