Overview

• The agreement will allocate about a 2% stake from late investor Andrew McKenna’s estate between the McCaskey and Ryan families.
• Valuing the Bears at roughly $8.8 billion, the intra-family transfer tops all previous NFL minority-stake transactions.
• Once complete, the McCaskey family’s share will rise to about 77.5%, leaving the Ryans with the remaining equity.
• Both families exercised first refusal rights and enlisted Galatioto Sports Partners to broker the deal without requiring a commissioner ruling.
• The transaction follows restructuring prompted by Virginia McCaskey’s death earlier this year, which designated George McCaskey as the franchise’s control person.