NFL Teams Attract Star Athletes and Private Equity as New Investors
TL;DR Summary
For the first time in NFL history, private equity firms have purchased stakes in league teams, with Ares Management acquiring 10% of the Miami Dolphins and Arctos Partners and Gridiron Capital buying into the Buffalo Bills. This move, approved by NFL owners, allows for increased liquidity as franchise values rise. The Dolphins' valuation was set at $8.1 billion, while the Bills' was $5.8 billion. The sales aim to diversify ownership and expand market reach, particularly in Toronto for the Bills.
- Dolphins, Bills sell stakes in team to private equity firms for first time in NFL history - The Athletic The Athletic
- Ex-NBAers Carter, McGrady join Bills ownership ESPN
- Tom Brady Isn’t the Only One Investing in NFL Teams Sports Illustrated
- Basketball Hall of Famers Vince Carter, Tracy McGrady join Bills ownership group Yahoo Sports
- Buffalo Bills welcome 10 new limited partners to ownership group BuffaloBills.com
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