NFL Owners Push Off Vote on Allowing Private Equity Ownership [BNN Bloomberg (Canada)]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: BNN Bloomberg
A committee made of five owners hasn't finalized a model for bringing private equity into the fold, but a vote is expected to come later this year, according to Kansas City Chiefs owner Clark Hunt, a member of the group. The league will likely vet and approve a selection of private equity firms to be potential buyers of stakes in teams, he said. “We've made a great deal of progress,” Hunt said from the NFL owners meeting in Orlando. The NFL has some of the strictest ownership rules in sports, which has made selling teams more difficult than in other sports that have already expanded ownership rules to private equity and other investment entities. That was apparent last year when a large group of investors, led by private equity billionaire Josh Harris, completed a complicated deal to buy the Washington Commanders for $6 billion. The sales process also didn't attract many suitors, raising concerns that the league's ownership model was limiting and would depress future sales. Onc
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- 2/8/24 - Miss
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- 4/19/24 - Form 4
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- ARES's page on the SEC website