Robert Kraft and his family have been sole owners of the New England Patriots ever since acquiring the franchise from James Busch Orthwein in 1994. That is about to change.

The Krafts are set to divest 8% of the Patriots at a valuation of more than $9 billion, as first reported by Ben Fischer of Sports Business Journal. The ownership stake will be divided by two parties: 5% will be owned by billionaire Dean Metropoulos, with 3% going to San Francisco-based investment firm Sixth Street.

Both deals are pending approval by NFL owners, who will vote on the matter at a meeting on Oct. 21-22. The expectation is that the sale will be green-lit.

The deal was made possible by an NFL policy change approved in 2024 that allowed private equity to buy into the league’s 32 teams. At the time, Kraft s

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