NFL team sales are likely to stall as valuations soar
Publishing timestamp: 2024-09-05 09:00:01
Summary
NFL owners are holding on to their teams as valuations soar, with the Seattle Seahawks likely to change ownership soon. The new rule allowing private equity ownership of up to 10% of teams can provide owners with more liquidity. The rising NFL valuations are driven by media rights deals, expansion, and the addition of games. Private equity ownership in the NFL is limited to 10% with select firms, and the league is taking cautious steps in this direction.
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Keywords: robert kraft, sports, nba, walmart inc, amazon.com inc, private equity management, nfl teams, netflix inc, media, business news, alphabet inc, national hockey league, national football league, technology, major league baseball, breaking news: business, walt disney co, roger goodell,
Source: https://www.cnbc.com/2024/09/05/nfl-team-sales-are-likely-to-stall-as-valuations-soar.html