MLB Raises Private Equity Ownership Cap to 20%

Major League Baseball (MLB) has decided to raise the cap on private equity ownership in its franchises to 20 percent. The move is intended to allow additional capital into clubs and broaden their financing options. According to reports by Front Office Sports and thesunpapers.com, the decision brings MLB into alignment with the National Basketball Association (NBA), which maintains an identical ceiling for institutional investment funds. Further details regarding the effective date of the regulations or any accompanying restrictions have not yet been released.