Deals
Arctos Is in Talks to Buy Minority Stake in the NFL’s Buffalo Bills
- Firm in discussions to buy a stake from Terry Pegula
- NFL owners approved private equity investors in August
Photographer: Maddie McGarvey/Bloomberg
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Investment firm Arctos Partners is in talks to acquire a minority stake in the National Football League’s Buffalo Bills, according to people with knowledge of the matter.
The firm, led by co-managing partners Ian Charles and David O’Connor, is in discussions to buy a stake from controlling owner, billionaire Terry Pegula, said the people, who requested anonymity to discuss confidential information. A transaction hasn’t been agreed to and it’s possible another suitor, or suitors, could emerge.