• Loading stock data...
Saturday, July 19, 2025

NFL To Sell $275M In Debt, Roll $3.2B

NFL-Logo-Sign
Kirby Lee-USA TODAY Sports/Design: Alex Brooks

The National Football League is issuing $275 million in debt and creating a five-year facility under the league-wide credit facility. The new credit facility, issued through Football Funding II, will hold $3.178 billion in debt, rolling the two existing facilities into one.

Issued this month, the money involves term notes, which typically offer a fixed interest rate over the life of the loan. The notes will mature in 2028, 2033, and 2041. 

‘A’ Rating

The debt was given an ‘A’ rating by Fitch Ratings, which cited various reasons for the league’s “highly regarded economic model.”

  • “Sizable multi-year national media contracts”: The league signed agreements with NBC, CBS, Fox, ESPN, and Amazon for roughly $110 billion collectively over 11 years.
  • “Significant and equitable revenue sharing among member clubs”: In 2019, NFL clubs reportedly shared $8.8 billion of the total $14.5 billion in revenue.
  • “A collective bargaining agreement with its players union”: The deal ensures NFL labor peace through at least 2030 and, starting this year, gives players at least 48% of all league revenue.

Last year, teams agreed to raise debt limits by $150 million to $500 million for each franchise due to pandemic-related financial struggles — the league’s revenue fell by $4 billion from 2019 to 2020.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Feb 7, 2024; Las Vegas, NV, USA; Calais Campbell (middle) receives the NFLPA Alan Page Community Award from executive director Lloyd Howell (left) and president) JC Tretter (right) at the NFLPA Press Conference at the Mandalay Bay Convention Center prior to Super Bowl LVIII.

What Comes Next After NFLPA Chief’s Sudden Resignation?

Howell quit on his own accord; he was not forced out.

New NFLPA Head Will Face Multibillion-Dollar Decisions

The next NFLPA leader will wrestle with a series of pressing issues.
Lloyd Howell

Scandal-Ridden NFLPA Chief Lloyd Howell Quits

The union executive director stepped down late Thursday night.

Netflix Beats Projections Again—and Plots Big Holiday Sports Slate

The streaming giant again beats analyst projections in every respect.

Featured Today

Ryan Field Construction
exclusive

First Look Inside Northwestern’s $862 Million New Ryan Field

Five big things FOS learned on our exclusive stadium tour.
Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
July 17, 2025

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

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

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.