12-15-2024, 03:17 AM
(12-12-2024, 08:45 AM)pally Wrote: Yesterday the NFL owners approved sales of limited partnerships for the Eagles, Bills, and Dolphin. Limited meaning 10% or less of the teams valuation in total. The Eagles raised over $600 million
Mike Brown and the Brown family own virtually 100% of the Bengals. I believe they still have one limited partner from the original purchase of the team but his share is small
Selling a small percentage of the team could reap all sorts of benefits, including having the cash to escrow guaranteed contract money. The team has some big capital expenditures coming up as well with the renovation of Paycor and building the permanent training facility.
The team ranks last in value according to the experts but last still means $5 billion so a 10% limited partnership is still worth $500 million of cold hard cash for the Brown family
Unfortunately I don't see Mike going that route
Yeah, they own 97%. Ed Miyawaki owns the other 3.
