Blackstone and Apollo Unit in Talks to Acquire Minority Stakes in NFL Teams
Blackstone (BX) and a unit of Apollo Global Management (APO) are reportedly engaged in discussions to join the National Football League's (NFL) group of approved private equity firms. This move would allow these investment giants to acquire minority ownership stakes in professional football franchises. The NFL previously opened its doors to institutional investors, allowing a limited number of private equity firms to participate in team ownership. If successful, this development marks a significant expansion of institutional capital into the sports industry, potentially increasing the valuation and liquidity of NFL franchises.
Topics: minority stakes NFL ownership rules private equity investment