The NFL has approved a new policy allowing private equity firms to invest in its teams, marking a significant shift in the league's ownership structure. This decision permits league-sanctioned firms to acquire up to a 10% stake in a franchise. The move is expected to bring substantial financial benefits to the league, as private equity's purchasing power is anticipated to drive up team valuations. Notably, the $6 billion buyout of the Washington Commanders sets a precedent for such investments. However, the policy includes restrictions, such as vetting potential investors and limiting stakes, to ensure the league's interests are protected. Initial deals under this new policy could be approved as early as December, with 6-8 teams potentially involved in private equity investments within the next 2-3 years. Despite this development, some teams, like the Dallas Cowboys, have indicated they do not plan to participate in private equity investments at this time.