Sources: NFL owners to approve private equity investment

  • 📰 espn
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A move to allow private equity firms to invest as limited partners could free up cash for owners to pursue projects such as stadium renovations and would represent a large shift in how the league has historically operated.

Michael Rothstein is a reporter for NFL Nation at ESPN. Rothstein covers the Atlanta Falcons. You can follow him via Twitter @MikeRothstein.

The owners flew to Minnesota for a special session called by NFL commissioner Roger Goodell, where they are expected to approve allowing the sale of up to 10% of a stake in a franchise to a select number of private equity firms the league has vetted at over the past few months, according to ESPN's Adam Schefter and multiple reports.

The vote is the culmination of almost a year's worth of work for a special committee formed by Goodell last fall to consider changes to the NFL's ownership structure, consisting of That day will come Tuesday. In May, Hunt said the committee was focused on making sure the parameters made sense for the league's varying ownership groups. Since the league's inception in 1920, NFL teams have typically been owned by one person or family with the ability to take on individual limited partners.owner Jerry Jones said he felt delving into private equity was"thoroughly to my satisfaction evaluated. ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 731. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines