Vince Carter, Tracy McGrady among 10 limited partners joining Bills' ownership group

NBA Hall of Famers Vince Carter and Tracy McGrady are among 10 limited partners who have joined the Buffalo Bills' ownership group.

The noncontrolling, minority interests were approved Wednesday by NFL team owners at the league's winter meetings. This is the first time in franchise history that minority owners have been added.

Terry and Kim Pegula bought the Bills for $1.4 billion US from the estate of late Hall of Fame owner Ralph Wilson in 2014. Forbes most recently valued the Bills at $4.2 billion. The Pegulas will retain 79 per cent control of the team, a person with knowledge of the sale told The Associated Press. The person spoke to the AP on condition of anonymity because the Bills haven't revealed details.

Former U.S. National Team soccer player and MLS Champion Jozy Altidore is among the new limited partners.

The remaining seven partners, pending final closing of the agreements, include: Private investment firm Arctos, Rob Palumbo, co-managing partner of Accel-KKR; Sue McCollum, CEO and owner of beverage distribution companies Eagle Brand Sales and Double Eagle Distributing; Theresia Gouw, co-founder and managing partner of the venture capital firm Acrew Capital; Rob Ward, co-founder, general partner of venture capital firm Meritech Capital; Mike Joo, COO, Global Corporate and Investment Banking and Head of North America Corporate and Investment Banking at Bank of America; Tom Burger, co-founder and managing partner of the investment firm Gridiron Capital.

"I'm the kind of person that I believe two heads are better than one," Bills owner/CEO Terry Pegula said. "We can bring in Arctos with their experience worldwide and multiple sports, I think is a good thing. And I'm willing to listen on the business side to