Former NBA teammates and Hall of Famers Tracy McGrady and Vinca Carter have invested in the Buffalo Bill’s organization, which is currently valued at $4.2 billion, per Forbes.
According to a post shared on the team’s official Instagram account, the Bills announced 10 limited partners to join the franchise, marking the first time the team has added limited partners. According to ABC News, the group was approved on Dec. 11, 2024, by owners Terry and Kim Pegula, who purchased the team for $1.4 billion in 2014 and will retain a 79% stake.
The Buffalo Bills’ ownership group now includes three former Black professional athletes: McGrady, Carter, and former U.S. Men’s National Team soccer player Jozy Altidore.
Check out the breakdown below.
McGrady
McGrady is no stranger to the world of business. After retiring from the league in 2013 with $130 million in career earnings, he expanded his portfolio into real estate, cryptocurrency, and, unsurprisingly, sports — investing in a sports agency, notes CNBC. In 2022, he self-funded Ones Basketball League, described as a one-on-one basketball league, according to its website.
“I’ve always invested in other people’s ideas and other people’s vision,” McGrady told CNBC. “Not once did I ever trust mine. I didn’t have the confidence to think mine was good enough. I didn’t trust my ideas or decision-making when it came to my vision.”
He added: “This is the first time I actually trusted and believed that I can pull this off.”
Now, McGrady is scaling his interests in the sports sector through ownership.
“I’m excited to share that I’ve joined the Buffalo Bills organization as a minority owner—a dream come true for me and my family,” Grady said in a statement shared on the team’s Instagram page. “Sports have been a lifelong passion, and the chance to contribute to such a top-tier organization is a true honor. After meeting the Pegulas, understanding their vision, embracing their values, and sharing their commitment to winning, this decision felt natural. I’m incredibly proud to be part of this journey.”
Carter
Carter, who played alongside McGrady for two seasons, has a spirit of entrepreneurship that he showcased throughout his time in the league, with endorsements from major brands such as Nike, Wilson, Gatorade, EA Sports, and T-Mobile, according to his website.
Beyond these achievements, he has maintained a strong interest in giving back. When he was drafted in 1998, as the fifth overall pick in the first round, he established the Embassy of Hope Foundation, dedicated to improving the lives of families in Florida, New Jersey, and Toronto. For over 25 years, the foundation has organized numerous charity events to fund local programs and distribute countless food baskets.
Now, as a minority owner, Carter sees new opportunities to better communities.
“It’s a huge honor to join this historic Bills organization. I’m truly thankful the Pegula family has given me the opportunity to help the franchise continue to grow and thrive in player growth, community service, and of course winning the Lombardi trophy. See you soon Bills Mafia,” Carter stated, according to a statement shared on the team’s page.
Altidore
Altidore has wrapped up 2024 the same way he began — with two notable investments tied to sports. In February 2024, it was announced that he had invested in Sogility, a technology-powered soccer training center co-founded by Chris McGrath and Jimmy Carson, according to its website.
Now, he is attached to the Buffalo Bills, referring to the feat as a “dream come true.”
“Having played and won an MLS championship in nearby Toronto, I’ve been a huge Bills fan for many years. It’s always been a goal of mien to become part of professional sports ownership, so this opportunity to join the Buffalo Bills family is an incredible honor and dream come true,” Altidore expressed.
