"The sale of the Washington Commanders for $6.05 billion in 2023 was the highest price ever paid for a North American sports franchise, signaling a rapid increase in franchise values."
"Irsay-Gordon stated, 'We certainly looked at [private equity]. We don't have any intention of doing it now,' emphasizing their commitment to retaining full ownership of the Colts."
"The Colts have been in the Irsay family since 1972, and Jim Irsay's dream was for his grandchildren to one day own the team, a vision that remains intact."
"Irsay-Gordon acknowledged the need for significant upgrades to Lucas Oil Stadium, which is nearly 20 years old, but did not commit to private equity involvement for funding."
The sale of the Washington Commanders for $6.05 billion in 2023 marked a record for North American sports franchises, indicating a surge in franchise values. Indianapolis Colts owner Carlie Irsay-Gordon and her sisters contemplated private-equity investment but decided to maintain full ownership. Following their father Jim Irsay's death, the sisters aim to uphold his legacy of family ownership. Despite potential future needs for stadium upgrades, they currently have no plans to involve private equity in the team's ownership structure.
Read at ESPN.com
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