Last week, NFL team owners voted to allow an initial group of private equity firms to acquire up to a 10% stake of a franchise.
"This isn't a case where private equity is going to come in and have influence on the franchise."
Private equity has been eager to take stakes in sports as team valuations rise, mainly due to ballooning media rights deals.
As investors, private equity firms often take management and board roles.
Private equity investments typically have a set duration — it can range from three to seven years in many cases — and an expected return.
Persons:
Ric Tapia, Steve Pagliuca, Shirin Malkani, Perkins, Anthony Mulrain, Toney, Angela Weiss, Michael Considine, Ellis, Jimmy Haslam, Mulrain, Eric Washington, Robin Alam
Organizations:
NFL, Los Angeles Rams, Houston Texans, NRG, Getty, National Football League, Bain Capital, CNBC, Washington, Denver Broncos, Carolina Panthers, Holland, Kansas City Chiefs, Philadelphia Eagles, Farm, Afp, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, Kirkland, Cleveland Browns, Knight's, Buffalo Bills, Microsoft
Locations:
Houston, U.S, Glendale , Arizona, Holland