The NFL has its eyes set on its next get-even-richer idea.
The world of private equity.
The NFL is making 'real progress' on allowing private equity to purchase stakes in franchises, Roger Goodell said Wednesday.
- It's currently the only major pro US league that doesn't
- This matters partly because franchise valuations are outpacing the volume of individual wealth
- Minority stakes sold to private equity = quick infusion of liquidity = more cash in pockets = (theoretically) more spending on players, stadiums and renovations
Owners haven't voted on it yet, but Goodell said in March the rule could be approved by October.