For the first time since 1994, Robert Kraft is set to own less than 100 percent of the Patriots .

According to Ben Fischer of Sports Business Journal , Kraft (as head of the Kraft Group) is divesting eight-percent of his stake in the team as part of the NFL’s updated private equity policy from 2024.

Specifically, global investment firm Sixth Street reportedly has agreed to a deal to take a three-percent stake in the Patriots at a team valuation of more than $9 billion. The other five-percent Kraft made available is being purchased Greek-American billionaire Dean Metropoulos, per Fischer.

Both potential deals are subject to review at the upcoming owners’ meeting on Oct. 21-22. The league officially approved private equity stakes in NFL teams in 2024 , but limited it to no more than

See Full Page