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NFL Approves Private Equity Firms to Buy Up to 10% Stakes in Teams

Aug 27, 2024, 04:36 PM

NFL owners have voted to approve a new policy allowing private equity firms to acquire minority stakes in teams. The decision permits select private equity firms to purchase up to 10% of a team, with the initial firms including Ares Management, Sixth Street, Arctos Partners, CVC Capital Partners, Blackstone, Carlyle Group, and Dynasty Equity. This move is expected to inject billions of dollars into the league, boosting team valuations. The NFL is the last of the major North American sports leagues to allow private equity ownership, with the policy including strict terms such as a minimum committed capital of $2 billion and a minimum hold time of six years. Additionally, the NFL plans to take a percentage of the profits made by these private equity firms.