Own Shares In NFL Teams
Latest reports are saying that some owners in the National Football League (NFL) are interested in allowing institutional investors such as private equity firms and sovereign wealth funds to purchase stakes in their teams. Currently, no major US league allows private firms to own a majority share in a team, but many have found it to be a useful path to liquidate part of a team’s value.
With team values rising, the number of potential buyers and minority owners has dwindled, leading some NFL executives to consider the idea of allowing institutional investors to buy stakes in teams. However, ownership rules are not on the agenda at this week’s NFL owners meeting, and any decision on this matter would likely not be implemented until next year.
Clearlake Capital co-founders Behdad Eghbali and Jose Feliciano are reportedly interested in personally buying the 24% stake in the Los Angeles Chargers currently owned by Dea Spanos Berberian. Clearlake was the main financial backer of Todd Boehly’s purchase of Premier League club Chelsea, and the two were also interested in the Denver Broncos, which ultimately sold to Rob Walton for $4.7 billion.