BREAKING: Buffalo Bills Owner Puts Team Up For Sale Weeks After Raising Ticket Prices – Gridiron Heroics

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The Buffalo Bills are reportedly exploring a deal to sell part of the team. The report comes weeks after the Bills announced they were hiking ticket prices. The Bills appear strapped for cash following a remarkable run of making the playoffs in six of the previous seven seasons.

Buffalo Bills ticket prices are going up

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Jan 21, 2024; Orchard Park, New York, USA; Buffalo Bills quarterback Josh Allen (17) runs the ball against the Kansas City Chiefs in the first half of a 2024 AFC divisional round game at Highmark Stadium. Mandatory Credit: Mark Konezny-USA TODAY Sports

Per GH media, the prices are going up substantially as the team prepares to open their new stadium for the 2026 season:

“season ticket prices are going up by as much as $50,000 per seat:

“According to the Buffalo News, the season ticket prices are going for about $15,000 to $50,000 per seat. These are the top seats meaning the suites and club seats. This is a huge increase from the current prices for fans. This does not come as a huge surprise as the new stadium will be much nicer. However, this will stop many of their biggest and longest fans from being able to purchase the season tickets each year.”

Terry Pegula is exploring options to sell part of the team

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Dec 17, 2023; Orchard Park, New York, USA; Buffalo Bills owner Terry Pegula walks the field before the game against the Dallas Cowboys at Highmark Stadium. Mandatory Credit: Gregory Fisher-USA TODAY Sports

Building the stadium has come at a higher cost than Terry Pegula was expecting. According to Tim Graham with The Athletic, the Pegulas must foot the bill to the tune of nearly $600 million after the costs of the new stadium went over budget.

Per Graham, the Pegulas are putting a non-controlling, minority interest of the Bills up for sale:

The Pegulas are putting a chunk of the Buffalo Bills up for sale.

The Bills confirmed to The Athletic that owner Terry Pegula has hired Florida-based investment bankers Allen & Company to handle the potential transaction but declined to say how much of the team is being sold. A source briefed on the discussions said the working figure is 25 percent, with the number not set in stone.

The Pegulas might not sell

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Oct 8, 2023; London United Kingdom, Buffalo Bills owner Terry Pegula attends an NFL International Series game against the Jacksonville Jaguars at Tottenham Hotspur Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports

The Pegulas could ultimately decide not to sell any stake in the Bills. But for now, it’s an option.

The Bills’ valuation (Forbes values them at $3.7 billion, 30th in the league) is much lower than that of the average NFL team. The cost of the new stadium is worth more than half of Pegula’s team.

One shouldn’t feel too sorry for the Pegulas, the Bills are worth $1.3 billion more than what they bought it for in 2014.

Bills fans should expect season ticket prices to continue to climb in successive years. Hopefully, the team on the field will stay competitive.

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