Even Billionaires Aren’t Rich Enough to Buy NFL Teams Nowadays
League mulls changes to ownership rules after Panthers sale
Suffering a dearth of bidders amid skyrocketing franchise values, the National Football League is mulling ownership rule changes designed to attract buyers outside of the richest of the rich.
While the league regularly reviews its policies and procedures, the move to reexamine the strictest ownership guidelines in major U.S. sports took on new urgency after last year’s $2.3 billion sale of the Carolina Panthers to hedge fund titan David Tepper.