Sep 1, 2024 links

Link: NFL allows private equity firms to invest in teams

p>The NFL will allow some private equity firms to buy up to 10% stake in a team. Approved firms include Ares Management, Arctos Partners and Sixth Street, among others.

These firms plan to invest $12 billion in up to six NFL teams each.

The decision was taken at a meeting in Eagan, Minnesota by the NFL's 32 owners.

Investors are asked to commit a minimum of $2 billion and hold their investments for at least six years.

The league has the intention to share the private equity profits on future sales of ownership stakes.

Arctos Partners is ahead with permission to invest in all five major North American leagues. #

--

Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.

You might also like...

Link: SocialAI, a new iOS app that looks like a social network, is filled entirely with bots and lets users populate their network with up to 32 types of bots (Natasha Lomas/TechCrunch)

Link: Synchron says its brain implant now lets people with paralysis use Alexa without voice or physical interaction, along with iPhones and other devices (Emily Mullin/Wired)

Link: 11xAI, which builds AI bots that help automate end-to-end workflows, raised a $24M Series A led by Benchmark and says it is nearing ARR of $10M (Dominic-Madori Davis/TechCrunch)

Link: Nevada is working with Google to launch a generative AI tool that will issue recommendations to human referees on whether unemployed workers should get benefits (Todd Feathers/Gizmodo)

Link: Boston-based AceUp, which offers AI-powered business coaching and performance analytics services, raised a $22.5M Series A led by PJC (Kyle Wiggers/TechCrunch)