NFL keeps finding ways to rake in more $$$$

[True Dough]

EAGAN, Minn. -- NFL owners are expected to vote to change the league's ownership structure Tuesday, allowing private equity firms to purchase limited stakes in NFL teams, according to ESPN's Adam Schefter and multiple reports.

The owners flew to Minnesota for a special session called by NFL commissioner Roger Goodell, where they are expected to approve allowing the sale of up to 10% of a stake in a franchise to a select number of private equity firms the league has vetted at over the past few months, according to ESPN's Adam Schefter and multiple reports.

A move to allow private equity firms to invest as limited partners could free up cash for owners to pursue projects such as stadium renovations and would represent a large shift in how the league has historically operated, with the majority of franchises traditionally run as family businesses with single-family ownership.

If the vote goes as expected, there is no requirement for NFL teams to take on private equity investment. That decision will still come on a club-by-club basis -- and any potential deals would still need to be approved by the league's owners.

https://www.espn.com/nfl/story/_/id/41013650/nfl-owners-approve-private-equity-investment

[underpants]

1. In comes the oil money like the EPL

[Brother Buzz]

2. How would that work with the Green Bay Packers?

[True Dough]

4. That's a good question!

It is more complicated in their situation.

[rurallib]

6. I think your answer is in the OP

"there is no requirement for NFL teams to take on private equity investment. That decision will still come on a club-by-club basis"

[Brother Buzz]

8. I guess Green Bay can sell one share to every equity firm that knocks on its door

And I'm guessing they won't be allowed to vote either

[Moostache]

3. Wait...slimy ass rich guys find more ways to get money?

No way!

[SWBTATTReg]

5. Desperate to try some more money I guess. The owners already have somewhat of a monopoly, and have

scored billions of dollars in reselling video/etc. rights to the games to be broadcast live (or other things/purposes), to rake yet more money in for the owners.

When is it enough, enough?

Sarcasm here, but I wouldn't be surprised if a hotdog costs $10, a soda costs $10, a beer costs $20, parking costs $50, going to the bathroom costs $5 or more, and so on, the list of everything that the owners can make a buck on, will keep going on and on.

I won't support this. Pro sports are caught in a game between competing billionaires/millionaires, all competing for the few good deals left out there in the marketplace. All of the other billionaires and/or millionaires have grabbed every other opportunity to make money, any money surrounding all 'pro' sports events etc., and thus, this whole field is a cess pool of capitalism, prying on the rest of us for our constantly dwindling salaries, pay, etc.

Anybody up for a nice decent game of chess? Won't cost you a dime!

[jimfields33]

7. 20 bucks for a hot dog and soda sounds low in todays

Purchase at an event. I’d say they double that to 40 bucks for the combo. Combo will sound like a deal. lol. 50 for parking sounds spot on. Heck Disney is up to 30 for parking.

[Auggie]

11. I expect they'll get us in streaming subscriptions and/or pay-per-view ...

and that means goodbye to traditional Sunday broadcasts.

[a kennedy]

13. and this just pisses me off. Ugh....how is this even allowed. It's just not fair.

[Auggie]

14. "Not fair:" the perfect explanation of capitalism ...

without safeguards and legislation it will run amok. It brought us you-know-who.

[displacedvermoter]

9. Saudi money like in golf, soccer, women's tennis.

[True Dough]

10. Hopefully not,

but entirely possible.

[a kennedy]

12. I hope not with the Packers organization, I and hundreds of my fellow "owners" won't

allow it. Only professional NFL team that is owned by us, the fans.