NFL expected to vote in favor of private equity ownership; select firms to commit $12 billion

The NFL is the last major sports league to allow private equity investment as rising valuations make it harder for owners to buy in.

NFL owners are expected to vote on Tuesday to allow select private equity firms to invest at up to 10% of a team stake.

The initial approved firms will include Ares Management, Sixth Street Partners and Arctos Partners, in addition to a consortium nicknamed"The Avengers" that includes Dynasty Equity, Blackstone, Carlyle Group and CVC Capital Partners, people familiar with the matter told CNBC.The firms collectively have $2 trillion in assets and intend to commit $12 billion of capital to be raised over time, the people said.

Goodell told CNBC in July that he believes the 10% is a complement to the existing ownership structure and that the percentage could be raised at some point in the future.

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