Private equity, cold and hungry, is making its way into the NFL
The NFL has finally allowed private equity investment in individual teams after resisting institutional capital for years. Only one owner voted against the proposal, concerned about the financial viability of smaller franchises. The NFL will limit private equity investments to 10% per team, with strict rules on decision-making rights and investment holding periods. The league aims to balance maintaining a sense of community ownership while accessing necessary capital. The move mirrors similar decisions in other professional sports leagues, such as the NBA. However, cautionary tales from European soccer warn of potential negative effects of financialization on the sport and its fans.
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