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Arthur Blank sells 10 percent of the Falcons

Published March 25, 2019 02:20 PM
American Institute for Stuttering 12th Annual Freeing Voices Changing Lives Benefit Gala

NEW YORK, NY - JULY 09: Co-Founder of Home Depot and Atlanta Falcons Owner Arthur Blank speaks onstage during the American Institute for Stuttering 12th Annual Freeing Voices Changing Lives Benefit Gala at Gustavino’s on July 9, 2018 in New York City. (Photo by Cindy Ord/Getty Images for American Institute For Stuttering)

Getty Images for American Institute For Stuttering

Falcons owner Arthur Blank has sold a minority stake in his team.

Blank sold 10 percent of the team to three investors, two of whom already owned a small stake in the team, according to D. Orlando Ledbetter of the Atlanta Journal-Constitution.

The deal is believed to be worth $300 million, which puts the value of the Falcons franchise at $3 billion. That’s significantly more than the estimated $2.2 billion that David Tepper paid for the Panthers last year, in the most recent sale of an NFL franchise.

Blank remains the majority owner and will continue to make all the major decisions for the franchise.