NFL private equity ownership vote expected to approve select firms [Video]

The NFL’s most exclusive club is about to let in new members.

At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League’s 32 owners are expected to vote in favor of allowing select private equity firms to buy up to a 10% stake of a team. Each fund or consortium will be able to do deals with up to six teams.

The initial approved firms will include Ares Management, Sixth Street Partners and Arctos Partners, in addition to a consortium nicknamed “The Avengers” that includes Dynasty Equity, Blackstone, Carlyle Group and CVC Capital Partners, people familiar with the matter told CNBC.

The firms collectively have $2 trillion in assets and intend to commit $12 billion of capital to be raised (inclusive of leverage) over time, said the people, who asked not to be identified to speak about terms that were not yet public. With at least four investor groups able to invest in up to …