NFL owners approve private equity investments in teams
NFL team owners have approved a new measure allowing some private equity firms to partially invest in their franchises. The move passed in a 31-1 vote Tuesday. The rule aims at giving a cash infusion into organizations and allows owners to sell up to a 10% stake in a team to private equity firms. Miriam Gottfried, reporter for The Wall Street Journal, has more.
NFL team owners have approved a new measure allowing some private equity firms to partially invest in their franchises. The move passed in a 31-1 vote Tuesday. The rule aims at giving a cash infusion into organizations and allows owners to sell up to a 10% stake in a team to private equity firms. Miriam Gottfried, reporter for The Wall Street Journal, has more.
What's Your Reaction?
.gif)