Just for the record: More than half of the current NFL owners are billionaires because their fathers died, and they inherited the team. Yet somehow, that wasn't enough money, and they needed more. Unreal.
NFL teams are incredibly expensive to operate so if you’re on the lower end of the wealth spectrum in terms of the league’s ownership, you’re going to struggle to pay for all of the things you need to take care of. They may be rich compared to the average person but if the operating costs of the team eat 60% of your net worth, you’re going to struggle.
Private equity bleeds whatever it touches. The players and fans will get less out of this than the private equity firms. Private equity has bought up housing which has run up housing costs, and private equity has bought up hospitals which has run up the cost of healthcare while reduced quality of care and reducing salaries of healthcare providers such as doctors and nurses. They close less profitable hospitals and that leaves vast areas with no hospital at all within convenient or even moderate driving distance.
Here comes the financial crunch on football fans as the equity firms want to get maximum profit in the shortest period of time. They don't care about financial sustainability whatsoever. Buy it, jack prices through the roof, add subscriptions and fees, sell for parts.
@@ajg8722 i gotta agree it's a shame but at least we got some good decades in. also i don't think all the games are rigged just the important ones. 2018 NFC championship game Rams vs Saints showed me they'll do it openly in the 2nd biggest game of the year essentially. The saints got robbed cuz big money was on the rams. it was so so obvious just look at the last pass interference no call.. since that day my whole worldview switched with it
@@Korloko because when the public provides funding the stadium must be used for public use in some capacity. Oftentimes, it's health initiatives like free checkups and blood drives. Owners have decided they would rather pay full price than participate in those things.
Lmao at Hunt saying private equity will permit access to funding for stadiums. I’m sure that still won’t stop him from holding KC taxpayers hostage for more stadium funding.
If a team can pay 30-40% of the stadium’s costs, then voters will be more likely to approve since they aren’t spending as much for their share of the funding.
Private equity destroys every thing it touches. They want to extract as much value and wealth as possible. They will want the value even if it creates a worse product. Less money will trickle down to the players and the product will deteriorate.
Bear Hug in Wrestling: Control and Domination: The wrestler uses strength to control and dominate their opponent, restricting their movement and breathing (amazing)!
Did the NFL really needed private equity investment? To my understanding the NFL is flushed with cash. Something about this doesn’t make sense. Private equity usually goes after firms struggling to raise capital.
Excellent! Private equity has historically made organizations better. And I am sure that this influx of huge sums of money will stop teams from blackmailing local taxpayers for stadium funding. /s
so basically it gives owners a pool of people to borrow money from? rich dont get rich by doing something. the rich get rich by using other peoples money to do something. all while saving their own.
Is it just me or did they just say they pay players and coaches more and more while they go furthur in the red for the NBA. Why the hell is that legal? That is literally fake value.
Private Equity: Control and Influence: Private equity firms often take significant control over the companies they invest in, implementing changes to improve performance and profitability (astonishing)!
I am so glad Michael Ozanian is part of CNBC now; I have followed his work at Forbes for several years and am pretty excited about what he does here. On PE in the NFL; show me the money - average valuations might hit $12 - $15 billion in a decade; fun times for long-time owners.
I don't watch the NFL anymore, haven't for 12 years since I cancelled my cable bill. Years and years of no access without cable/sat then eventually overpriced and convoluted streaming details that often still can't get me the game I want to watch. So 12 years I've ignored the NFL. I only catch games at bars these days. I feel these PE firms getting way too much for media rights, charging way more while offering less makes those investments look green, for a bit....then you get the goodbye from you customers, like I gave the NFL 12 years ago....
It better mean more money for players and possibly guaranteed contracts. It’s shameful players in the NFL don’t have guaranteed contracts. They have a 100% injury rate and some will never play again.
I cannot for the life of me understand the appeal of professional sports. These players do not represent your team because your team does not represent your city. Players are bought and sold like cattle from all over the place and are almost never from your city. WHO CARES who beats who when there's zero legitimate representation???? Someone explain this to me.
Recently fans follow players. That’s why there are superstars. Look at the NBA, people cheer for LeBron, not the city. Look at Soccer, it’s Messi. Look at MLB, it’s Ohtani.
