LAS COLINAS, Texas — A crack in the NFL’s longstanding ownership policy has emerged.
Private equity investors gained limited control of the Philadelphia Eagles and Miami Dolphins after a Wednesday morning vote of approval among team ownership groups.
Eagles team owner Jeffrey Lurie sold 8 percent of the team, a person with knowledge of the vote confirmed to Yahoo Sports. The team was valued at $8.3 billion during the process.
Dolphins team owner Stephen Ross sold 10 percent to Ares Management and 3 percent to Brooklyn Nets team owners Joe Tsai and Oliver Weisberg, the Dolphins announced in a press release. The deal is pending final closing of the agreements.
The Dolphins’ deal also includes the team’s Hard Rock Stadium as well as the Formula 1 Crypto.com Miami Grand Prix.
“Together, with the resources from this transaction, we will prioritize continued investment into the Dolphins, additional sports assets and South …