LeadStory

Is Kraft selling the Patriots?

Asked 2 hours ago

Answer

The Kraft family is not selling the entire Patriots franchise but has agreed to sell an 8% minority stake to two buyers, valuing the team at $9 billion. The sale is pending NFL finance committee approval.

Now Playing

CNBC

Kraft family agrees to sell 8% stake in Patriots to two buyers

CNBC ยท Just In
CNBC
CNBC
Just In
  • Kraft family agrees to sell 8% stake in the Patriots, valuing the team at $9 billion. 7s
  • The sale is pending approval from the NFL's finance committee. 16s
  • Proceeds from the sale will be added to the team's balance sheet, increasing its valuation. 1m 5s
  • The Patriots were purchased for $172 million in the 1990s and have seen significant appreciation. 54s
  • Recent renovations to Gillette Stadium, completed in 2023, have strengthened the team's position. 2m 10s
NFL & GridironBusinessSports

References

Kraft family agrees to sell 8% stake in Patriots to two buyers
Icon
CNBC
3 hours ago
Kraft family agrees to sell 8% stake in Patriots to two buyers

The Kraft family has agreed to sell an 8% stake in the team to two buyers, valuing the team at $9 billion.

Kraft family agrees to sell 8% stake in Patriots to two buyers
Icon
CNBC
3 hours ago
Kraft family agrees to sell 8% stake in Patriots to two buyers

The proceeds from the sale are being put on the team's balance sheet, and the post-money valuation will be even higher than $9 billion.

What Are People Asking?