American football (NFL) is never popular outside of USA. If foreign companies acquire NFL teams, that would be a destruction for American economy. Believe me. Most non-American people don't like American football and are never into watching NFL matches. Non-American investors would only milk American fans of NFL, while American fans would get nothing but find their wallets empty. Look at the economy of the UK and its correlation with Premier League. It's destroyed. One of the factors of the decline of the economy of the UK is too many non-English companies/investors acquire English soccer teams, while most of the spectators of each of the soccer teams are British. The investors know that the English fans are slaves to English soccer. Most of them are still willing to pay to get English soccer match tickets, no matter how expensive they are. Those fans don't realize they are being used as cash cows by investors. The solution is let English investors/companies own English sport teams, American investors/companies own American sport teams, and so on. FYI. MLS. New York City FC is owned by an Arab country and most of the profits go to the Arab country (UAE, if I'm not mistaken). New York Red Bulls club is owned by a Thai company called Krating Daeng company, and most of the profits go to Thailand. Why would American sport fans feed these foreign investors/companies/countries that don't care about American sports/economy? USA is suffering debt around 35 trillion dollars and still counting. This is not an achievement. Foreign investors turns out to be robbers. Most foreign companies (especially Japanese and Chinese) in USA choose to straight up annex American companies to control all of the profits in American market, while those foreign companies force American companies to have partnership so that American companies can't control all of the profits in those countries. Tencent is a Chinese company that has been robbing and milking USA. Sony is a Japanese company that also has been robbing and milking USA, through gaming. A Japanese steel company called Nippon Steel is trying to annex an American steel company called US Steel, while Japan doesn't really buy American steel products. Japan loves to own American steel mines. Japan is a political ally to the US, but at the same time Japan is an economic rival to the US. While China is straight up an economic rival and political enemy to the US. America should not let foreign companies annex American companies. Force them to make partnership if they want to "invest/rob" in American market, so that those foreign companies can't control all of the profits. It's time for America to force so called "allies" to hold fair trade not free trade.
The NFL is the most profitable league in the world - I just don’t see the reason to bring in PE. The PE playbook usually works on distressed businesses on the fringe of going under. Hurts the offerings but keeps the company afloat. The NFL is in no such situation. Goodell and the board have whored the NFL out to PE & gambling corporations. You better believe he’s getting major kickbacks. Love him or hate him, he knows how to fill his pockets.
🤢🤢🤮 Pathetic 🤢🤢🤮 Heritage & NFL can NEVER put together 🤏 Allowing football clubs to just move out of their hometowns is the antithesis to “ heritage “ 🤷♀️
TSLA has a new market cap and with around £120k invested in tech/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Prioritize two goals: strategically sell stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.
Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k..
"Julianne Iwersen Niemann" a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
If you ain't rich, then you ain't sheet. But if you're flush with cash, you're invincible in every respect. Chump has proved that over 60+ years of "success through consistent failure". 💪😎✌️ That's REAL power, suckahz! The wealthy ALWAYS win even if the numbers say that they lose. #invincible #immortal #invulnerable #unbeatable
This is just going to be horrible for the fans. Can’t wait to see more price gouging and making the games unaffordable for the average fan. Thanks Godell for ruining a sport built by the working class this will screw over.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Private equity usually doesn't pan out well.
Vampires
PE is fkn cancer
@@Korloko😂😂😂😂
@@Korloko That's unfair to vampires.
Why don't you require the NFL to implement DEI initiatives consistently, just like big tech companies do?
Private equity: It's like saying a little bit of cancer is good.
private equity IS cancer
Yep so they can treat you and take your life savings 😒
Why don't you require the NFL to implement DEI initiatives consistently, just like big tech companies do?
@@Deksingburithey already do and have a racist Rooney rule
Just for the record: More than half of the current NFL owners are billionaires because their fathers died, and they inherited the team. Yet somehow, that wasn't enough money, and they needed more.
Unreal.
Capitalism working exactly as intended
Why don't you require the NFL to implement DEI initiatives consistently, just like big tech companies do?
NFL teams are incredibly expensive to operate so if you’re on the lower end of the wealth spectrum in terms of the league’s ownership, you’re going to struggle to pay for all of the things you need to take care of. They may be rich compared to the average person but if the operating costs of the team eat 60% of your net worth, you’re going to struggle.
Rich gotta rich. 💪😎✌️ If you ain't wealthy, then you ain't HEALTHY. Might is right, dollars create followers. #Chump4VR #ImmortalCheetohGod
Greed has no limit.
