Sports
Blackstone, CVC Split From Group Set to Invest in NFL Teams
Blackstone Inc. and CVC Capital Partners are no longer part of a private equity group that had won preliminary approval to invest in NFL teams, according to people familiar with the matter.
The two firms were part of a consortium that included Dynasty Equity, Carlyle Group Inc. and former NFL running back Curtis Martin. Collectively, they comprised one of four groups the league initially allowed last year to buy 10% stakes in teams.