New England Patriots Valued Over $9 Billion in Sixth Street Deal

New England Patriots Valued Over $9 Billion in Sixth Street Deal

The New England Patriots are set to sell a stake to Sixth Street Partners and billionaire Dean Metropoulos at a valuation above $9 billion, according to people familiar with the deal.

Sixth Street to acquire Patriots stake at $9bn valuation

Private equity firm Sixth Street and billionaire Dean Metropoulos have agreed to buy an 8% stake in NFL franchise the New England Patriots that values the team at more than $9bn, according to a report by Sports Business Journal. Sixth Street is buying 3%, while Metropoulos will own 5%. The Kraft family will still own more than 90% of the Patriots. The funds are expected to be reinvested into the franchise. The deal does not include MLS’ New Engl…

Patriots Become Fourth NFL Team to Add Private-Equity Investor

The deal with Sixth Street represents the fourth private-equity investment in an NFL team since owners approved PE ownership.

Barcelona backer Sixth Street invests in New England Patriots

FC Barcelona investor Sixth Street is set to acquire a minority stake in the New England Patriots in a deal that values the NFL franchise at $9bn (£6.7bn). Sixth Street is buying three per cent of the Patriots and Greek-American billionaire Dean Metropoulos five per cent, according to reporting by Sportico. The Patriots’ long-time owners, the Kraft family, will continue to hold more than 90 per cent of shares in the franchise. It is the latest m…