Former NBA players Vince Carter and Tracy McGrady will join other investors to purchase a minor portion of Buffalo Bills. They are among many interested investors who want to have a 10.6% stake in the team.
This isn’t the only sports legend thinking of investing in an NFL franchise. Tom Brady, the famous NFL quarterback, is also seeking a share in the Miami Dolphins.
The Pegulas, who are the owners of the Bills, are selling a segment of the team to finance part of their new stadium which is going to cost over $2.1 billion.
Even though the Pegulas will retain ownership of the majority portion of the team, investment of this kind from former athletes and other investors into this team will ensure that they raise funds to finance this stadium project and secure the Bills for life in Buffalo.
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