Private equity bleeds whatever it touches. The players and fans will get less out of this than the private equity firms. Private equity has bought up housing which has run up housing costs, and private equity has bought up hospitals which has run up the cost of healthcare while reduced quality of care and reducing salaries of healthcare providers such as doctors and nurses. They close less profitable hospitals and that leaves vast areas with no hospital at all within convenient or even moderate driving distance.
agreed
Here comes the financial crunch on football fans as the equity firms want to get maximum profit in the shortest period of time. They don't care about financial sustainability whatsoever. Buy it, jack prices through the roof, add subscriptions and fees, sell for parts.
Oh function the way Trump did to make all his money? What a surprise the rich being bad for self gain.
Tickets will get more expensive and the experience will be more „exclusive“
No normal Fan will benefit
Goodbye NFL, YOU have proven failure is coming.
It’s been decades in the making tbh. They really showed their true colors by making gambling on games accessible at your fingertips..
@@lukekibblesyes
Yeah the past couple of seasons you can definitely see how it’s been rigged. Hate to say but the golden days of the NFL are behind us.
@@ajg8722 i gotta agree it's a shame but at least we got some good decades in. also i don't think all the games are rigged just the important ones. 2018 NFC championship game Rams vs Saints showed me they'll do it openly in the 2nd biggest game of the year essentially. The saints got robbed cuz big money was on the rams. it was so so obvious just look at the last pass interference no call.. since that day my whole worldview switched with it
Why don't you require the NFL to implement DEI initiatives consistently, just like big tech companies do?
expect ticket prices to triple
The NFL had a good run.
Now it's done for.
Does this mean that public funding will drop for stadiums?
Nope lol
I hope so.
Shockingly, that is becoming the trend. Chase Center, Sofi, and Intuit Dome were all privately funded.
thats free money
@@Korloko because when the public provides funding the stadium must be used for public use in some capacity. Oftentimes, it's health initiatives like free checkups and blood drives. Owners have decided they would rather pay full price than participate in those things.
Lmao at Hunt saying private equity will permit access to funding for stadiums. I’m sure that still won’t stop him from holding KC taxpayers hostage for more stadium funding.
It's called leverage pal.
If a team can pay 30-40% of the stadium’s costs, then voters will be more likely to approve since they aren’t spending as much for their share of the funding.
@@ryantetreault3447 It's called welfare for billionaire team owners, pal.
@@mattborman5780 well then dont do it then
I know one thing for sure, this is not going to go well for fans in the long run.
This will end well.
Private equity destroys every thing it touches. They want to extract as much value and wealth as possible. They will want the value even if it creates a worse product. Less money will trickle down to the players and the product will deteriorate.
Private equity has toppled many companies...all they care about is ROI
actually, ROIC. or MOIC.
IRR Maximization here.
Load it with debt. Sell the assets. Then watch it go bankrupt
🔥The Rams is soon moving to Riyadh, Saudi Arabia 🤷♀️
Heritage my ass 🤢🤢🤮
That 10% ownership is the Trojan horse. If PE firms ever get some kind of control it's game over for fans.
Bear Hug in Wrestling:
Control and Domination: The wrestler uses strength to control and dominate their opponent, restricting their movement and breathing (amazing)!
As soon as I heard about that. I figured we will see the best clubs owned by Saudi Arabia. Like it is in european soccer.
Qatar and UEA too
$6 Billion and they still force players to play on astro turf literally destroying their bodies because its cheaper to maintain than real turf.
Did the NFL really needed private equity investment? To my understanding the NFL is flushed with cash. Something about this doesn’t make sense.
Private equity usually goes after firms struggling to raise capital.
Sometimes the owners want an exit.
Private equity goes after anything with alpha
Should have more than enough money to pay for their own stadiums now.
Can you imagine what the Saudi’s would pay for the cowboys?
Yes. yes I could, about 7 billion dollars
@ if under current structure yeah I agree, if they allow for majority ownership of overseas investors, I can see it going for $20-30B
@ if under current structure yeah I agree, if they allow for majority ownership of overseas investors, I can see it going for $20-30B
Literally.
So private equity can now pay for new stadiums instead of the taxpayers? That would be a cool start
greed and even more greed. not all money is good money
Excellent! Private equity has historically made organizations better. And I am sure that this influx of huge sums of money will stop teams from blackmailing local taxpayers for stadium funding. /s
Oof
PE destroys jobs and everything else it touches. It should be illegal and all those running them should be in prison.
