The NFLs ownership rules are widely regarded as being the most restrictive in professional sports.
No ownership group can exceed 25 people, including the lead investor.
No private equity firms, public corporations or sovereign wealth funds can own any shares.
But certainly the idea is to broaden available capital.
The owners discussed the private equity issue at the May meeting but did not take a vote.
Were going to continue to be very deliberate.
But I expect there to be something before the end of the year.
Owners are gathering next week to vote on allowing private equity firms to buy stakes in teams.
Thats right, the good ol boys club of NFL ownership might soon be welcoming some Wall Street suits.
What could possibly go wrong with this?
The NFL Ownership club is the most exclusive club in the world.
More exclusive than Augusta National.
More exclusive than Skull & Bones.
Of course, this isnt about the love of the game.
It’s about inflating those already astronomical franchise values even further.
Because, you know, $5 billion per team just isnt enough.
And whos going to foot the bill for that?
You guessed it, we the fans.
Get ready to shell out even more for those overpriced beers and barely-visible fifth-level seats.
And the fucking ridiculous amount it costs to stream games now on the streaming services.
So this would be a huge change.
But hey, if it means more money, and access toi liquid capital, why not, right?
