More immediately, the NFL, which has always required team owners to be individuals, could see an influx of private equity money after a vote at a special meeting on Tuesday to allow select funds to own up to 10% of a franchise’s equity. That level of investment is well below what MLB (15%), MLS (20%), the NBA (20%) and the NHL (20%) reportedly permit a fund to own, so the impact may be somewhat muted. The idea, though, is that institutional investors can expand the ranks of potential bidders for teams, a pool that would otherwise keep getting smaller as prices continue to soar.