JOURNAL ARTICLE

Buffalo Bills Sell 10% of Team to Private Equity Firm in NFL First.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The NFL made history by allowing private equity firms to invest in teams, with the Buffalo Bills selling a 10% stake to Arctos Partners. This move, along with the Miami Dolphins selling to Ares Management, has the potential to increase team valuations and fund major projects like stadium renovations. Individual investors like Joe Tsai and groups of investors are also acquiring stakes in teams like the Dolphins and the Philadelphia Eagles, marking a significant shift in team ownership dynamics. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/12, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:181578107
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