NFL wants to take percentage of private equity investment profits
From CNBC: 2024-08-27 15:55:08
Brock Purdy of the San Francisco 49ers played in Super Bowl LVIII against the Kansas City Chiefs on Feb. 11, 2024 at Allegiant Stadium in Las Vegas.
The NFL is considering allowing private equity firms to invest up to 10% in teams, following other major leagues like MLB, NBA, and NHL.
The NFL plans to take a percentage of profits from private equity investments, a move unprecedented in major sports leagues.
The league is currently vetting specific firms like Blackstone Partners, Sixth Street, and CVC Partners as potential buyers.
The NFL’s total value has increased by 710% in the last 20 years, reaching $190 billion. The league’s growth surpasses that of the S&P 500 index.
Read more at CNBC: NFL wants to take percentage of private equity investment profits