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International Business Times
International Business Times
Sport
AFP News

NFL Team Owners Approve Private Equity Investment Plan: League Statement

NFL National Football League United States Roger Goodell Football Sixth Street
NFL team owners have voted to approve private equity investment in teams for the first time (Credit: AFP)

National Football League (NFL) owners on Tuesday voted to allow private equity investment in a landmark move that could see billions of dollars in new funding pumped into the sport, the US-based league confirmed.

At a meeting in Milwaukee, the owners of the NFL's 32 teams gave the green light to a plan that would allow a group of hand-picked private equity firms to purchase up to a 10-percent stake in a team.

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