The Buffalo Bills are primarily owned by Terry Pegula and his wife Kim Pegula. Terry Pegula is an American billionaire who purchased the team in 2014 for approximately $1.4 billion. The Pegulas have been the majority owners since then. Recently, in 2024, Terry Pegula sold around 20.6% of the Buffalo Bills franchise to a consortium of private equity firms and investors, including notable athletes, but he and his family remain the majority owners. Kim Pegula remains a co-owner, although Terry Pegula now has significant control due to her health condition and ensuing legal guardianship arrangements. The Pegulas have also been involved in efforts to build a new stadium for the team with public and private funding participation.