Vince Carter and Tracy McGrady among 10 limited partners who've joined Bills' ownership group

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

IRVING, Texas — Basketball 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 Bills' franchise history that minority owners have been added.

NFL team owners approved a measure earlier this year that allows investments into franchises by private equity funds. The league’s ownership rules had been among the most restrictive in professional sports.

Other teams also are finalizing the addition of limited partners. NFL team owners also approved Wednesday the minority, noncontrolling interest sales involving the Miami Dolphins and Philadelphia Eagles.

Terry and Kim Pegula bought the Bills for $1.4 billion 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% 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