Sports
NFL’s Billionaire Owners Want to Let Private Equity Buy Stakes in Teams
- League’s ownership rules among most restrictive in sports
- Change could create more bidders at time of surging demand
A player warms up next to the NFL logo painted on the field.
Photographer: Sebastian Widmann/Getty ImagesA group of National Football League owners is pushing to allow private equity firms and institutional investors to buy stakes in clubs, a move that could create more bidders at a time of already skyrocketing values for professional teams.
The owners are planning to lobby for potential changes at the NFL’s annual meeting underway in Phoenix, according to several people with direct knowledge of the situation.