Present at the Hall Of Fame in October, Tracy McGrady And Vince Carter had recounted their emotion at finding themselves together at the Basketball Hall of Fame, after having started their careers together in Toronto.
Today, they are joining forces on another type of terrain since the Buffalo Bills (NFL) franchise has confirmed, in a press releasethat the two cousins, as well as the former American football star Jozy Altidore, were among the new investors.
Currently owned by the Pegula family, the franchise has been seeking investors, and earlier in the year the Bills hired an independent firm to explore the sale of a non-controlling interest, estimated at around 25 percent. This is the first time that the franchise has opened its capital to “small” investors.
Magic Johnson is Vince Carter's role model
According to the estimates of Forbesthe Bills' valuation is estimated at $4.2 billion, which places it 26th out of 32 in the NFL. Vince Carter, Tracy McGrady and Jozy Altidore all have ties to nearby Toronto, where the Bills played a half-dozen regular-season games. Because it has relaxed its investment system, the NFL has once again become attractive to minority shareholders.
This year alone, former American Olympic gymnast Dominique Dawes, along with other investors, acquired a stake in the Atlanta Falcons. As for Tom Brady, he is awaiting approval from the NFL to take a minority stake in the Las Vegas Raiders.
A year ago, Magic Johnson participated in the acquisition of the Washington Commanders and Vince Carter mentioned Magic Johnson as a source of inspiration for his financial projects.
