The Buffalo Bills are owned by Terry and Kim Pegula.
The couple purchased the franchise in 2014 for 1.4 billion dollars.
That sale came after longtime owner Ralph Wilson passed away earlier that year.
Terry and Kim Pegula also own the Buffalo Sabres of the NHL.
By 2026 the Bills were competing every season behind quarterback Josh Allen.
This article breaks down the ownership structure, the purchase history, and what the franchise is worth today.
| Category | Details |
| Owners | Terry and Kim Pegula |
| Ownership Since | 2014 |
| Purchase Price | 1.4 billion dollars |
| 2026 Franchise Valuation | Roughly 5.95 billion dollars |
| League | National Football League |
| Home Stadium | Highmark Stadium, Orchard Park, New York |
| Other Team Owned | Buffalo Sabres, NHL |
| Previous Owner | Ralph Wilson, founder |
NFL Franchise
NHL Franchise
Arctos Partners, Vince Carter, Tracy McGrady, Jozy Altidore
Table of Contents
Who Are Terry and Kim Pegula
Terry Pegula made his fortune drilling natural gas in the Marcellus Shale region of Pennsylvania.
He sold his energy company, East Resources, in 2010 for a reported 4.7 billion dollars.
Kim Pegula co owns the teams alongside her husband and has held executive roles across the organization.
The couple splits their time between Boca Raton, Florida, and Buffalo, New York.
How the Pegulas Bought the Buffalo Bills
Ralph Wilson founded the Bills in 1959 and owned the team until his death in March 2014.
Wilson’s estate placed the franchise up for sale later that same year.
The Pegulas outbid several other groups, including one led by Donald Trump.
NFL owners unanimously approved the 1.4 billion dollar sale in October 2014, according to Wikipedia.
At the time it was the highest price ever paid for an NFL franchise.
The record price signaled just how valuable NFL franchises had become even in smaller media markets.
Are Terry and Kim Pegula Good Owners
Bills fans largely credit the Pegulas with turning around a franchise that had struggled for years.
The team ended a lengthy playoff drought within a few seasons of the sale.
Quarterback Josh Allen developed into an MVP caliber player under their ownership.
The Pegulas also committed significant funding toward the new Highmark Stadium project.
Some critics point out the franchise has not yet reached a Super Bowl since the Pegulas took over.
Local businesses around Orchard Park also benefited from the economic activity tied to the ownership group.
Are the Bills For Sale in 2026
The Buffalo Bills are not for sale in 2026.
Terry and Kim Pegula have repeatedly stated their intention to keep the team within the family.
The Pegulas sold a minority stake in December 2024 rather than the full franchise.
That move raised capital while keeping majority control firmly with the Pegula family.
The 2024 Minority Stake Sale Explained
In December 2024 the Pegulas sold a 20.6 percent stake in the Bills to outside investors.
The sale valued the franchise at roughly 5.6 billion dollars.
Private equity firm Arctos Partners purchased a 10 percent stake as part of the deal.
Former athletes Vince Carter, Tracy McGrady, and Jozy Altidore also bought small shares.
The transaction followed the NFL’s 2024 decision to permit private equity investment in its teams.
How Much Are the Buffalo Bills Worth in 2026
Sportico valued the Buffalo Bills at about 5.95 billion dollars in its 2026 rankings.
That figure placed the Bills 25th among the league’s 32 franchises.
The valuation climbed roughly 42 percent in a single year, the sharpest gain in the NFL.
Analysts point to sustained playoff success and the new stadium as the main drivers of that surge.
The full team by team breakdown is also available on the Forbes valuations page.
Rising television revenue across the league has also lifted valuations for every NFL franchise, not just Buffalo.
Inside the New Highmark Stadium
The Bills opened a new Highmark Stadium in Orchard Park during the 2026 season.
The venue replaced the aging stadium the team had used since 1973.
Architecture firm Populous designed the new open air facility.
Public funding covered a large share of the project alongside significant Pegula investment.
The Pegulas Also Own the Buffalo Sabres
Terry and Kim Pegula purchased the Buffalo Sabres in 2011, three years before buying the Bills.
Owning both teams made the Pegulas the dominant sports ownership family in western New York.
The Sabres and Bills share marketing resources and community programs.
Pegula Sports and Entertainment oversees both franchises under one corporate umbrella today.
What Happens to the Bills After Terry and Kim Pegula
Terry Pegula has spoken publicly about eventually passing control of the team to his children.
The family had not announced a formal succession plan as of 2026.
Minority investors such as Arctos Partners cannot force a full sale under NFL rules.
Any future sale of a controlling stake would require approval from 24 of the league’s 32 owners.
Fans in Buffalo have generally welcomed the idea of eventual family succession over an outside sale.
How Buffalo Bills Ownership Compares to Other NFL Teams
Most NFL franchises remain under single family ownership, similar to the Bills.
Teams like the Dallas Cowboys carry a far higher valuation than the Bills despite similar league rules.
Smaller market teams like Buffalo rely more heavily on league wide revenue sharing.
A broader look at how the league itself is structured is covered in this guide to who owns the NFL.
Frequently Asked Questions
Who owns the Buffalo Bills in 2026?
Terry and Kim Pegula own the Buffalo Bills in 2026.
How much did the Pegulas pay for the Buffalo Bills?
The Pegulas paid 1.4 billion dollars for the Buffalo Bills in 2014.
How does NFL ownership compare to a global body like FIFA?
NFL teams like the Bills are owned by private individuals or families, unlike the member association model used by FIFA.
What is the Buffalo Bills 2026 valuation?
The Buffalo Bills were valued at about 5.95 billion dollars in 2026 according to Sportico.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.