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I am Number Six
Join Date: Aug 2000
Location: Columbia, MD, USA
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NFL considering allowing private equity to buy into teams
Private equity in the NFL? How team ownership might shift
Michael Rothstein, ESPN Staff Writer May 19, 2024, 06:49 AM ET https://www.espn.com/nfl/story/_/id/...oposal-changes A special committee of NFL owners has spent the past nine months investigating potential changes to league rules for team ownership, an attempt to grapple with a shrinking pool of potential team buyers amid soaring team valuations. One of the possibilities on the table: allowing institutional wealth, including private equity, to invest in NFL franchises, which the league has never permitted. Owners will likely discuss -- and potentially vote on -- the committee's research and findings at league meetings in Nashville this week. "They've been very deliberate in the way they've evaluated different alternatives," NFL commissioner Roger Goodell said in March. "We're making progress. I think there'll be some changes, maybe as early as May, probably closer to October." A move to allow private equity firms or institutional wealth to invest as limited partners could free up cash for owners to pursue projects such as stadium renovations and would represent a large shift in how the league has historically operated, with the majority of franchises traditionally run as family businesses with single-family ownership. Spoilered for brevity:
Spoiler!
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Posts: 6,637
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#16 |
Veteran
Join Date: Mar 2024
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"It's not broken, but let's **** with it anyway!"
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Posts: 3,948
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#17 |
Starter
Join Date: Mar 2021
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Give 'em a break guys, there are no more homes to buy.
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Posts: 918
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#18 |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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I can't wait to see how people respond when the schedule is 18 games with 2 byes, there are 40 teams, 16 of those teams make the playoffs and the NFL season lasts from the end of August until the beginning of March.
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Posts: 111,880
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#19 |
Now you've pissed me off!
Join Date: Jan 2006
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Posts: 74,895
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#20 |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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Posts: 111,880
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#21 |
Veteran
Join Date: Mar 2024
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Posts: 3,948
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#22 | |
Now you've pissed me off!
Join Date: Jan 2006
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Quote:
Here's the plan: Get multiple new expansion teams. Each expansion fee will be north of a billion dollars, maybe even two billion. That's a straight check to each owner. If they expand by eight teams, then each owner will get somewhere between 250-500 million. They'll get a smaller cut in the media deal, but an NFL deal with international teams would be worth far more, so they'll get a smaller piece of a much, much larger pie. At least the slave-labor-built stadium in Riyadh will be a dome, I guess. |
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Posts: 74,895
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#23 | |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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Quote:
More teams longer season more games, more money. |
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Posts: 111,880
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#24 |
MVP
Join Date: Mar 2021
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They'll frost the insides of the beer cups to save a tablespoon of beer. It adds up!
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Posts: 8,505
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#25 |
Now you've pissed me off!
Join Date: Jan 2006
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I'm just waiting for them to institute transfer fees. Then you'll have Saudi-backed teams buying the rights to players from teams that draft guys not as players, but pure financial instruments.
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Posts: 74,895
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#26 |
...
Join Date: Nov 2001
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The ruthlessness of making money will be the first thing people talk about for obvious reasons and that's all correct. But even in terms of the on-field product, I could see a world where if this happens, it will lead football into a baseball direction where a lot of the decision makers aren't football guys but businessmen. Leaning very much into analytics, GMs making decisions over coaches, etc... all the things you're seeing in baseball where the game is run by businessmen with ruthless efficiency. It'd be interesting to see how that played out.
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Posts: 55,203
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#27 | |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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Quote:
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Posts: 111,880
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#28 |
Banned!
Join Date: Sep 2000
Location: NOT Columbia, MO 65201
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What, did Blackrock run out of family homes to buy?
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Posts: 46,445
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#29 |
Generational Player
Join Date: May 2017
Location: Honolulu
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Yeah, if you see how private equity strip mined American companies, fired productive people and sold off assets just to get a quick buck this is not a positive development at all.
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Posts: 4,337
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#30 |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
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Again this is being done because the NFL rules of one owner is being harder because franchise value's have skyrocketed. The amount of individuals that can write a check for six billion dollars is very very limited.
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Posts: 50,570
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