The Buffalo Bills and Miami Dolphins each have agreed to sell minority ownership stakes to private equity, the first such deals in National Football League history.
Why it matters: The NFL had been the last major U.S. sports league to allow institutional investors to hold stakes in teams, approving new rules back in August.
New York Mets owner and hedge-fund titan Steve Cohen just shocked the sports world, agreeing to pay outfielder Juan Soto $765 million to play baseball for him over the next 15 years.
Why it matters: The nearly 10-figure deal, the biggest contract in the history of pro sports, is huge for Juan Soto — but it might end up being a winner for Cohen too.
