Patriots Owner Kraft Agrees To Sell Minority Stake To Private Equity: Reports

FOXBOROUGH, MA — Welcome to the NFL's private equity era, New England Patriots fans.

Reports from across the media industry reported today that team owner Robert Kraft has agreed to sell a minority stake in the team in a deal that values the organization at over $9 billion.

The private equity firm Sixth Street is reportedly set to purchase 3 percent of the organization while the billionaire Dean Metropoulos is set to purchase 5 percent.

Kraft and his family have owned the entirety of the organization since he first bought the team for $172 million in January 1994.

Though the deal needs league approval — the next meeting of NFL owners is scheduled for October — it is the first investment by Sixth Street under the NFL's private equity policy that was put into effect in 2024.

Three teams, the Bills, Chargers and Dolphins, have sold portions of the respective organizations to the private equity firms Arctos and Ares. The Patriots deal is the first for Sixth Street, which was the third of three firms approved in the private equity policy.

Sixth Street has also invested in the Boston Celtics.