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Kraft family agrees to sell 8% stake in Patriots to two buyers pending approval
Youtubeยท 2025-09-25 18:37
Core Insights - The Kraft family has agreed to sell an 8% stake in the New England Patriots, valuing the team at $9 billion, pending approval from the NFL's finance committee next month [1][2] - This sale is part of a broader trend, with other minority stake sales in the NFL, including a $10.3 billion minority stake for the New York Giants and an $8.6 billion minority stake for the San Francisco 49ers, also awaiting approval [2] - The Patriots were purchased for $172 million in the 1990s, indicating significant appreciation in value [3] Financial Valuation - The post-money valuation of the Patriots is expected to exceed $9 billion, with earlier valuations estimating the team at $9.25 billion [4] - The Dallas Cowboys remain the highest-valued NFL team, primarily due to substantial revenue from sponsorships at AT&T Stadium [5] Market Position - The Patriots rank 11th in ticket sales for the 2024 season, while the Cowboys ranked third [5] - The Patriots are tied with the Pittsburgh Steelers for the most Super Bowl wins, with six championships, enhancing their brand value [5] - The Patriots benefit from being the only NFL team in their market, unlike teams in larger markets such as New York or Los Angeles [6] - Significant investments have been made in renovating Gillette Stadium, completed in 2023, contributing to the team's strong performance [6]