Menu
Leagues and Governing Bodies

NFL Owners To Vote On Ending Cross-Ownership Rule

NFL owners are scheduled to vote at their Fall meeting next week to eliminate the decades-old cross-ownership rule, which prevents owners of other big four sports teams in NFL markets from buying football teams. The rule also prevents an NFL owner from buying a non-NFL big four team in a league market. The rule is in place to prevent NFL owners from competing with their fellow owners in the local sports marketplace. However, with valuations of teams so high, the pool of prospective buyers has shrunk, leading to a rethink of the rule, sources said. Only three bidders emerged for the sale of Panthers, which David Tepper bought for $2.275B in August. While that amount was a record for an NFL team, it still came in under expectations. Sal Galatioto, a sports investment banker, said if the NFL does lift the rule, it would be a boon to the sports mergers and acquisitions market. “It would have a very positive effect on the NFL and other sports assets,” he said. “It opens up the market for an NFL team to a large group of very wealthy people.” The NFL has not always strictly enforced the rule. Stan Kroenke in '10 exercised an option to buy the Rams despite already owning the Nuggets and Avalanche. After a long grace period, he did not sell the Denver teams but moved their ownership to family members. The league several years earlier prevented the Glazer family, which owns the Buccaneers, from bidding on the Dodgers. While at the time there was no NFL team in L.A., the league considered L.A. a league market.

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2018/10/10/Leagues-and-Governing-Bodies/NFL-Cross-Ownership.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2018/10/10/Leagues-and-Governing-Bodies/NFL-Cross-Ownership.aspx

CLOSE