Line billionaire pockets with more billions, but will continue to beg for public funding for their stadiums
Wow, America is being sold to private equities. But who owns them?
a handful of rich assholes at the top
I just hope private equity sports owners are able to fund their own stadiums .since they have trillions.
Not my team bro
so basically it gives owners a pool of people to borrow money from? rich dont get rich by doing something. the rich get rich by using other peoples money to do something. all while saving their own.
$20 for a beer
Imagine BLACKROCK telling you to tank for Shedur Sanders.
Welp, there goes my interest in the last sport I still cared about.
RIP NFL.
Private equity is ruining America.
And destroying jobs
a salesperson just got rich making this deal
Private Equity never works well for the people in the organization
Tax free status goes away then right?
PE=tickets will cost 1k and up in just a few years…..
More commercials more paid content more more more $$$$$
Is it just me or did they just say they pay players and coaches more and more while they go furthur in the red for the NBA. Why the hell is that legal? That is literally fake value.
Private Equity:
Control and Influence: Private equity firms often take significant control over the companies they invest in, implementing changes to improve performance and profitability (astonishing)!
Well there goes the NFL 🤦♂️
This deal definitely started as a convo over beers
I am so glad Michael Ozanian is part of CNBC now; I have followed his work at Forbes for several years and am pretty excited about what he does here. On PE in the NFL; show me the money - average valuations might hit $12 - $15 billion in a decade; fun times for long-time owners.
Private Equity is a malignant tumor
Well their goes nfl
I like when NFL Owners give themselves a raise
I don't watch the NFL anymore, haven't for 12 years since I cancelled my cable bill. Years and years of no access without cable/sat then eventually overpriced and convoluted streaming details that often still can't get me the game I want to watch. So 12 years I've ignored the NFL. I only catch games at bars these days. I feel these PE firms getting way too much for media rights, charging way more while offering less makes those investments look green, for a bit....then you get the goodbye from you customers, like I gave the NFL 12 years ago....
Just use streameast lol
0:33-0:38 He sold the Milwaukee Bucks. Take what he said with a grain of salt.
It better mean more money for players and possibly guaranteed contracts. It’s shameful players in the NFL don’t have guaranteed contracts. They have a 100% injury rate and some will never play again.
it means cnbc and others can pay any team to win or lose
Good luck filling the stadium. After private equity takeover the tickets will be incredibly expensive and also the broadcasting
Literally
But tax money to subsidize stadiums right?
“Most profitable sports league in the world”? Really? Over any fifa league too? That’s impressive
I cannot for the life of me understand the appeal of professional sports. These players do not represent your team because your team does not represent your city. Players are bought and sold like cattle from all over the place and are almost never from your city. WHO CARES who beats who when there's zero legitimate representation???? Someone explain this to me.
Recently fans follow players. That’s why there are superstars. Look at the NBA, people cheer for LeBron, not the city. Look at Soccer, it’s Messi. Look at MLB, it’s Ohtani.
Square
It's entertainment, soap opera etc. People like that stuff, spectators are cattle too.
100% spot on
@@-.TS.-i am going to be honest with you, many of these people need more hobbies and things to do in their life.
Its better to put it on the stock market.
LOL THE AVENGERS
Why not just have nonvoting investor shares that anyone can trade?
"Greed is good..."
As if concessions at stadiums could get worse...
American football (NFL) is never popular outside of USA. If foreign companies acquire NFL teams, that would be a destruction for American economy. Believe me. Most non-American people don't like American football and are never into watching NFL matches. Non-American investors would only milk American fans of NFL, while American fans would get nothing but find their wallets empty.
Look at the economy of the UK and its correlation with Premier League. It's destroyed. One of the factors of the decline of the economy of the UK is too many non-English companies/investors acquire English soccer teams, while most of the spectators of each of the soccer teams are British. The investors know that the English fans are slaves to English soccer. Most of them are still willing to pay to get English soccer match tickets, no matter how expensive they are. Those fans don't realize they are being used as cash cows by investors. The solution is let English investors/companies own English sport teams, American investors/companies own American sport teams, and so on.
