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The NFL is a never-ending money-making machine.
As such, they want to bring in even more cash flow.
According to ESPN’s Adam Schefter, league owners will meet today to vote on a proposal that would allow owners to sell up to a total of 10% of each team to a list of ‘permitted private equity firms.”
A new NFL world: NFL owners will vote today on a proposal that will allow teams to sell up to a total of 10 percent of each team to a list of permitted private equity firms.
— Adam Schefter (@AdamSchefter) August 27, 2024
If the vote goes through, the decision will still happen on a team-by-team basis and any new deals will still need to be approved by the league’s owners.
This isn’t anything new in major sports, as the NBA, NHL, MLS, and MLB all allow some level of private equity ownership.
Some leagues do cap how much a single fund can invest.
This potential influx of capital could also lead to an improved fan experience with new stadiums as it would free up cash for owners to invest in stadium renovations.
The Tennessee Titans and Buffalo Bills are both currently working on new stadiums, while teams like the Washington Commanders, Cleveland Browns, and Chicago Bears could also look to build new venues at some point in the near future.
Football is king, and Roger Goodell clearly knows how to capitalize and maximize the league’s value.
If it’s for the betterment of the sport, then so be it.
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