You're listening to Draft King's Network. Hey there, boys and girls, welcome to another edition of the business of sports with Andrew Brand.

I'm your host andrew

brent we're produced by jack connell musical sound you hear under us that is my son sam brant at boy blue

tunes were presented as always by draft kings a brant's rants edition i got some things i want to get off

my chest here about the nfl about college football, about baseball, etc.

You're going to hear it all.

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I really appreciate that. All right, let's start the most topical that just happened.

As I record this middle of the day, Wednesday, the NFL in Dallas, their annual meeting in

Dallas at the end of the year, that's really the meeting

that agents call the collusion meeting where they go into all the cap issues for the next year.

They actually give you a cap estimate, but they're not doing that this year, but everyone kind of

expects it to be in the 270 to 75 range for 2025.

But that'll be a discussion for another day.

The big issue on the plate at the agenda for the NFL owners meetings today and just

approved right before coming on to record this is transfers of small minority shares of

four franchises. So this is what I small minority shares of four franchises.

So this is what I've been talking about with the NFL.

The cost of these franchises has become so high that earlier this year,

the NFL approved institutional money to use for funding these purchases. In other words, private equity, institutional money,

...