The NFL has officially approved private equity investments, allowing firms to acquire up to 10% stakes in individual teams, following a vote where only the Cincinnati Bengals opposed the measure. This decision opens new avenues for capital generation, aiming to address soaring team valuations and substantial stadium costs, with the average NFL team valued at $5.1 billion as of August 2023. Eight firms, including Ares Management and a consortium known as 'The Avengers', are initially approved to invest, with a minimum stake set at 3% and a required holding period of six years. The league will also benefit from a share of profits from private equity stake sales, ensuring it maintains some control over the process. While the infusion of private equity is expected to enhance team operations, it is designed not to interfere with the daily management by team owners. This move marks the NFL's entry into a financial landscape already adopted by other major U.S. sports leagues, positioning it to harness significant investment potential.