NFL Approves Private Equity Investments in Bills and Dolphins, Eagles Valued at Record $8.3 Billion

Dec 11, 2024, 04:40 PM

The National Football League (NFL) has entered a new era by allowing private equity firms to invest in teams for the first time. The Buffalo Bills sold a 10% stake to Arctos Partners, while the Miami Dolphins sold a 10% stake to Ares Management, marking a significant shift in NFL ownership dynamics. These transactions value the Bills at $8.1 billion and the Dolphins at $8.3 billion. Additionally, the Philadelphia Eagles have sold an 8% stake to two family investment groups, valuing the franchise at $8.3 billion, which is the highest valuation for a U.S. sports franchise. The Eagles' owner, Jeffrey Lurie, maintains control of the team, but the sale underscores the soaring valuations of NFL teams. The Raiders also sold minority stakes, though not to private equity firms. This trend reflects the NFL's evolving approach to ownership, allowing teams to generate significant capital without relinquishing control.