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NFL considers changes to ownership rules

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The National Football League is considering changes to its ownership rules.

The reason: Teams are becoming too expensive to purchase, even for billionaires.

Last year's $2.3 billion sale of the Carolina Panthers, for example, only drew a handful of bidders.

NFL rules require the principal owner to put up at least 30% of the purchase price in cash. Additionally, each team has a $350 million debt limit. According to Bloomberg, a buyer would have to pay at least $600 million initially to purchase a team at current valuations. Then comes the difficult process of finding investors to spend tens or hundreds of millions of dollars on noncontrolling stakes in a team.

Read more from Bloomberg.


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