NFL Financing Rules Are Holding Back Black Ownership of Teams

Media mogul Byron Allen is looking to buy the Denver Broncos in an auction that could reach $4 billion or more. If he is successful, Allen would be the first Black owner in the 102-year-old National Football League, where 7 out of 10 players are Black, yet no Black person has ever held a majority stake in a team.

Allen isn’t the only Black individual who is interested in buying an NFL team. Clearlake Capital Group co-founders Behdad Eghbali and Jose Feliciano, along with Feliciano’s wife Kwanza Jones, are also weighing a bid, according to people with knowledge ...