Official 2024 NFL Discussion Week 3!!!

easy_b

Easy_b is in the place to be.
BGOL Investor
I agree with the Dolphins on hesitating with Tua contract. Yeah he was protected a little better last year, but I’m still really worried about those concussions.
 

DC_Dude

Rising Star
BGOL Investor
Interesting


NFL owners expect to vote on private equity framework​

By Ben Fischer5.20.2024
NFL owners will be asked to approve a framework for allowing private equity funds to buy small stakes in teams at this week’s league meeting in Nashville, but the policy would still be months away from being finalized, sources said.

The special committee on ownership policy, chaired by Chiefs owner and Finance Committee Chairman Clark Hunt, will discuss its eight months of work with the hope of getting their colleagues’ blessing to proceed toward a final policy. That discussion will occur in an owners-only session Wednesday morning, on the tail end of the two-day meeting that gets underway Tuesday.

The next regularly scheduled owners’ meeting isn’t until October, but sources said an approved framework could be detailed enough to allow teams and funds to begin putting deals together, which would be executed shortly after a policy is enacted.

The plan’s details have been tightly held by the committee and remain subject to change. But multiple sources believe they are coalescing around allowing up to 10% of a team to be bought by institutional funds, with only a small group of pre-vetted funds permitted to participate.

Key unknowns include how many and which firms would join the pre-vetted group; the extent to which one fund could hold positions in multiple clubs; and how many different funds could buy into a single team.

The plan is intended to help owners fund investments and take money off the table as their teams rapidly grow in asset valuation. At least four NFL teams have been known to be shopping minority stakes in the recent past, including the Raiders, Chargers, Dolphins and Bills, and those deals have been hard to close under current rules restricting ownership to natural persons.

Separately at this week’s meetings, owners will also be briefed by NFL lawyers on the “Sunday Ticket” class action lawsuit, a potentially multi-billion dollar case that is currently slated for trial in June. While the league will surely seek to avoid going to trial, both parties and U.S. District Judge Philip Gutierrez have been making final preparations for a trial starting June 5.

Other matters on the agenda include flag football; global football development; international business strategy (including future games and venues and the global markets); and inclusion and social responsibility. Owners will also hear about the now nearly-three year old effort to find an equity partnership or buyer for the NFL Network, though insiders say a deal with Disney is not imminent and discussions with other possible partners continue.

Owners will vote to approve the deal with Netflix to exclusively stream Christmas Day games, a deal that was publicly announced May 15 despite not having formal signoff by all owners. It had already been blessed by the powerful media committee.

Prior to the meeting, the league will host 27 up-and-coming coaches in the coach accelerator program, designed to introduce minority assistant coaches to owners and other senior executives.
 
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