FYI. MLS. New York City FC is owned by an Arab country and most of the profits go to the Arab country (UAE, if I'm not mistaken). New York Red Bulls club is owned by a Thai company called Krating Daeng company, and most of the profits go to Thailand. Why would American sport fans feed these foreign investors/companies/countries that don't care about American sports/economy?
USA is suffering debt around 35 trillion dollars and still counting. This is not an achievement. Foreign investors turns out to be robbers.
Most foreign companies (especially Japanese and Chinese) in USA choose to straight up annex American companies to control all of the profits in American market, while those foreign companies force American companies to have partnership so that American companies can't control all of the profits in those countries.
Tencent is a Chinese company that has been robbing and milking USA. Sony is a Japanese company that also has been robbing and milking USA, through gaming.
A Japanese steel company called Nippon Steel is trying to annex an American steel company called US Steel, while Japan doesn't really buy American steel products. Japan loves to own American steel mines.
Japan is a political ally to the US, but at the same time Japan is an economic rival to the US. While China is straight up an economic rival and political enemy to the US.
America should not let foreign companies annex American companies. Force them to make partnership if they want to "invest/rob" in American market, so that those foreign companies can't control all of the profits. It's time for America to force so called "allies" to hold fair trade not free trade.
Explain how the NFL is not popular outside of USA and the english ownership of Premier League teams...you got it twisted
Red Bulls is owned by Red Bull GmbH
Well, they elected Trump, let him deal with it
The NFL is the most profitable league in the world - I just don’t see the reason to bring in PE. The PE playbook usually works on distressed businesses on the fringe of going under. Hurts the offerings but keeps the company afloat.
The NFL is in no such situation. Goodell and the board have whored the NFL out to PE & gambling corporations. You better believe he’s getting major kickbacks. Love him or hate him, he knows how to fill his pockets.
Sports betting needs to be banned, it makes EVERYTHING about money
Uuuugh gross I hate this already
This will be horrible for the fans.
This could be their undoing.
🤢🤢🤮 Pathetic 🤢🤢🤮
Heritage & NFL can NEVER put together 🤏 Allowing football clubs to just move out of their hometowns is the antithesis to “ heritage “ 🤷♀️
TSLA has a new market cap and with around £120k invested in tech/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Prioritize two goals: strategically sell stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.
Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k..
"Julianne Iwersen Niemann" a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
@YadaniL-g8k I wipe with leaves and it hurts. Please let me know what I should be doing differently.
Now cities won't be on the hook to build new stadiums
This might mean they might seriously have the lingerie football team go against one of our favorite teams. It’ll destroy the sport, but I’m down for.
Let's let the money make the game better /s
Corruption will only increase now
Doesn’t it seem a little messed up that PE is using our retirement funds to buy equity in sport teams?
This is called stealing, which is illegal and all those running PE firms belong in prison.
Its means the price everything goes up and alotta people get laid-off
Meantwhile english premier league getting more popular
yikes
Rip NFL
They need to hold it for at least 6 years…that’s hilarious to me because they usually hold investments for 5 years.
Haha . It mean that its going to be much much more expensive for people to watch.
Will foreign investors be allowed ownership?
Let the scams begin. 👀
Rob Kraft… yikes
Duh!
I’m slowing phasing the NFL out of my life.
Shareholders are always most important. Nfl is ruined
If you ain't rich, then you ain't sheet. But if you're flush with cash, you're invincible in every respect. Chump has proved that over 60+ years of "success through consistent failure". 💪😎✌️ That's REAL power, suckahz! The wealthy ALWAYS win even if the numbers say that they lose. #invincible #immortal #invulnerable #unbeatable
Private equity has more money than it knows what to do with it. Sports, medicine, food, etc... uncontrolled capitalism, remember "greed is good"
Seems like they are doing a better job to do it correctly. But also, why are saying "oh no, poor NFL teams, they need more money!"
Picture Preview of the video shown I mean
And the downfall of the NFL begins. Nothing good comes out of private equity. NFL fans, enjoy these few years before everything gets expensive !!
This just proves that players in all sports are severely underpaid
This is just going to be horrible for the fans. Can’t wait to see more price gouging and making the games unaffordable for the average fan. Thanks Godell for ruining a sport built by the working class this will screw over.
so this means oil money...
3:39 😂😂😂😂 private equity?? Dont you mean a nations GDP disguise as a private equity!!!?? 🤣🤣
NBA is crashing because of this, private equity is a terrible idea
Don’t make the NFL, worst then the NBA