INSIDE COMPLIANCE

On August 22, 2024, the owners of the National Football League (NFL) teams voted to allow private equity funds to purchase ownership in the teams with 31 out of the 32 team owners voting in favor of the change. Critics of the change raise concerns that private equity investments will cause teams to more aggressively prioritize profit over quality, leading to a poorer fan experience. However, the league has drafted the change with appropriate safeguards to limit the influence of private equity owners while still achieving the goal of increasing funds available to teams to promote stability and growth throughout the league.