Overview

• The 2.35% stake comes from the estate of Andrew McKenna, with two-thirds purchased by the McCaskey family and one-third by the Ryan family, leaving them at roughly 77% and 23% ownership respectively.
• Because the buyers are existing owners, league rules did not require approval from three-fourths of NFL owners.
• The deal pegs the Bears at an NFL-record valuation for a minority sale, topping the $8.6 billion mark set by a 6.2% San Francisco 49ers stake in May.
• CNBC reports that limited-partner stake prices can diverge from control-sale values, with small LP interests sometimes trading at a premium.
• The Bears are evaluating a fixed-roof stadium in Arlington Heights to expand non-NFL event revenue beyond Soldier Field’s limitations.