Football

True Dough

(20,288 posts) Tue Aug 27, 2024, 11:16 AM Aug 27

NFL keeps finding ways to rake in more $$$$

EAGAN, Minn. -- NFL owners are expected to vote to change the league's ownership structure Tuesday, allowing private equity firms to purchase limited stakes in NFL teams, according to ESPN's Adam Schefter and multiple reports.

The owners flew to Minnesota for a special session called by NFL commissioner Roger Goodell, where they are expected to approve allowing the sale of up to 10% of a stake in a franchise to a select number of private equity firms the league has vetted at over the past few months, according to ESPN's Adam Schefter and multiple reports.

A move to allow private equity firms to invest as limited partners could free up cash for owners to pursue projects such as stadium renovations and would represent a large shift in how the league has historically operated, with the majority of franchises traditionally run as family businesses with single-family ownership.

If the vote goes as expected, there is no requirement for NFL teams to take on private equity investment. That decision will still come on a club-by-club basis -- and any potential deals would still need to be approved by the league's owners.

https://www.espn.com/nfl/story/_/id/41013650/nfl-owners-approve-private-equity-investment

14 replies

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Highlight:

NFL keeps finding ways to rake in more $$$$ (Original Post) True Dough Aug 27 OP

In comes the oil money like the EPL underpants Aug 27 #1

How would that work with the Green Bay Packers? Brother Buzz Aug 27 #2

That's a good question! True Dough Aug 27 #4

I think your answer is in the OP rurallib Aug 27 #6

I guess Green Bay can sell one share to every equity firm that knocks on its door Brother Buzz Aug 27 #8

Wait...slimy ass rich guys find more ways to get money? Moostache Aug 27 #3

Desperate to try some more money I guess. The owners already have somewhat of a monopoly, and have SWBTATTReg Aug 27 #5

20 bucks for a hot dog and soda sounds low in todays jimfields33 Aug 27 #7

I expect they'll get us in streaming subscriptions and/or pay-per-view ... Auggie Aug 27 #11

and this just pisses me off. Ugh....how is this even allowed. It's just not fair. a kennedy Aug 27 #13

"Not fair:" the perfect explanation of capitalism ... Auggie Aug 27 #14

Saudi money like in golf, soccer, women's tennis. displacedvermoter Aug 27 #9

Hopefully not, True Dough Aug 27 #10

I hope not with the Packers organization, I and hundreds of my fellow "owners" won't a kennedy Aug 27 #12

underpants

(186,672 posts)

1. In comes the oil money like the EPL

Reply to True Dough (Original post)

Tue Aug 27, 2024, 11:19 AM

Aug 27

Brother Buzz

(37,808 posts)

2. How would that work with the Green Bay Packers?

Reply to True Dough (Original post)

Tue Aug 27, 2024, 11:23 AM

Aug 27

True Dough

(20,288 posts)

4. That's a good question!

Reply to Brother Buzz (Reply #2)

Tue Aug 27, 2024, 11:30 AM

Aug 27

It is more complicated in their situation.

rurallib

(63,201 posts)

6. I think your answer is in the OP

Reply to Brother Buzz (Reply #2)

Tue Aug 27, 2024, 11:38 AM

Aug 27

"there is no requirement for NFL teams to take on private equity investment. That decision will still come on a club-by-club basis"

Brother Buzz

(37,808 posts)

8. I guess Green Bay can sell one share to every equity firm that knocks on its door

Reply to rurallib (Reply #6)

Tue Aug 27, 2024, 11:54 AM

Aug 27

And I'm guessing they won't be allowed to vote either

Moostache

(10,163 posts)

3. Wait...slimy ass rich guys find more ways to get money?

Reply to True Dough (Original post)

Tue Aug 27, 2024, 11:30 AM

Aug 27

No way!

SWBTATTReg

(24,107 posts)

5. Desperate to try some more money I guess. The owners already have somewhat of a monopoly, and have

Reply to True Dough (Original post)

Tue Aug 27, 2024, 11:36 AM

Aug 27

scored billions of dollars in reselling video/etc. rights to the games to be broadcast live (or other things/purposes), to rake yet more money in for the owners.

When is it enough, enough?

Sarcasm here, but I wouldn't be surprised if a hotdog costs $10, a soda costs $10, a beer costs $20, parking costs $50, going to the bathroom costs $5 or more, and so on, the list of everything that the owners can make a buck on, will keep going on and on.

I won't support this. Pro sports are caught in a game between competing billionaires/millionaires, all competing for the few good deals left out there in the marketplace. All of the other billionaires and/or millionaires have grabbed every other opportunity to make money, any money surrounding all 'pro' sports events etc., and thus, this whole field is a cess pool of capitalism, prying on the rest of us for our constantly dwindling salaries, pay, etc.

Anybody up for a nice decent game of chess? Won't cost you a dime!

jimfields33

(18,900 posts)

7. 20 bucks for a hot dog and soda sounds low in todays

Reply to SWBTATTReg (Reply #5)

Tue Aug 27, 2024, 11:53 AM

Aug 27

Purchase at an event. I’d say they double that to 40 bucks for the combo. Combo will sound like a deal. lol. 50 for parking sounds spot on. Heck Disney is up to 30 for parking.