On August 27, 2024, NFL owners overwhelmingly voted to allow private equity firms to acquire up to 10% stakes in teams, marking a significant shift in the league's ownership structure.

This decision is expected to enhance the financial stability and competitiveness of the NFL, providing owners with diverse capital sources.

Kansas City Chiefs owner Clark Hunt emphasized that while new investments will bring in capital, decision-making will remain centralized among the 32 owners.

NFL Commissioner Roger Goodell clarified that these investments will be passive, ensuring that investors do not gain decision-making influence over franchises.

Arctos Partners, one of the first firms considered for investment, expressed its commitment to the sports industry and innovation.

The approval includes a select group of potential investors, which must undergo final evaluations and ratification by other team owners.

This change aims to provide additional cash for projects like stadium renovations, reflecting a shift from the traditional family-run franchise model.

The NFL's move follows a global trend in sports leagues, expected to generate significant capital for teams, which reported nearly $13 billion in revenue in 2023.

The vote passed with a count of 31-1, with only the Cincinnati Bengals opposing the change, indicating strong support among team owners.

Investment decisions will be made on a club-by-club basis, requiring approval from league owners for any deals.

Owners can utilize cash from private equity investments for various team-related expenses, including stadium renovations.

This landmark decision was reported by NFL Network's Ian Rapoport, reflecting a transformative moment for the league's financial landscape.