Patriots owner Robert Kraft is selling an 8 percent stake in the franchise, according to reports from Sports Business Journal and Axios.
Sixth Street, a private-equity firm, will acquire 3 percent of the team, according to reports, which is valued at a little more than $9 billion, according to Sports Business Journal.
According to Sports Business Journal, it’s the first deal under the NFL’s private-equity policy, passed in 2024. It allows funds to purchase small stakes (a total of 10 percent) of teams as a passive investment.
The other 5 percent will go to billionaire Dean Metropoulos, who is the principal of Metropoulos & Co. investment firm and who formerly owned Pabst Brewing Company.
The Krafts have owned 100 percent of the franchise since they purchased it in 1994.
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Sixth Street recently invested in the Celtics as part of the sale to Bill Chisholm.
Katie McInerney can be reached at katie.mcinerney@globe.com. Follow her on Instagram at @katiemac.sports.