NFL Owners Meetings: New Investment Strategy, Super Bowl Update
The NFL yesterday unveiled a new partnership with Providence Equity to invest in sports and entertainment companies. The venture replaces the original concept for a strategic investment fund, in which the NFL would invest small amounts of capital into early stage firms whose business could mesh with the league’s. The new target is to make investments of $25-50M each in companies.
Also yesterday, the N.Y./N.J. Super Bowl Host Committee updated owners on preparations for the game in '14. The presentation itself appears to have been an unusual occurrence. Jim Steeg, who used to manage Super Bowls for the NFL, said on his Twitter feed he could not recall a host committee briefing owners on an upcoming game (Daniel Kaplan, Staff Writer).
Meanwhile, Eagles Owner Jeffrey Lurie indicated that he would "push for a Super Bowl in Philadelphia" if the '14 game at MetLife Stadium is "a success" (ESPN.com, 3/19).