The NFL is the largest sporting league in the world. The National Football League earns millions of dollars every year in sponsorship money, advertising revenue, and merchandise sales. The National Football League is one of the most lucrative sporting leagues. Some reports indicate that Saudi Arabia’s Public Investment Fund (PIF) may be interested in participating in this sporting spectacle.
The PGA Golf Tour and the LIV Golf Tour, owned by the PIF of Saudi Arabia, made a deal just a few days ago to merge the two into a single, for-profit entity. The news was shocking to golf fans, as the PGA Golf Tour commissioner had been against players switching over to LIV Golf. He also regularly spoke against the LIV Golf organization.
Their merger has shown that everything and anything has a cost. This also applies to NFL. The NFL has a rule that prohibits foreign investment in NFL franchises. However, Albert Breer believes that this may not be the case for long. According to an NFL insider it’s not “out-of-line” to think that Saudi Arabia might buy an NFL franchise in the future.
PIF, the Saudi Arabian nation’s PIF, has made a lot noise by purchasing prominent sporting teams all over the world. The PIF already owns LIV Golf, and Newcastle United in the English Premier League. They also lured the soccer stars Cristiano Cristiano, and Karim Bélema into the Saudi Arabian League with huge deals. It’s not out of place to assume that they may be interested in purchasing a NFL team.
Albert Breer speculates that the NFL may change its no foreign investment policy in the future
Albert Breer, a well-known NFL insider, predicts that in the future the league may change its rule against foreign investment to allow Saudi Arabia PIF to purchase a franchise.
Breer said that the Saudis will be the only ones willing to pay the rising cost of an NFL franchise in the future. Beer believes that the NFL may end up changing their rule to attract Saudi investors.
Dan Snyder recently announced that he had sold the Washington Commands to a group headed by Philadelphia 76ers owner Josh Harris for a staggering $6.05 billion. This was the highest price paid for a sports franchise anywhere in North America. Breer believes that the price of an NFL franchise is going to keep rising and only Saudi Arabia’s pif will be willing pay this amount.