NFL owners are set to vote on a significant change to the league's ownership structure, allowing private equity firms to purchase limited stakes in NFL teams. This move, which could free up cash for stadium renovations and other projects, marks a departure from the traditional single-family ownership model that has characterized the league since its inception in 1920. The decision will still be made on a club-by-club basis, and any deals will require approval from the league's owners.

• The NFL is moving towards allowing private equity investments, which could significantly change the ownership landscape.
• This decision comes after rising team valuations and is aimed at providing financial flexibility for owners.