Basketball Legends Vince Carter and Tracy McGrady Make Shocking Move into NFL Ownership
Vince Carter and Tracy McGrady join the Buffalo Bills’ ownership group, marking a historic shift in NFL team ownership dynamics.
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Buffalo: Big news in the sports world! Vince Carter and Tracy McGrady, two basketball legends, are now part of the Buffalo Bills’ ownership group. How cool is that?
These guys are not just Hall of Famers; they’re diving into football as minority stakeholders. They’re joining a group of ten new investors, including former soccer star Jozy Altidore.
It’s pretty neat that McGrady and Carter are cousins and even played together on the Toronto Raptors. McGrady was there to celebrate Carter’s Hall of Fame moment just last October.
The Bills made the announcement recently, and it’s a big deal since it’s the first time they’ve brought in secondary shareholders. Terry and Kim Pegula still lead the team, but this new group is shaking things up.
Alongside Carter and McGrady, there’s also a private equity firm called Arctos in the mix. They’ve got their hands in a lot of sports pies, from the NBA to Formula One.
While we don’t know exactly how much of the team each new owner has, Forbes says the Bills are worth a whopping $4.2 billion. That’s a serious investment!
This change comes as the NFL opens up to private equity investments for the first time. It’s a new era for the league, which has traditionally kept private equity at arm’s length.
Other teams like the Miami Dolphins and Philadelphia Eagles are also getting in on the action, selling stakes to private investors. It looks like the NFL is evolving!