New England Patriots owner Robert Kraft is the target of the investigation that is new to sports news siteDeadspinthat claims the billionaire is in violation associated with the 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, well worth a projected $5.1 billion according toForbes, owns a small stake (by his requirements) in Apollo Global Management (AGM). The Kraft Group CEO holds 267,240 shares of AGM, a publicly traded company, currently valued at around $7 million per SEC filings.
Since Apollo presently keeps a 30 percent stake in Caesars Entertainment, since well as jobs in British betting house Ladbrokes and casino games manufacturer American Gaming Systems,Deadspinauthor Bart Hubbuch states Kraft is in violation of the NFL’s gambling policy. The League strictly forbids owners from directly owning 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 officers that are executive.
‘Holding that position would appear to be a violation that is clear of NFL’s gambling policy. While the policy permits Continuez la lecture