Patriots Sell 8% Stake in $9 Billion Valuation Deal
Robert Kraft has agreed to sell an 8% minority stake in the New England Patriots, valuing the team at $9 billion, with the sale proceeds staying on the team's balance sheet. The deal involves buyers Sixth Street Capital and Dean Metropoulos and requires NFL approval. This sale is part of a broader trend of NFL team stake sales, with other teams like the Giants, 49ers, and Bears also undergoing similar transactions.