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Fortune
Fortune
Paolo Confino, Luisa Beltran

NFL owners open the door to private equity investment into teams

NFL commissioner Roger Goodell (Credit: Diamond Images)

NFL team owners approved a measure to allow private equity firms to take an ownership stake in franchises. 

The vote came during an owners meeting in Minneapolis Tuesday, and marks the end of the NFL’s era as the only one of the major four U.S. sports leagues that did not allow institutional investment. The vote comes after a special committee of NFL owners put together a proposal of possible changes to the league’s ownership to allow for private equity investments.

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