Bills, Dolphins make history by selling minority stakes to private equity firms

Buffalo sold a stake to Arctos Partners, while Ares Management is acquiring a piece of the Dolphins.

The Buffalo Bills and Miami Dolphins made National Football League history on Wednesday as they became the league’s first clubs to

Buffalo, who have a commanding four-game lead over Miami in the AFC East division with four weeks left in the regular season, sold a stake to Arctos Partners while Ares Management is acquiring a piece of the Dolphins.In August, NFL owners voted to allow its 32 teams to pursue private equity funding, albeit only with pre-approved firms and only up to 10% of the franchise.

Also among the group added to the Bills’ ownership are Basketball Hall of Famers Vince Carter an Tracy McGrady and former US national team soccer player Jozy Altidore.

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