Reported 3 days ago
The NFL has taken a significant step into private equity by allowing institutional investors to purchase small stakes in teams for the first time. Recent approvals include the Miami Dolphins selling a 10% stake to Ares Management and the Buffalo Bills selling a piece to Arctos Partners, as well as individual investments by Joe Tsai in the Dolphins and others in the Bills and Eagles. This shift aims to enhance franchise valuations, fund major projects, and ease estate tax burdens for aging owners, while boosting the league's overall valuation amidst a booming market.
Source: YAHOO