FRISCO – Owners in need of a cash injection can now sell up to 10 percent of their NFL franchise to a private equity firm.
Jerry Jones will not be part of this group.
“The correct statement is that I have no plans to do that,” the Cowboys owner told reporters. “I don’t want to rule anything out as far as the future is concerned.”
“But we weren’t thinking like that.”
This concept has been discussed in league circles for nearly five years. A special committee was formed last year to study the measure and voted to implement it earlier this week. The move could generate hundreds of millions of dollars for the owners to use for stadium and facility improvements or other projects.
The Cowboys, who are regularly ranked as the most valuable sports franchise in the world, don’t currently need to use that revenue stream, but Jones believes it’s good for the league.
“For me personally, attending meetings was not particularly important because that was not my intention with the Cowboys,” Jones said.
“That being said, there’s no doubt it’s going to make us a better league. There’s no doubt it’s going to give us more financial flexibility… and it’s going to make this game better for you, the fans, the professionals in the game, for the players, for the fans.
“Anything that is good for the fans is good for the league.”
Catch David Moore every Monday through Friday at 9:35 a.m. with The Musers during training camp and every Monday, Wednesday and Friday at 4:35 p.m. on the Hardline on The Ticket (KTCK-AM 1310 and 96.7 FM).
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