Reported about 1 month ago
NFL owners have approved a new rule allowing certain league-sanctioned private equity firms to purchase up to a 10% stake in their teams. This decision, made at a special meeting in Minnesota, marks a significant change from previous prohibitions and follows the trend seen in other major American sports leagues, which allow up to 30% purchases. Notable transactions include the sales of the Denver Broncos and Washington Commanders, highlighting the increased need for financial flexibility among team owners.
Source: YAHOO