NFL allows Miami Dolphins and Buffalo Bills to add private equity owners.

The article discusses the groundbreaking investment by private equity firms Ares Management and Arctos Partners in the National Football League (NFL), marking the first time such firms have acquired minority stakes in NFL franchises. Ares is purchasing a 10% stake in the Miami Dolphins, while Arctos is acquiring approximately 10% of the Buffalo Bills, alongside investments from nine executives, including notable figures from the NBA. The NFL's decision to allow these investments, which had previously been restricted, is seen as a significant shift in ownership dynamics, potentially increasing team valuations and promoting diversity among owners. The article highlights the inclusion of diverse limited partners in the Bills' ownership structure, reflecting a broader trend towards inclusivity in sports ownership. [Extracted from the article]