New England Patriots owner Robert Kraft may be the target of a new research posted to sports news siteDeadspinthat claims the billionaire is in violation of this National Football League’s (NFL) ownership policies due to his investment in a hedge fund.
New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for holding interests in Caesars.
Kraft, worth an estimated $5.1 billion according toForbes, owns a small stake (by his standards) in Apollo Global Management (AGM). Per SEC filings, the Kraft Group CEO holds 267,240 shares of AGM, a publicly traded business, currently valued at around $7 million.
Since Apollo presently retains a 30 % stake in Caesars Entertainment, because well as jobs in UK house that is betting and casino games manufacturer American Gaming Systems,Deadspinauthor Bart Hubbuch says Kraft is in violation of the NFL’s gambling policy. The League strictly prohibits owners from directly possessing casinos or gaming businesses.
In the Apollo website, the hedge fund says Kraft has been a director of its company since 2014. The billionaire is listed alongside nine other directors and executive officers.
‚Holding that position would appear to be a clear violation of the NFL’s gambling policy. While the policy allows for owners to have minor assets in equi Continue reading