Keir Gordon and Molly Moseley write for City AM on the Miami Dolphins and Buffalo Bills becoming the first NFL teams to sign private equity deals
In a historic first for the National Football League (NFL), the Buffalo Bills and the Miami Dolphins have become the first teams to shake hands with private equity. These investments follow the update in August to the NFL’s investment and ownership rules allowing private equity minority ownership.
Ares Management Corp. is reported to be acquiring a 10 per cent stake in the Miami Dolphins ($8.1bn enterprise valuation), whilst Arctos Partners is reported to be buying near a 10 per cent interest in the Buffalo Bills ($5.8bn enterprise valuation).
Keir Gordon, Partner, and Molly Moseley, Associate, both in our Corporate team, write on the development in an opinion piece for City AM.
In the article, Keir and Molly argue that these new "groundbreaking investments" in the NFL represent a win-win strategy for the Buffalo Bills and Miami Dolphins, their owners, and the private equity investors alike.
They continue:
As broadcast and ticket revenues for NFL games continue to grow, and with reports of other teams seeking new capital, these investments are anticipated to be the first of many.
Read the full article in City AM here.
