Additional parties are set to be added to the Buffalo Bills’ ownership group, as Sports Business Journal writer Ben Fischer reports that “a group of business executives with ties to the state of New York” has agreed to purchase 10.6% of the team while Arctos Partners, a private firm with investments in several professional sports franchises, is set to purchase 10% of the club. Neither the Bills organization nor the NFL are allowed to comment on the investments until they’re finalized and approved, but Fischer reports that the NFL is expected to authorize the transactions.
The group of “executives” set to take over a combined 10.6% of the club, per Fischer, consists of Rob Palumbo (5.6%), Sue McCullom (1.7%), and groups led by Theresia Gouw (2%) and Tom Burger (1.4%). The Burger group also includes NBA legends Vince Carter and Tracy McGrady in addition to former United States Men’s National Team striker Jozy Altidore; their interest in a minority stake was first reported in mid-October .
Arctos Partners, per their website , is “a private investment firm focused on creating valuable solutions to complex problems.” The enterprise, per Sportico , has either directly or indirectly invested in franchises across an array of sports, including the MLB’s Boston Red Sox, NBA’s Golden State Warriors, and the NHL’s Tampa Bay Lightning; it’s also invested in international soccer clubs Paris Saint-Germain F.C. and Liverpool F.C. and the Aston Martin Formula 1 team…