Patriots owner Robert Kraft is planning to divest 8% of the franchise, selling a 3% minority ownership stake to Sixth Street, a San Francisco-based private equity firm, and 5% to Dean Metropoulos, principal of the Metropoulus & Co. investment firm, according to Sports Business Journal.

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Kraft is selling minority stakes at a time the Patriots are valued at more than $9 billion. Sixth Street is also invested in the Celtics, whose sale for $6.1 billion was approved earlier this year.

The NFL allowed owners to sell minority stakes to private equity firms last year. Shortly after the policy passed, Kraft hinted he might one day divest part of the franchise he’s owned since 1994.

“We’ve come up with a program that both satisfies the needs of the private equity firms but also

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