In August 2024, NFL owners voted in favor of allowing private equity firms to invest in teams for the first time in its storied history. It was a long time coming as peer leagues such as the MLB, the NBA and the NHL began accepting minority-share investment by private equity firms beginning in 2019. Average NFL team valuations have soared to $6.49 billion, largely thanks to the enormous media rights deals they have signed, which are worth 85% more than the previously inked deal. And private equity wants a share in the growth. The Miami Dolphins are allegedly the first NFL team to be in advanced talks to sell a minority stake to private equity firm, Ares Management.

Chapters:
1:10 – Breakdown
2:48 – In action
6:41 – Future

Produced and Edited by: Christian Nunley
Animation: Christina Locopo and Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images

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What Private Equity Will Mean For The NFL