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00:02Blackstone and Apollo Global Management are in early talks with the NFL about becoming approved
00:07investors eligible to acquire minority stakes in league teams. Bloomberg reports that both
00:12firms would likely need to secure investment opportunities before seeking league approval.
00:17The process could extend into next year. The NFL began allowing private equity investments in 2024,
00:23giving team owners another way to raise money for stadium projects and estate planning.
00:27In 2024, the NFL began allowing private equity firms to buy minority stakes in teams to help
00:32owners fund stadium projects and estate planning as franchise values continue climbing.
00:37Private equity investment in sports is accelerating, with firms acquiring stakes in professional teams
00:42and leagues. The global sports market is projected to reach nearly $863 billion in revenue by 2033.
00:50For all things money, visit Benzinga.com.
