NFL owners could vote on the sale of 20 per cent stakes in the Buffalo Bills and Miami Dolphins next month, according to The Sports Business Journal.
If approved, the transactions will be the first two deals permitted under the NFL's new policy for institutional investments. Both deals will be on the agenda for Tuesday's NFL finance committee meeting before the next owners meeting in December.
The Bills sale, for 20.6 per cent of the team, includes an investment group led by venture capitalist Tom Burger that features former Toronto sports stars Vince Carter, Tracy McGrady and Jozy Altidore. It also includes Sue McCollum, CEO of alcohol distributors Eagle Brand Sales and Double Eagle; Rob Palumbo, co-managing partner of private equity firm Accel-KKR; and a group led by venture capitalist Theresia Gouw.
The Dolphins deal, accounting for 20 per cent of the team, includes investments from Nets owner Joe Tsai and Nets minority owner Oliver Weisberg. The largest stake will go to investment firm Ares Management.
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