1y ago

NFL owners vote to allow private equity funds to buy stakes in teams

www.nfl.com

17 comments

"Why do you need so many players and coaches? Can some of this be outsourced?"
- Forget play calling with analytics, its time for play calling with AI.
- These are tough, unprecedented economic times.
  We are conducting a 10% RIF. Instead of fielding a 53 man team we'll be fielding a 46 man team.
  Thank you for your understanding as we hope to deliver the same NFL experience that you love.
So we are going to make the teams worse? Not sure how they can make them worse but private equity will find a way.
- If it wasn't already... They will look for more ways to squeeze $ out of consumers
  
  "Welcome to the Amazon game day brought to you by Apple. Tonight's Toyota matchup between the Dallas Verizon Wireless and the Cleveland Krogers Grocery will be live from FedEx Field at Prudential Stadium as soon as 10,000 fans validate a purchase at Starbucks dot com. Until then, enjoy these messages from Nestle. We hope to be back with you soon from the Costco broadcast booth, where we love you."
  
  Get ready to watch every playoff game on a different streaming service.
Gonna sell the stadium to a subsidiary and then lease it until the team runs out of money.
Very on brand for the NFL
- No. It really is a huge change.
  this was a club of rich people who own teams as play things
  Now it is going to be about optimization and bottom line
  five years from now, things will be dramatically different. It might be a good time to buy a steak and a soccer team.
Asset-stripping couldn't happen to a nicer league.
Just as long as we can't have any more publicly owned teams! That's communism!
Owners are going to cash out before the liability of player injuries comes due. That is what I see here.
This may - and big guess here - may be good for the league. Ownership that would previously passed down through inheritance can now be sold off to structured businesses.
Also, if a toxic owner is booted out of the league the path to financial stewardship is now a lot more open, rather than what I'd assume to be one of the most gated of circles it would take to be an owner currently.

17 comments