At one time, NFL ownership operated more like a family business. Franchises such as the Pittsburgh Steelers remain primarily owned by the Rooney family. But the landscape has changed. Today, ownership in an NFL franchise represents a major corporate investment and long-term business strategy.
On Tuesday, the Cleveland Browns made another change to their ownership structure. The NFL approved the sale of a minority stake in the franchise to private equity firm Arctos Partners. The Browns became the fourth NFL team to bring a private equity firm into its ownership group.
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Arctos now owns stakes in three NFL franchises. What do those
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