BUFFALO, N.Y. — Buffalo Bills President Russ Brandon says owner Ralph Wilson has died.

Wilson, 95, was one of the founding owners of the American Football League and owned the Bills for 54 years. He was elected to the Pro Football Hall of Fame in 2009.

Wilson purchased the Bills for $25,000 in 1959. The franchise's estimated value was $870 million as of August 2013, according to Forbes and ESPN.