The NFL has informed owners and investment firms that it plans to take a percentage of private equity profits from future sales of ownership stakes in its teams. This comes after the NFL owners voted to allow private equity firms to hold up to a 10% stake in teams, marking the first time such investments are permitted in the league. Unlike other major sports leagues, which allow higher percentages of private equity ownership, the NFL's move to take a portion of profits is unprecedented. The NFL's total value has significantly outpaced the growth of the S&P 500 over the past two decades.
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00:00It's Benzinga, and here's what's on the block.
00:02The NFL has informed owners and investment firms that it plans to take a percentage of
00:06private equity profits from future sales of ownership stakes in its teams.
00:11This comes after the NFL owners voted to allow private equity firms to hold up to a 10 percent
00:15stake in teams, marking the first time such investments are permitted in the league.
00:20Unlike other major sports leagues which allow higher percentages of private equity ownership,
00:24the NFL's move to take a portion of profits is unprecedented.
00:28The NFL's total value has significantly outpaced the growth of the S&P 500 over the
00:32past two decades.
00:33For all things money, visit Benzinga.com.