• Loading stock data...
Thursday, June 5, 2025

NFL Ready to Break New Ground With Private Equity Investment Vote

  • The league is poised to make official a long-awaited embrace of private equity.
  • The NFL’s own success and franchise value growth have raised the urgency around the issue.
Stephen Lew-USA TODAY Sports

EAGAN, Minn. — The NFL is set to make league and sports industry history Tuesday, even if the outcome has been increasingly a foregone conclusion.

The league will hold a special meeting here, where a vote is expected to formally approve the introduction of private equity in team ownership. The result of months of study and consideration, the move will make the NFL the last, but the largest and most notable, of the major U.S. sports leagues, to allow this type of outside investment.

It’s anticipated that private equity firms will be initially capped at 10% of a team’s equity—below other comparable leagues that allow up to 30%. The institutional investors will also be required to be entirely passive and not hold any voting rights with teams. 

“We believe that would be something that could make sense for us in a limited fashion,” NFL commissioner Roger Goodell said last month regarding the introduction of private equity. “That would be something we think could complement our ownership and support our ownership policies.”

Victim of Its Own Success

Even as the NFL has taken a more measured path toward allowing private equity, the need for this vote has become increasingly urgent. The Commanders sold for $6.05 billion last year, a figure that could soon look quaintly small amid the league’s continued growth. Already, the NBA is potentially taking aim at the Commanders’ figure with the forthcoming sale of the Celtics

Those soaring valuations have made it increasingly difficult for even the wealthiest individuals to meet traditional NFL ownership and liquidity requirements—led by the primary investor having at least 30% equity in a team purchase and a cap on ownership groups at 25 people. 

Several NFL teams are expected to take immediate advantage of the new private equity provisions and close deals before the end of the year. Those individual transactions will still require vetting and approval by the league. 

Heavyweight Roster

It’s also expected the NFL will disclose a list of approved private equity partners, a group that could include titans of that industry such as Arctos Partners, Ares Management, Sixth Street Partners, and a consortium of Blackstone Partners, CVC Capital Partners, Carlyle Group, and Dynasty Equity. 

Many of these firms have already been highly active across many other parts of the sports industry, including buying into teams in other pro leagues, concessionaires and hospitality firms, and stadium management entities.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

ESPN has not let NBA Countdown “marinate” as talent changes too frequently, ex-host Michelle Beadle tells FOS.
breaking

SiriusXM Parts Ways With Michelle Beadle, Cody Decker

Beadle, Decker exit three months before Stephen A. Smith takes their slot.
Tony Clark

Everything You Need to Know About the MLBPA-OneTeam FBI Investigation

Money from lucrative group licensing deals is under federal scrutiny.

French Open Ratings Up 23% in Week 1 Ahead of Star-Powered Finals

The women’s final will feature the world’s top two players.
Aaron Rodgers

Aaron Rodgers Finally Agrees to Deal With Steelers

The one-year deal is reportedly set to be signed Friday.

Featured Today

May 27, 2015; Paris, France; Mirjana Lucic-Baroni (CRO) knocks the clay off her shoe during her match against Simona Halep (ROU) on day four of the French Open at Roland Garros

Roland-Garros’s Iconic Red-Clay Surface Is a Precise Alchemy

The exact science behind maintaining the French Open’s red clay.
Alex Jensen introductory press conference on Monday, March 17, 2025.
June 3, 2025

Alex Jensen Started Utah Utes HC Job While Still Coaching the Mavs

How Jensen began building an NCAA program while patrolling the Dallas sideline.
May 31, 2025

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.

NHL Not Opening Expansion Bids—but Houston, Atlanta Still in Mix

The question of additional franchises will stay in a more unstructured process.
Jun 4, 2025; Paris, FR; Coco Gauff of the United States celebrates winning her match against Madison Keys of the United States on day 11 at Roland Garros Stadium.
June 4, 2025

Coco Gauff Is Last Hope for U.S. to End French Open Drought

Gauff last made the French Open final in 2022.
June 4, 2025

Manfred: MLB Wants New Media-Rights Deal Before All-Star Game

Talks continue with three bidders, and a decision is expected soon.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
LeBron James
June 4, 2025

Adam Silver: All-Star Game Will Be USA vs. World in Daytime Event

The NBA tried a tournament last year that fell in ratings.
Hilary Knight
June 4, 2025

PWHL Teams Risk Losing Superstars in Expansion Draft

The league permitted teams to initially protect only three players each.
June 4, 2025

ACC Lawsuits Formally Closed, but How Long Will Peace Remain?

Florida State, Clemson, and the ACC have ended their litigation.
Dec 26, 2024; Indianapolis, Indiana, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) dribbles the ball while Indiana Pacers guard Bennedict Mathurin (00) defends in the second half at Gainbridge Fieldhouse.
June 3, 2025

NBA Finals Ticket Prices Down 25%, Still Average Over $1,000

The NBA Finals tip off Thursday in Oklahoma City.