The NFL intends to take a percentage of potential private equity profits on sales of ownership stakes if the league votes to allow the firms to own pieces of teams.The league plans to vote on private equity ownership of up to 10% for its teams at Tuesday's league meeting.
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024.The National Football League has informed owners and investment firms that it intends to take a percentage of potential private equity profits on any future sales of ownership stakes, according to people familiar with the matter.
It is unclear if the NFL's plans to take a piece of profits would deter future investment from private equity or affect the owners' vote. The league is in the process of approving particular funds as potential buyers, including Blackstone Partners, Sixth Street and CVC Partners.Over the past 20 years, the league's total value has risen from $23.46 billion to $190 billion, a 710% gain, according to Sportico. The S&P 500 index has risen about 660% during the same time span.