The NFL was formed in 1920 and is currently owned by 32 teams which include, the Detroit Lions, Los Angeles Raiders, Miami Dolphins, Kansas City Chiefs among many others.
The NFL is owned by separate entities from these 32 teams coming together to form one body known as the NFL.
People have often veered from the NFL franchise because of its seemingly cumbersome structure.
Here is a breakdown of all you need to know about the NFL:
How does NFL ownership work?
NFL ownership structure entails each team having a controlling owner who holds a minimum of a 30% stake in the team. The NFL forbids ownership groups of over 24 persons or any publicly traded corporations from purchasing NFL teams.
What does a team owner do?
NFL team owners are usually involved in strategic planning and implementation of goals that will steer the team forward. They can add and remove members, add guests, and change the team setting.
Do NFL team owners own the stadium?
NFL stadiums are usually funded by the government or gained from some sort of public funding. These stadia serve as home to some of the teams in the league.