The rules require a lead investor to own at least 30 percent of a franchise and prohibit any investment by private equity firms or sovereign wealth funds. to approve the sale of the Washington Commanders from Daniel Snyder to a group led by Josh Harris for $6.05 billion.
“Following the Denver and Washington transactions, the Finance Committee agreed that it would be appropriate to look at the full range of ownership policies, including permitted debt levels, minimum equity requirements and holding periods, eligible categories of investors, and expanding opportunities for more diverse ownership,” the NFL wrote in the memo, a copy of which The Washington Post obtained Thursday.
Advertisement Owners Robert Kraft of the New England Patriots, Arthur Blank of the Atlanta Falcons, Jimmy Haslam of the Cleveland Browns and Greg Penner of the Denver Broncos will serve on the committee, according to the memo. Kansas City Chiefs owner Clark Hunt, the chairman of the NFL finance committee, will serve as an ex officio member.
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