NFL owners endorse private equity stakes of up to 10% in teams by approved firms [Video]

NFL owners voted their carefully crafted approval on Tuesday to private equity investors in their teams, putting in place a new rule that lets certain league-sanctioned firms buy up a stake of up to 10% in the 32 franchises that are steadily soaring in value.

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At a special meeting in Minnesota, nine days before the regular-season opener, the owners enacted their first such guideline after previously prohibiting the practice.

The other major American sports leagues allow up to 30% purchases by private equity investors.

The NFL with this vote permitted four different funds, after initiating a study of the concept five years ago.

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Since then, the Denver Broncos ($4.65 billion) and Washington Commanders ($6.05 billion) have sold, further …