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The Industry Destroying Everything Is Coming for the NFL. It Might Have Met Its Match.

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The NFL’s only problem is that it needs free-flowing dollars to keep pace with itself.

of the Buffalo Bills and Miami Dolphins. A couple of undisclosed investors that various reporters have called “family investment groups” have bought a combined 8 percent stake in the Philadelphia Eagles,at $8.3 billion—the highest figure yet for an NFL team. Napkin math says the new investors poured more than $660 million into the Eagles for that stake.

This positioning, replicated in most NFL markets, helps teams get everything from favorable media coverage to public subsidies for stadiums. You will not find a sovereign wealth fund in the NFL .With its sense of self, the NFL is not geared to let faceless corporations control teams. A broadcast cutting to Jerry Jones in his box is compelling. Cutting to a random managing partner of a private equity firm is not.

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