10 months ago
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(NewsNation) — NFL owners are scheduled to conscionable connected Aug. 27 successful Minneapolis, and 1 connection they volition see is whether to let backstage equity firms to bargain stakes successful teams.
Allowing the investments — which different sports leagues bash — is simply a mode to further inflate franchise values, which person already ballooned into the billions. The determination could spell higher concession and summons prices for fans.
The NFL has agelong been opposed to backstage equity getting successful the game, preferring family-owned oregon ultra-wealthy owners, truthful this would beryllium a large displacement to the NFL’s ownership rules. But that could alteration if 24 of the 32 owners springiness it the thumbs up this week.
Other large sports leagues similar the NBA, MLB, NHL and WNBA each let immoderate signifier of backstage equity concern successful teams, with antithetic rules league-to-league.
Getting into the NFL ownership fraternity has ever been ace exclusive. The two caller franchise income — the Denver Broncos and Washington Commanders — went for northbound of 4 and 6 billion, respectively.
In 2023, the mean squad was worthy a grounds $5.1 billion, up by 14% from the twelvemonth prior, per Forbes, truthful expanding the capitalist excavation is simply a precedence for the NFL.
The league's commissioner, Roger Goodell, spoke to CNBC successful July astir loosening ownership rules to let backstage equity firms to bargain in.
“We’ve had a tremendous magnitude of interest, and we judge that this could marque consciousness for us, successful a constricted fashion," Goodell said. "Probably nary much than 10% of a team, but that would beryllium thing that we deliberation could complement our ownership and enactment our ownership policies.”
