National Football League (NFL)

Professional sports leagues get creative with ownership options

Illustration: Aïda Amer/Axios

In an effort to expand the pool of potential team buyers, the NFL, NBA and MLB are considering drastic changes to how business is done.

Why it matters: Team valuations have skyrocketed in recent years, creating a dearth of individuals wealthy enough to buy the next teams put up for sale.

Building the XFL (again)

A football under construction.
Illustration: Lazaro Gamio/Axios

The 2-day XFL draft concluded yesterday, with each of the league's 8 teams having put together their initial rosters.

How it worked: Before the actual draft, teams ranked which "Tier One" QB they wanted via a blind-bidding system, then those 8 players were assigned accordingly.