ESPN is reportedly seeking investors for an equity stake in RedZone and other NFL properties
ESPN has reached a deal with the NFL to purchase RedZone, NFL Network, and other league holdings. In exchange, the NFL will receive equity in ESPN potentially worth billions. The deal will also give ESPN access to more regular-season games, fantasy football operations, and the potential to integrate sports betting. The NFL’s equity stake in ESPN could be as much as 10%. The deal will require regulatory approval and could take up to a year to complete. This agreement comes as ESPN is preparing to launch a direct-to-consumer service, allowing subscribers to view all programming through the ESPN app for $29.99 per month.
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