Arctos Is in Talks to Buy Minority Stake in the NFL's Buffalo Bills [Yahoo! Finance Canada]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Yahoo! Finance Canada
in the National Football League's Buffalo Bills, according to people with knowledge of the matter. Most Read from Bloomberg The firm, led by managing partner Ian Charles, 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. A representative for the Buffalo Bills said the team's sale of a non-controlling, minority stake remains ongoing and “any potential investor cannot be confirmed or finalized until it is approved by the NFL.” The Bills representative added the Pegula family remains committed to Bills fans and its new Highmark Stadium, and declined to comment further. A representative for Arctos declined to comment. In August, NFL owners voted to allow private equity investors to own as much as 10% of a team. Firms already approved to buy stakes are Arctos Partners, Ares Mana
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