"According to Ben Fischer of Sports Business Journal, Kraft (as head of the Kraft Group) is divesting eight-percent of his stake in the team as part of the NFL's updated private equity policy from 2024. Specifically, global investment firm Sixth Street reportedly has agreed to a deal to take a three-percent stake in the Patriots at a team valuation of more than $9 billion. The other five-percent Kraft made available is being purchased Greek-American billionaire Dean Metropoulos, per Fischer."
"Both potential deals are subject to review at the upcoming owners' meeting on Oct. 21-22. The league officially approved private equity stakes in NFL teams in 2024, but limited it to no more than 10-percent of any team. At the time, Kraft noted that he would consider selling a stake in the future. "A win-win all around," he told Forbes. "I never thought I would sell anything out, but I'm considering it." According to Fischer, Kraft "has no intention of relinquishing control of the team.""
Robert Kraft, through the Kraft Group, is divesting eight percent of his ownership stake in the New England Patriots under the NFL's updated 2024 private equity policy. Global investment firm Sixth Street has agreed to acquire a three-percent stake at a team valuation exceeding $9 billion. Greek-American billionaire Dean Metropoulos is purchasing the remaining five-percent being made available. Both transactions require review and approval at the NFL owners' meeting on Oct. 21-22. Kraft purchased the franchise in 1994 for $172 million and retains control of the team despite the minority stake sales.
Read at Boston.com
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