The Venn diagram of the Premier League and NFL is getting tighter. And with a handful of private equity companies now allowed to invest in the sport, expect even closer bonds soon.
It is now nearly two years since NFL owners voted to allow private equity (PE) firms – a type of investment business which pools individuals’ and institutions’ money to acquire companies and flip them for a profit – to take stakes in teams.
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In doing so, they became the last of the big North American franchise leagues to allow the $11 trillion private equity industry into their $500 billion-plus tent.
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