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Fortune
Fortune
Paolo Confino

The $190 billion NFL is about to draft a new wildcard: private equity

NFL Commissioner Roger Goodell (L) and Dallas Cowboys owner Jerry Jones talk before the 2022 NFC Wild Card Playoff game against the San Francisco 49ers. (Credit: Richard Rodriguez—Getty Images)

As private equity has made inroads into every aspect of the American economy, one highly popular and profitable sector has resisted it: Professional football. But that could change on Tuesday, when NFL owners plan to vote on whether to change the league’s ownership rules to allow private equity investments into teams. 

All 32 NFL owners are gathered in Minneapolis to vote on the matter. The rule changes will pass if 24 teams vote to ratify the measure. 

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