Official announcement from the Philadelphia Eagles or NFL

NFL Set to Approve 10% Private Equity Stakes in Teams, $12 Billion Investment Expected

Aug 27, 2024, 12:37 PM

The National Football League (NFL) is holding a significant vote today, where team owners are expected to approve a new policy allowing private equity firms to acquire minority stakes in teams. This policy would enable teams to sell up to 10% of their ownership to a list of preapproved private equity firms. The move marks a historic shift for the NFL, which has previously not allowed private equity ownership, unlike other major North American sports leagues such as the MLB and NBA, which permit up to 30% private equity ownership. The decision is anticipated to bring substantial financial investment into the league, with select firms expected to commit $12 billion. The meeting is taking place in Minneapolis, and the outcome could have significant implications for the business of football, potentially increasing team valuations and altering the dynamics of team ownership. Jeffrey Lurie, the Eagles owner, is exploring selling a stake at a $7.5 billion valuation if the policy is passed.