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NFL Will Soon “Test The Waters” Of Foreign Team Ownership, Former Washington Commanders President Jason Wright Says
The NFL will soon "test the waters" of foreign investors have a piece of teams, former Washington Commanders President Jason Wright said Thursday.
Sovereign wealth funds from Saudi Arabia, Qatar and the United Arab Emirates have taken significant stakes in soccer, golf, auto racing and other sports, but major U.S. leagues have thus far held them at bay. In many cases, the ethical circumstances and societal practices of foreign entities can generate backlash, as the Saudi-backed LIV Golf tour has encountered given the Saudi government’s ties to terrorism and civil rights violations. Sal Galatioto, a former Wall Streeter who formed his own boutique firm nearly 30 years ago to facilitate sports investments, offered a stark prediction about what will follow the expiration in December 2026 of the current collective bargaining agreement between owners and players.
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