NFL Allows Private Equity Firms to Invest $2 Billion Minimum in Up to Six Teams ...Middle East

Times of San Diego - News
NFL Allows Private Equity Firms to Invest $2 Billion Minimum in Up to Six Teams
source : Times of San Diego ( Middle East ) () 129
General view of the NFL logo on a goalpost. Credit: Jeff Hanisch-USA TODAY Sports The owners of the National Football League have allowed some private equity firms to buy up to a 10% stake in a team, the NFL said on Tuesday. Firms initially approved by the NFL include Ares Management, Arctos Partners and Sixth Street in addition to a consortium comprising Blackstone, Carlyle, CVC, Dynasty Equity and Ludis. The NFL’s 32 owners voted at a special league meeting in Eagan, Minnesota. Investors will need to commit a minimum of $2 billion and can invest in up to six clubs, according to the details of the meeting provided by the league, which also require a minimum hold period of six y

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