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Kraft Reaches Deal to Sell 8% Patriots Stake at Valuation Above $9 Billion

League owners must still approve the reported deal at their October meeting.

Overview

  • Sixth Street is set to acquire roughly 3% and billionaire Dean Metropoulos about 5%, according to multiple reports.
  • The Kraft family will keep more than 90% ownership, with sale proceeds staying on the Patriots’ balance sheet for reinvestment.
  • This would be Sixth Street’s first NFL stake under the league’s 2024 policy permitting passive private-equity investments.
  • The transaction covers only the NFL franchise and not the Krafts’ MLS club, the New England Revolution.
  • The valuation would rank among the NFL’s highest, trailing the Koch family’s reported 10% purchase of the Giants at more than $10 billion.