Workflow
Professional Football
icon
Search documents
Kraft family agrees to sell 8% stake in Patriots to two buyers pending approval
Youtube· 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]
BUCCANEERS PARTNER WITH RUMBLE CLOUD
Globenewswire· 2025-05-08 20:10
Partnership Announcement - The Tampa Bay Buccaneers have announced a partnership with Rumble, a video sharing platform and cloud services provider, to support the storage of the team's video content [1] - The partnership aims to enhance the Buccaneers' business and marketing strategy through improved content management and storage solutions [1][2] Technology and Infrastructure - The Buccaneers' Vice President of Information Technology, Charles Harris, highlighted the increasing quality and quantity of content produced, necessitating enhanced storage solutions [2] - Rumble Cloud is positioned as a high-quality service that allows for flexible content management and efficient expansion [2] Advertising and Promotion - The agreement includes Rumble advertisements that will be featured on the Buccaneers' website, broadcasts, and at Raymond James Stadium [2] Company Background - Rumble, founded in 2013 by Chris Pavlovski, aims to create an independent infrastructure resistant to censorship by Big Tech, promoting a free and open internet [3] - The Tampa Bay Buccaneers are celebrating their 50th season in the NFL, with a history of significant achievements including two Super Bowl Championships [4]