All articles tagged with #team ownership
Brad Keselowski will leave RFK Racing at the end of the 2026 season, ending a five-year tenure as driver and co-owner. The split, driven by disagreements over team direction and charter issues, leaves Keselowski without a ride for 2027 and forces RFK to find a new identity without its public face.
Brad Keselowski will not drive for RFK Racing in 2027, ending a five-year tenure as driver and co-owner. The split follows failed contract negotiations and leaves both parties with uncertain futures. Keselowski, 42, is now a free agent, while RFK must find a new identity and competition director without its public face.
Brad Keselowski will not return to RFK Racing as a driver after the 2026 season. The split follows failed contract negotiations between the 2012 Cup champion and the team’s board. Keselowski, who joined RFK as a co-owner in 2022, has secured only one win in five years with the team. RFK Racing intends to buy out his ownership stake, while Keselowski states he is not ready to retire from driving.
The average NFL team is now valued at $10.36 billion, a 35% jump driven by the record-breaking $9.61 billion sale of the Seattle Seahawks to the Khosla family. This transaction, which closed in September, featured over $8 billion in equity, shattering previous records and debunking concerns that league debt limits would cap franchise prices. The Dallas Cowboys remain the most valuable team at $16 billion, while five franchises now exceed $12 billion in value. Rising valuations are fueled by competitive bidding among global wealth, increasing national revenue shares, and upcoming stadium renovations across a third of the league.
Vinod Khosla, the new owner of the Seattle Seahawks, publicly confirmed that he remains a devoted Pittsburgh Steelers fan. This admission came shortly after NFL owners unanimously approved the sale of the Seahawks to his family for a record $9.612 billion. While Khosla pledged to preserve the Seahawks' identity and Lumen Field, his continued allegiance to a rival team highlights a unique dynamic in franchise ownership.
Robert Kraft has agreed to sell an 8% minority stake in the New England Patriots, valuing the team at $9 billion, with the sale proceeds staying on the team's balance sheet. The deal involves buyers Sixth Street Capital and Dean Metropoulos and requires NFL approval. This sale is part of a broader trend of NFL team stake sales, with other teams like the Giants, 49ers, and Bears also undergoing similar transactions.
Tom Brady's involvement as a part-owner and FOX Sports analyst raises concerns about potential conflicts of interest, especially as he interacts with NFL teams and players, though the NFL states he is restricted from in-person team facility access to prevent unfair advantages.
The article criticizes Dallas Cowboys owner Jerry Jones for prioritizing business and personal interests over winning football games, highlighting his history of contentious contract negotiations, especially with Black players, and his focus on profit over team success, which has hindered the franchise's ability to achieve sustained success despite its financial wealth.
Eli Manning has decided not to pursue a 10% stake in the New York Giants due to the high cost, while fellow Giants legend Michael Strahan remains interested in investing alongside Marc Lasry.
Eli Manning considered buying a 10% stake in the Giants but declined due to the high cost, citing the large financial commitment and potential conflicts with his broadcasting career. The article also contrasts Manning's decision with Tom Brady's purchase of a stake in the Raiders at a much lower valuation.
For the first time in NFL history, private equity firms have purchased stakes in league teams, with Ares Management acquiring 10% of the Miami Dolphins and Arctos Partners and Gridiron Capital buying into the Buffalo Bills. This move, approved by NFL owners, allows for increased liquidity as franchise values rise. The Dolphins' valuation was set at $8.1 billion, while the Bills' was $5.8 billion. The sales aim to diversify ownership and expand market reach, particularly in Toronto for the Bills.
Eagles owner Jeffrey Lurie is exploring the sale of a minority interest in the team, valuing the franchise at $7.5 billion. The size of the stake and terms are still undetermined, and talks are in early stages with no guarantee of a sale. Lurie has owned the Eagles since 1994, purchasing the team for $195 million.
The Pegula family, owners of the Buffalo Bills, is considering selling a minority interest in the team, with reports suggesting around 25 percent, though the exact figure is not confirmed. The potential sale is being facilitated by Allen & Company, and while Terry Pegula may ultimately decide against it, the increasing valuations of NFL teams and estate taxes have made sole ownership challenging. The Bills, currently valued at $3.7 billion, were purchased for $1.4 billion in 2014, and the team's new stadium costs could exceed initial projections, with the Pegulas bearing responsibility for any overruns.
The Tampa Bay Buccaneers ranked poorly in the NFL Players Association's report card, with low grades for team travel and ownership. Players criticized the Glazer family for ownership and complained about issues such as expensive game-day child care and outdated facilities. Despite some positive marks for the dietician, training staff, and strength coach, the overall ranking was affected by concerns about the team's facilities and travel policies. In contrast, the Miami Dolphins ranked first overall in the survey.
Kansas City Chiefs players gave their team owner, Clark Hunt, low ratings in an NFL Players Association survey, expressing frustration over unkept promises and subpar facilities despite the team's on-field success. This reflects a growing trend of NFL players using their newfound power to voice concerns about workplace conditions, with the survey providing a protected opportunity for players to critique their team environments. The report card has put a spotlight on the Chiefs' internal culture, highlighting the impact of player feedback on team ownership and the willingness of players to speak out.