Ralph Wilson was the founder and only owner of the franchise. He died March 25 at the age of 95.
The team says “A process will be established at an appropriate time for the sale of the franchise. “
The Bills also announced that CEO Russ Brandon, general manager Doug Whaley and coach Doug Marrone will remain in charge of football operations under the new ownership.
GEORGIA: Redshirt freshman outside linebacker Paris Bostick has made a decision to transfer according to coach Mark Richt.
“After discussing the situation with Paris, we mutually agreed this is a good decision,” Richt said. “He has a positive future in football and we wish him all the best in attaining his goals in football and in education.”
Bostick, a 6-foot-1, 217-pound native of Tampa, Fla., redshirted the 2013 season after undergoing toe surgery last summer.
DIRECTOR DIES: Sandy Grossman, who directed a record 10 Super Bowl broadcasts and spent more than two decades in the TV truck working with announcers Pat Summerall and John Madden, has died. He was 78.
Grossman died Wednesday at his home in Boca Raton, Fla., of cancer, his son Dean said.
“He could just make magic,” Madden told The Associated Press in a phone interview Thursday.
PATRIOTS: Safety Patrick Chung is back with the team as the latest addition to their rebuilt secondary.
After one season with the Philadelphia Eagles, Chung signed on Thursday with the team that drafted him in the second round in 2009.
PACKERS: Veteran fullback John Kuhn has re-signed with the team, agent Kevin Gold says Thursday.
REDSKINS: Have signed quarterback Colt McCoy. He signed his contract Thursday, giving the Redskins a new potential No. 3 quarterback to replace Rex Grossman, who is a free agent.
McCoy could also complete for the No. 2 spot if the Redskins decide to trade Cousins.