Change In Ownership Coming For Bills.

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The Pegula family is set to sell a small stake in the team moving forward.

The Pegula family has owned the majority share of the Buffalo Bills since 2014.

During that time, the team ended a decades-long playoff drought.

and has created one of the toughest environments to play in across the league.

Now, the Pegula’s are thinking about selling their top investment.

At least just a small part of it.

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As first reported by Sports Business Journal, Terry Pegula is going to sell about a 20 percent portion of the Bills franchise.

The minority sale includes multiple business executives who have struck an agreement to buy a 10.6 percent stake.

Private equity firm Arctos Partners will take 10 percent as part of the deal as well.

“Our focus has been on finding the right partners for our organization,” the Bills said in a statement.

“The process is ongoing, and any potential investor cannot be confirmed or finalized until it is approved by the NFL.”

This is not the first time an ownership group has sold a minority stake in the organization they own.

Philadelphia Eagles owner Jeffrey Lurie sold a minority stake in the team to a family that owns a technology firm just this year.

It is unclear when the league will vote on the sale of a minority stake in the Bills franchise will happen.

but it does show the latest trend of owners trying to receive more cash off their massive investments of their teams going forward.