Are shady investors about to ruin football? 

Private equity has already ransacked our healthcare system, our housing market, and even our grocery stores. Now, they want to tackle your favorite football team — which could make it more expensive to cheer them on. 

Be warned.

The NFL announced that these investors, known as “private equity” firms, will be allowed to invest in the league’s franchises for the first time ever.

Private equity makes its money by buying up companies — often jacking up prices, cutting wages, outsourcing jobs, and stripping assets — with the priority of short-term profits above all else.

Perhaps that’s why the NFL is cautiously limiting private equity ownership to a 10% stake in a team, and requiring that firms serve as “silent partners” to start.

But if there’s one thing that private equity firms know how to do, it’s blitz businesses, take control, and siphon off as much profit as possible.

We’ve seen the impact of private equity on other industries — it only scores by ruining everything it touches. 

Private equity-backed real estate corporations have been buying up single-family homes and apartment complexes at a record pace, ransacking and shuttering our hospitals, and gobbling up grocery store chains. The result? Higher housing costs. Higher healthcare costs. And higher grocery costs. 

When private equity gets involved, everything tends to get more expensive and quality gets worse — while its investors get richer thanks to tax loopholes that disproportionately benefit few people other than them.

Given private equity’s horrible track record, if it intercepts more control of the NFL, do you think it will drop ticket prices from their already obscene levels? Lower the price of a beer? Or stop putting games behind paywalls when you try to watch them at home? 

Of course not.

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