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NBA Legends Carter and McGrady Join Buffalo Bills Ownership

1 min read
Source: Financial Times
NBA Legends Carter and McGrady Join Buffalo Bills Ownership
Photo: Financial Times
TL;DR

Private equity firms Ares Management and Arctos have made landmark investments in the NFL by acquiring minority stakes in the Miami Dolphins and Buffalo Bills, respectively. These deals, approved by the NFL, mark the first time private equity firms have been allowed to own direct stakes in NFL teams, following recent changes to ownership rules. The move is expected to lead to more similar investments as NFL team valuations continue to rise, with the average team now worth approximately $5.9 billion.

Topics:sportsbusiness#ares-management#business#investments#nfl#private-equity#sports-teams
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  1. Private equity firms Ares and Arctos buy NFL team stakes  Financial Times
  2. Ex-NBAers Carter, McGrady join Bills ownership  ESPN
  3. Basketball Hall of Famers Vince Carter, Tracy McGrady join Bills ownership group  Yahoo Sports
  4. NFL news roundup: NBA greats Vince Carter, Tracy McGrady added to Bills ownership group  NFL.com
  5. Buffalo Bills welcome 10 new limited partners to ownership group  BuffaloBills.com

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