NFL Decision Looms After Surprising Move from Patriots Owner Robert Kraft
Summary
Robert Kraft, owner of the New England Patriots, plans to sell an 8% minority share of the team. The deals include 3% to Sixth Street investment firm and 5% to Dean Metropoulos of Metropoulos & Co. NFL owners will vote on the approval of these sales.Key Facts
- Robert Kraft has owned the New England Patriots since 1994.
- The team is valued at about $9 billion.
- Kraft is selling a total of 8% of the Patriots, with a 3% share going to Sixth Street and 5% to Dean Metropoulos.
- Sixth Street also has investments in other sports teams, including the NBA's Boston Celtics and MLB's San Francisco Giants.
- These sales require approval from NFL owners, with a vote scheduled for October 21-22.
- The sales are pursued under the NFL's new private equity policy approved in 2024.
- Kraft stated he does not intend to give up control of the Patriots.
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