October 10, 2024
Op-ed: The NFL and private equity -- modest liquidity, or the start of a new normal?
In a landmark move six weeks ago, the NFL created rules allowing private equity firms to make heavily circumscribed minority invests in its franchises, a move designed to escalate already sky-high team valuations, while recognizing the shrinking number of new, traditional-style owners with the resources to buy into one of the world’s most exclusive clubs. And the first deal under the new rules surfaced last week, with Ares Management believed nearing a deal to invest in Stephen Ross’ Miami Dolphins (and related assets).
