Robert Kraft is selling off a piece of the New England Patriots. Kraft and his family have held 100% of the team since he initially purchased the organization in 1994, but now plans to divest 8% of the franchise.

The move was first reported by The Sports Business Journal on Thursday and was announced by the Patriots later in the day.

Kraft is selling off a piece of the Patriots in two separate deals to private equity firms: 5% is being sold to Dean Metropoulos, who is the principal owner of the Metropoulos & Co. investment firm, while the other 3% is being sold to global investment firm Sixth Street.

If Sixth Street sounds familiar to Boston fans, it's because the firm is also a major part of the investment group that just purchased the Boston Celtics , led by new team governor Bi

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