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Fortune

Luisa Beltran

Private equity firms have $1.2 trillion to spend on NFL teams. Will the league finally let them?

NFL RedBird NBA Josh Harris Fortune Football Carlyle Dan Snyder MLB Soccer

(Credit: Scott Taetsch—Getty Images)

The National Football League is an exclusive club, and for those looking to buy their way in, the price of a franchise has gotten so high it’s beyond the reach of ordinary billionaires. But now the league is set to change its rules and allow private equity firms, which make their living buying and flipping businesses, to invest in teams. Could this change how the league—and many people’s favorite teams—do business?

The short answer is we shouldn’t expect an onslaught of buyout shops bidding for NFL teams just yet. But there will be interest. The NFL’s guaranteed TV deals could be worth more than $126 billion by 2033, according to Forbes.

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