Reported about 1 month ago
The NFL has voted to allow private equity firms to acquire up to 10% stakes in franchises, aiming to attract substantial investments and enhance team valuations. This significant change, approved with a 31-1 vote, enables institutional investors to partake in ownership, focusing on financial returns, unlike traditional ownership which was limited to friends or local celebrities. This shift, while providing alternative capital sources, aims to maintain the decision-making authority among the 32 controlling owners within the league.
Source: YAHOO