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.
@@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
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.
@@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.
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
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.
🤢🤢🤮 Pathetic 🤢🤢🤮 Heritage & NFL can NEVER put together 🤏 Allowing football clubs to just move out of their hometowns is the antithesis to “ heritage “ 🤷♀️
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.
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.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
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.
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.
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....
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.
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.
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
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.
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.
every time i watch a cnbc video im bored out of my mind within a minute. you have good topics, good titles, but the pace is so slow and it's so not-committal, you never say anything meaningful or take any risks.
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.
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?
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.
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
🔥The Rams is soon moving to Riyadh, Saudi Arabia 🤷♀️
Heritage my ass 🤢🤢🤮
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.
I know one thing for sure, this is not going to go well for fans in the long run.
This will end well.
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
Private equity has toppled many companies...all they care about is ROI
actually, ROIC. or MOIC.
IRR Maximization here.
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
Load it with debt. Sell the assets. Then watch it go bankrupt
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
Line billionaire pockets with more billions, but will continue to beg for public funding for their stadiums
This just proves that players in all sports are severely underpaid
Wow, America is being sold to private equities. But who owns them?
a handful of rich assholes at the top
$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.
Should have more than enough money to pay for their own stadiums now.
I just hope private equity sports owners are able to fund their own stadiums .since they have trillions.
Can you imagine what the Saudi’s would pay for the cowboys?
Yes. yes I could, about 7 billion dollars
That 10% ownership is the Trojan horse. If PE firms ever get some kind of control it's game over for fans.
Private Equity never works well for the people in the organization
🤢🤢🤮 Pathetic 🤢🤢🤮
Heritage & NFL can NEVER put together 🤏 Allowing football clubs to just move out of their hometowns is the antithesis to “ heritage “ 🤷♀️
Literally.
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.
Tax free status goes away then right?
“Most profitable sports league in the world”? Really? Over any fifa league too? That’s impressive
So private equity can now pay for new stadiums instead of the taxpayers? That would be a cool start
Sports betting needs to be banned, it makes EVERYTHING about money
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.
Well there goes the NFL 🤦♂️
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
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.
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..
That's incredible. Could you recommend who you work with? I really could use some help at this moment
"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.
I’ve just looked up her full name on my browser and found her webpage, very much appreciate this
Why not just have nonvoting investor shares that anyone can trade?
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
Private equity is ruining America.
a salesperson just got rich making this deal
it means cnbc and others can pay any team to win or lose
Well their goes nfl
But tax money to subsidize stadiums right?
Doesn’t it seem a little messed up that PE is using our retirement funds to buy equity in sport teams?
Imagine BLACKROCK telling you to tank for Shedur Sanders.
I like when NFL Owners give themselves a raise
This deal definitely started as a convo over beers
Good luck filling the stadium. After private equity takeover the tickets will be incredibly expensive and also the broadcasting
Uuuugh gross I hate this already
Why don't you require the NFL to implement DEI initiatives consistently, just like big tech companies do?
Rooney Rule.
@ Do you think we only have black and white?
0:33-0:38 He sold the Milwaukee Bucks. Take what he said with a grain of salt.
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.
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.
Private equity has more money than it knows what to do with it. Sports, medicine, food, etc... uncontrolled capitalism, remember "greed is good"
This will be horrible for the fans.
Will foreign investors be allowed ownership?
$20 for a beer
Its means the price everything goes up and alotta people get laid-off
PE=tickets will cost 1k and up in just a few years…..
Welp, there goes my interest in the last sport I still cared about.
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
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
RIP NFL.
Corruption will only increase now
NBA is crashing because of this, private equity is a terrible idea
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.
They need to hold it for at least 6 years…that’s hilarious to me because they usually hold investments for 5 years.
I will never understand the obsession of grown men watching other grown men at play.
To live vicariously through them
Private Equity is a malignant tumor
Now cities won't be on the hook to build new stadiums
Literally
Shareholders are always most important. Nfl is ruined
"Greed is good..."
As if concessions at stadiums could get worse...
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!"
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.
I’m slowing phasing the NFL out of my life.
Haha . It mean that its going to be much much more expensive for people to watch.
This could be their undoing.
Let's let the money make the game better /s
Im still confused on why this sport name is have football in it . Correct name should be armored throwball😂
Rip NFL
Congrats to sports industry for completely mixing with capitalism. It’s time to raise more bets and generate $$$$$
Meantwhile english premier league getting more popular
More commercials more paid content more more more $$$$$
Don’t make the NFL, worst then the NBA
Let the scams begin. 👀
Rob Kraft… yikes
every time i watch a cnbc video im bored out of my mind within a minute. you have good topics, good titles, but the pace is so slow and it's so not-committal, you never say anything meaningful or take any risks.
so this means oil money...
Has anybody taken notice on the second individual wearing a team uniform. It looks like a woman wearing a Dodgers jersey.
Duh!
Maybe the Chargers will go bankrupt?
3:39 😂😂😂😂 private equity?? Dont you mean a nations GDP disguise as a private equity!!!?? 🤣🤣
yikes
Awful