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Robert Kraft agrees to sell New England Patriots minority stake in deal that values team at $9B
CNBC· 2025-09-25 22:38
New England Patriots owner Robert Kraft speaks to media at Gillette Stadium to announce the team's hiring of head coach Jerod Mayo.Robert Kraft, who paid $172 million for the New England Patriots in 1994, has agreed to sell 8% of the NFL team to two groups in a deal that values the franchise at $9 billion, according to two sources who have first-hand knowledge of the deal but are not authorized to speak about it publicly.The money the team will get from selling the 8% stake is going to stay on the Patriots' ...