NFL owners voted Tuesday to allow private equity firms to take a maximum 10% stake in teams.
The league has never allowed private equity investment before.
No other league takes a percentage of the so-called carry — the percentage of a fund's investment profits that managers typically receive as compensation — for all private equity firms.
The NFL has informally told investment firms that if they make a return on an investment, it wants a portion of the profits to be returned to the league.
It was unclear if the NFL's plans to take a piece of profits would deter future investment from private equity.
Persons:
Brock Purdy, Robert Kraft, CNBC's, Curtis Martin, Jake Piazza
Organizations:
San Francisco 49ers, Kansas City Chiefs, Super, National Football League, NFL, Major League Baseball, National Basketball Association, National Hockey League, New England Patriots, Ares Management, Sixth Street Partners, Arctos Partners, Dynasty Equity, Blackstone, Carlyle Group, Capital Partners
Locations:
Allegiant, Las Vegas