New England Patriots Selling 8% Stake at $9B Valuation

The New England Patriots have agreed to sell an 8% minority stake in the franchise, valuing the team at over $9 billion, making it the second-most valuable NFL team deal after a recent New York Giants valuation. Private equity firm Sixth Street Partners will acquire a 3% stake, while billionaire Dean Metropoulos is purchasing 5%. The Kraft family will retain more than 90% ownership and this marks the first time Robert Kraft has sold part of the team since purchasing it in 1994. The sale excludes the MLS team New England Revolution, which remains fully owned by the Krafts. Sixth Street, known for investments in sports franchises like FC Barcelona, Boston Celtics, and San Antonio Spurs, is entering the NFL following new league rules allowing private equity stakes. The deal is subject to NFL approval, expected in October, and the proceeds are anticipated to be reinvested into the Patriots' operations and facilities.