Kraft to Sell 8% Stake in Patriots

Robert Kraft and his family plan to divest an 8% stake in the New England Patriots, selling about 3% to private-equity firm Sixth Street and roughly 5% to investor Dean Metropoulos. The transactions value the franchise at just over $9 billion and would net the Krafts roughly $720 million, with sources saying the proceeds are expected to remain on the team's balance sheet. Kraft intends to retain controlling ownership and the sales are subject to approval by NFL owners at their Oct. 21–22 meeting under the league's 2024 private-equity policy. Sixth Street has confirmed its 3% deal and is active in other Boston sports investments, while the Patriots organization has largely declined detailed comment. Reports say the minority sale would not include the Krafts' MLS club, the New England Revolution, and league officials view it as unlikely owners will block the deal.