Axios

Dan Snyder is seeking a buyer for the Washington Commanders after a 23-year ownership that's been best known for losing football and off-field controversies. But private equity funds won't be among the bidders.

What to know: NFL rules prevent private equity funds and other forms of institutional capital from owning franchises, even if they only hold minority stakes. That's different from many other pro sports leagues, including the NBA, MLB, NHL and Premier League.

Tennessee debuted at No. 1 in the first College Football Playoff rankings, with Ohio State, Georgia and Clemson rounding out the top four.

Why it matters: Tennessee has never even been ranked in the CFP top four, much less No. 1. Not bad for a team just two years removed from going 3-7.

Prime Video has signed a deal with Overtime Elite (OTE) for the exclusive global streaming rights to 20 live games per season for the next three years.

The big picture: OTE is a six-team basketball league featuring some of the best players in the world ages 16 to 20. Players receive six-figure salaries and an education as they prepare for college and professional hoops.

Jeff Zucker, whose nine-year run atop CNN ended this past February, is in advanced talks to join private equity firm RedBird Capital Partners.

Why it matters: Zucker would give added media industry depth to RedBird, as it increases its focus on professional sports investing.